In order to more closely align with the FHFA’s hike in conforming loan limits for 2024, Ginnie Mae has revised its definition of High Balance Loans for single-family forward mortgage loans nationwide.
Most Recent Articles
New Home Purchase Applications Boast YoY Gains
“Homebuyers, including a growing share of first-time buyers, continue to favor newly built homes, as declining mortgage rates in August contributed to the uptick in new home sales activity," said...
Fannie Mae Forecast: Existing Home Sales Near 30-Year Low
Although mortgage rates have dropped and supply has spiked in some areas of the nation, existing home sales are forecast to remain sluggish for the remainder of the year; however, Fannie Mae...
HUD Expands Affordable Housing for People With Disabilities
A new round of funding by the Department will create strategies and programs to help identify and refer low-income persons with disabilities to eligible homes and provide them with rental...
Honoring the Industry’s Rising Stars
At the upcoming Five Star Conference in Dallas, young women leaders who are driving progress will be honored with the Rising Star Executive Award. Meet the finalists for this award and find out...
Fed Cuts Interest Rate by a Half-Point
After four years of rate hikes and non-movement, the Federal Reserve has slashed the benchmark interest rate in a move that will boost purchasing power for potential homebuyers nationwide. The...
Homebuyers Seeking Connection to Community
According to a U.S. Surgeon General study on America's "loneliness epidemic," which found that 1 in 2 U.S. adults experience loneliness as a result of social separation, recent Century 21 data...
Where Is It Cheaper to Buy Than Rent?
As mortgage rates drop and affordability continues to improve, Zillow identifies the U.S. metros where buying a home has become more affordable than monthly rental rates. The post Where Is It...
Survey: AI Assisting More Than 30% Manage Their Finances
A new study by BMO Financial Group examines who is turning their financial and investment decisions over to artificial intelligence, and the reasoning behind these decisions. The post Survey: AI...
Sen. Scott Introduces New Comprehensive Housing Measure
New legislation seeks reforms across all segments of the housing market, with a focus on supporting families and communities. The post Sen. Scott Introduces New Comprehensive Housing Measure first...
Opendoor Names Former Fannie Mae President to Its Board
David Benson, who retired as President of the GSE earlier this year, has been named to the Board of Directors for the nationwide e-commerce platform for residential real estate transactions. The...
More Boomers Are Staying Put
A new study from Clever Real Estate has found an increasing number of baby boomers plan to remain in their homes, impacting already-strained housing market inventories. The post More Boomers Are...
Keys for Life Luncheon to Kick Off Five Star Conference
The Keys for Life Opening Luncheon will officially launch the Five Star Conference next week, with segments honoring U.S. military veterans, examining the state of the industry, and presenting the...
FHFA Launches Natural Disaster Dashboard
The Agency has unveiled a new online tool using data to estimate county-level damages and mortgage loan concentrations in disaster-prone areas, helping to identify regions most vulnerable to...
Buyer Competition Expected to Ramp Up This Fall
Since May—when they peaked—monthly mortgage payments have decreased nationally, boasting "an opportunity for buyers who have been waiting in the wings for a monthly mortgage payment they can...
Figure Technology Solutions Debuts New Chief Legal Officer, Corporate Secretary Role
Figure Technology Solutions has announced that Ronald Chillemi, who has has 25 years of expertise in both the public and commercial sectors of law, has been appointed as Corporate Secretary and...
The Week Ahead: Navigating the Affordability Challenges of Middle-Income Renters
The Harvard Joint Center for Housing Studies will host a virtual session discussing the affordability struggles faced by middle-income renters, and what can be done to alleviate these...
Nationwide Homeowner Equity Shows Modest Gains in Q2
According to CoreLogic, since Q2 of 2023, U.S. homeowners with mortgages have seen an increase in equity year-over-year—but at a slower pace—driving the total net homeowner equity to over $17...
Mortgage Credit Availability Jumps Again in August
Joel Kan, MBA’s VP and Deputy Chief Economist, revealed that while credit availability increased in August, the consecutive rise from last month was "driven by increased cash-out refinance and...
Real Estate Market Outlook: Rising Inventory and Stable Prices
As the peak of the home-buying season ends, Altos Research forecasts rising inventory levels, steady prices, and a slow market for the remainder of 2024. The post Real Estate Market Outlook:...
AFR Announces Key Leadership Appointments
Bobbi MacPherson joins the mortgage lender as Head of Operations, Shaun Hamman returns to the company as SVP of Strategic Accounts, and Kayla Lopez is promoted to the role of Head of People. The...