Bringing 25-plus years of experience to his new role, David Sparks will help in identifying and growing strategic relationships with affordable housing assistance providers to offer new programs for Waterstone Mortgage customers.
Read More »Sliding Mortgage Rates Renew Buyer Interest in November
Pending home sales in November remained the same as October 2023's report, however NAR expects that to change as the downward trend in mortgage rates is expected to shift home sales upward to close out 2023.
Read More »FHFA Increases the LIHTC Cap for GSEs
Under new deal, Fannie Mae and Freddie Mac will be allowed to invest up to $1 billion annually in the Low-Income Housing Tax Credit market as equity investors.
Read More »The Impact of Inventory, Rates, and Down Payments on the American Dream
The average down payment now takes nearly 7.5 years to save up, and the effect that stat is having on the market is adding to the number of cost-burdened Americans nationwide.
Read More »Racial Lending Disparities at Nation’s Largest Credit Union?
A CNN analysis of CFPB lending data reveals that Navy Federal Credit Union has been denying people of color home mortgages at rates much higher than seen elsewhere.
Read More »Down Payment Assistance Under the Microscope
Miki Adams, President of CBC Mortgage Agency, discusses how the performance on FHA-insured loans is impacted when down payment assistance is utilized.
Read More »MPA Names New Principal Advisor
Thirty-year industry veteran and former Bank of America, Radian, Wells Fargo, PwC, Fannie Mae, and KPMG exec joins D.C.-based strategic advisory firm to support client-development strategies.
Read More »Proposed Bipartisan Legislation Seeks to Improve Housing Affordability
The Workforce Housing Tax Credit Act would help to close the homeownership gap by establishing a middle-income housing tax credit, which is estimated to finance approximately 344,000 affordable rental homes.
Read More »Fed Forgoes Holiday Interest Rate Hike
As widely expected by many, the Federal Open Market Committee chose to leave the nominal interest rate alone moving into next year, based on a litany of data.
Read More »Congress Examines Governmental Barriers to Housing Affordability
The House Financial Services Committee recently gathered a panel of housing experts to analyze affordability challenges in the housing marketplace, with a focus on governmental barriers such as zoning policies that have exacerbated these issues.
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