FHFA: First Quarter 2017 Foreclosure Prevention Report
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its first quarter Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 49,104 foreclosure prevention actions in the first quarter of 2017, bringing the total number of troubled homeowners helped since conservatorships to nearly 3.9 million. Of the foreclosure…
HUD: June is National Healthy Homes Month
WASHINGTON – In an effort to help families keep their kids healthy and to reinforce the connection between a family’s health and their home, the U.S. Department of Housing and Urban Development (HUD) is kicking off the second annual National Healthy Homes Month. Throughout the month, the goal is to raise awareness for what makes…
Federal Reserve: Is The Rent Too High? Aggregate Implications of Local Land-Use Regulation
June 2017 Is the Rent Too High? Aggregate Implications of Local Land-Use Regulation (PDF) Devin Bunten Abstract: Highly productive U.S. cities are characterized by high housing prices, low housing stock growth, and restrictive land-use regulations (e.g., San Francisco). While new residents would benefit from housing stock growth in cities with highly productive firms, existing residents…
HUD: National Homeownership Month Kicks Off
WASHINGTON – The Trump Administration proclaimed June as National Homeownership Month, a time to reflect upon the impact owning a home has on household wealth, neighborhood stability and the nation’s broader economic health. The theme of National Homeownership Month 2017 is “Find Your Place in a New Era of Homeownership.” Read the President’s Homeownership Month Proclamation….
FHFA: Index Shows Mortgage Rates Decreased in April 2017
Washington, DC – Nationally, interest rates on conventional purchase-money mortgages decreased from March to April, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 3.97 percent for loans closed in late April, down 15 basis points from 4.12…
FHFA: Request for Input to Improve Access to Credit for Qualified Mortgage Borrowers with Limited English Proficiency
Washington, DC – The Federal Housing Finance Agency (FHFA) today issued a Request for Input on issues facing qualified mortgage borrowers with Limited English Proficiency (LEP) throughout the mortgage life cycle process, including lending and servicing. FHFA’s 2017 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions, requires Fannie Mae and Freddie Mac (the…
FHFA: U.S. House Prices Rise 1.4 Percent in First Quarter
Washington, D.C. – U.S. house prices rose 1.4 percent in the first quarter of 2017 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 6.0 percent from the first quarter of 2016 to the first quarter of 2017. FHFA’s seasonally adjusted monthly index for March was up 0.6 percent…
HUD: Trump Administration Proposes 2018 HUD Budget
WASHINGTON – The Trump Administration today announced the proposed 2018 Budget for the U.S. Department of Housing and Urban Development (HUD). The Budget reflects the President’s commitment to support HUD’s critical functions that provide rental assistance to low-income and vulnerable households and to help work-eligible families achieve self-sufficiency. The President’s 2018 Budget continues to provide…
HUD: New Residential Sales for April 2017 Report
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau today jointly announced the following new residential sales statistics for April 2017: NEW HOME SALES Sales of new single-family houses in April 2017 were at a seasonally adjusted annual rate of 569,000, according to estimates released jointly today by…
CFPB: Making the Decision to Rent or Buy
Buying a home is exciting. It’s also one of the most important financial decisions you’ll make. Choosing a mortgage to pay for your new home is just as important as choosing the right home. You have the right to control the process. Check out our other blogs on homebuying topics, and join the conversation on Facebook…