“In 2023, Freddie Mac Multifamily was proud to again surpass our ambitious affordable housing goals, despite significant headwinds facing the overall market,” said Kevin Palmer, Head of Multifamily for Freddie Mac.
Read More »The Week Ahead: Calculating AI’s Impact on the Housing Industry
An upcoming Senate Banking Committee hearing will discuss with a panel of experts the growth of artificial intelligence and how its usage in the housing marketplace will be regulated as AI continues to evolve at a rapid pace.
Read More »National Property Preservation Conference Returned to Washington, D.C.
The annual National Property Preservation Conference once again brought together a cross-section of field services vendors, mortgage servicing professionals, and representatives of government agencies and the GSEs to “discuss pressing issues and develop solutions.”
Read More »Freddie Mac: Mortgage Rates to Continue ‘to Drift Downward’ in the New Year
Freddie Mac reports a slight one basis-point rise in the 30-year, fixed-rate mortgage to begin 2024, with rates moving sideways as the market digests incoming economic data for the new year. Here’s what they expect for the months ahead.
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 »U.S. Home Prices Gain for Ninth Consecutive Month
Data compiled by S&P Dow Jones Indices has shown that 11 of the 20 major metro markets reported month-over-month price increases in October, with Detroit keeping pace as the fastest growing market nationwide.
Read More »Lower Mortgage Rates Boosting Buyer Confidence
Mortgage rates continue to drop to close out 2023, a positive turn of events for potential buyers after 17 consecutive weeks with rates above the 7% mark.
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 »Planet Home Lending Adds New VP, Construction Loan Manager
Mortgage lender seeks to expand it construction loan volume in 2024 with the addition of 20-plus year industry veteran Melony Harpe.
Read More »High Interest Rates Hindering Homebuyer Mobility
While the combination of high home prices and interest rates continues to price many potential buyers out of the market, homebuyer mobility has stalled as a result as well. Riordan Frost, Senior Research Analyst for the Joint Center for Housing Studies, reveals the latest predictions surrounding homeowner mobility and what it would take to recover.
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