Tuesday , 24 November 2020

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The American Housing Industry’s Biggest Problems Today

Historically low interest rates and sustained strength in numerous economic sectors have helped jump the for-sale housing market this year. However, the housing industry is bearing a particularly harsh brunt of COVID-19—especially in terms of a scarcity of affordable rental housing, unequal access to good-quality homes, and vulnerability of much of the housing stock to … The post The American …

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How 2020 Brought Housing Challenges to the Foreground

Historically low interest rates and sustained strength in numerous economic sectors have helped jump the for-sale housing market this year. However, the housing industry is bearing a particularly harsh brunt of COVID-19—especially in terms of a scarcity of affordable rental housing, unequal access to good-quality homes, and vulnerability of much of the housing stock to … The post How 2020 …

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FHFA Announces Milestone Toward Ending Conservatorships

The Federal Housing Finance Agency (FHFA) released a final rule to the Federal Register for publication today that establishes a new regulatory capital framework for Fannie Mae and Freddie Mac, also known as the Enterprises. The final rule makes changes to the proposed rule that was published in the Federal Register on June 30 of … The post FHFA Announces …

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FHFA’s Final Rule for Fannie Mae and Freddie Mac

The Federal Housing Finance Agency (FHFA) released a final rule to the Federal Register for publication today that establishes a new regulatory capital framework for Fannie Mae and Freddie Mac, also known as the Enterprises. The final rule makes changes to the proposed rule that was published in the Federal Register on June 30 of … The post FHFA’s Final …

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Purchase Market Stays Strong; 2020 Refi Volume Crushed 2019; Lower Rates Today

Despite a healthy upward bump in purchase applications, overall mortgage volume declined last week. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of application volume, dipped 0.3 percent on a seasonally adjusted basis during the week ended November 13, and was down 2 percent unadjusted. The week’s results were not adjusted to account for the Veterans’ …

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Forbearances vs. Natural Disasters: Lessons in Damage Mitigation

The forbearance rate during the early part of the COVID-19 pandemic was roughly identical to the rate recorded during the devastating 2017 hurricane season that ravaged regions throughout the Gulf Coast and Atlantic Coast, according to new research published by Freddie Mac. During the pre-pandemic period of January 2019 to February 2020, the forbearance rate … The post Forbearances vs. …

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