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Rogers met with HousingWire to discuss his new role and cover a variety of topics, including artificial intelligence (AI), climate risk and land development. NP: You work directly with land developers too. What sort of policies are you helping to develop on their end? This interview has been edited for length and clarity.
As the industry works to support the American Dream of homeownership, ensuring clear lines of communication between mortgage industry stakeholders and their government partners is more critical than ever. The 15th Annual Five Star Government Forum , set for Wednesday, April 16 from 8:00 a.m.-5:00 5:00 p.m., 5:00 p.m.,
Department of the Treasury ’s Community Development Financial Institutions (CDFI) Fund announced on Wednesday that it has awarded 48 organizations a total of $246.4 million to develop affordable housing and community facilities. territories including Guam and Puerto Rico.
Department of Housing & Urban Development (HUD) will co-host the “Mortgage Market Resilience and Access to Credit Summit” on Tuesday, October 15 at HUD’s headquarters. Census Bureau Advance Monthly Retail Sales (Thursday) Freddie Mac Primary Mortgage Market Survey (Thursday) U.S. Ginnie Mae and the U.S.
Last weeks level of purchase applications was its highest since the end of January, driven by a 3% increase in conventional purchases, while government purchase applications were down 2%, said Joel Kan , MBAs vice president and deputy chief economist.
Over 20 years ago, the federal government established June as National Homeownership Month to celebrate the value of homeownership and its benefits, including enabling generational wealth and creating strong communities. Americans are growing weary of the lack of action from the federal government on housing. Mary Lynn T.
HousingMarket Supply and Demand: An analysis of housing inventory trends and construction pressures affecting pricing and availability. HousingMarket Supply and Demand: An analysis of housing inventory trends and construction pressures affecting pricing and availability.
Mortgage professionals are no exception – whether you find yourself tweeting for work or in your free time, you may also want to follow accounts for people and organizations that are relevant to the industry in order to stay up-to-date on the latest news about the housingmarket. economy and specializes in the housingmarket.
10262, co-sponsored by Chairman McHenry, directing the federal financial regulators to study the present and potential benefits and risks of AI as it relates to the financial and housingmarkets. 1600, cosponsored by Ranking Member Waters, acknowledging the growing use of AI in the financial services and housing industries. “I
On Twitter today, the Minneapolis Fed tweeted out a quote from one of their recent articles : “9th District apartment construction is expected to slow down soon as number of construction permits sought by developers fall. Twin Cities has seen the worst decline while some cities in Greater MN, MT, and SD fare better.”
New Hampshire s hot housingmarket has spiraled the Granite State into crisis mode. But as the states population has grown, its housing supply which was already beginning to tighten more than a decade ago has failed to keep pace. And if our employers are not able to scale at the rate they want here, they may look elsewhere.
Cathy Moore, a member of the Seattle City Council , described her general approach to housing issues as one that’s skeptical of developers intentions and centered on a belief that the government should do more. For state Sen. Feedback on the proposals has included pushback from some local leaders.
Buyers are willing to make compromises to find the best possible home for their families, said NAHB Chairman Buddy Hughes, a home builder and developer from Lexington, N.C. Home Builders Adapt to HousingMarket Conditions Due in part to concerns about housing affordability, home builders are building smaller homes.
Builder survey index From the National Association of HomeBuilders (NAHB): Builders continue to face elevated building material costs that are exacerbated by tariff issues, as well as other supply-side challenges that include labor and lot shortages, said NAHB Chairman Buddy Hughes, a homebuilder and developer from Lexington, North Carolina.
Auction.com has released its 2025 Distressed Market Outlook , which forecasts foreclosure auction volume decreasing 8% in 2025 as a baseline scenario. The forecast also incorporates two other less likely scenarios with differing macroeconomic and housingmarket assumptions.
metro areas that are embracing new development and “creating a more diverse and plentiful supply of homes.“ The report delves into the “Yes in My Backyard“ (YIMBY) movement , which involves numerous strategies to improve housing supply and lower the cost of living for homeowners and renters alike. Washington, D.C.,
With low housing inventory and rapid home-price growth, homeownership can seem less and less attainable for several groups of potential homebuyers. HousingWire sat down with Radian CEO Rick Thornberry to learn more about the state of the housingmarket and how Radian is helping further homeownership.
After nearly three years of doom and gloom in the mortgage industry, housing experts — including Fannie Mae economists — are expecting interest rates to ease. So, I think that those couple of alternative strategies and the advent of more technological development has changed the degree to which you see the volatility across the cycle.
In this week’s episode of the Top Of Mind podcast, Altos Research President Mike Simonsen explores the housing affordability and supply crisis facing the U.S. Salim Furth joins Simonsen to share his expert opinions on the current housing crisis and the various factors that impact new development in certain cities.
Drawing on research that examines climate risk awareness, housingmarket dynamics, climate migration patterns, and demographic and socioeconomic shifts, Property Prices in Peril offers a forward-looking analysis of the Housing Price Index (HPI), property valuation trends, and localized Gross Domestic Product (GDP) impacts extending to 2055.
Fear of this outcome is why, for the better part of the past 12 years, ATR safe-harbor determinations were, in large part, simply punted to the black box underwriting systems of the government-sponsored enterprises Fannie Mae and Freddie Mac. The post The mortgage industry should build ATR rule governance appeared first on HousingWire.
housingmarket. Property insurance underwriting plays an important role in housingmarkets and the overall economy. It has evolved to become a highly regulated industry at the state level, unlike the housing finance system, which is largely regulated at the federal level. dollars using U.S.
A private planning firm in California is launching a new tool to help local governments there prepare for a pending law designed to spur more construction of accessory dwelling units (ADUs). Local governments are uniquely positioned to help residents through the daunting process of building an ADU.
According to the survey’s findings, more local community developers who buy at auction see the state of the market as a disadvantage rather than an advantage. The survey was conducted between Sept. 25 and 27 and received responses from more than 140 people who have purchased properties on Auction.com.
Senate in the hope of establishing a new grant program that would fund local government efforts to develop and implement housing policy plans. This legislation will give state and local governments critical resources to improve affordability and expand access to quality housing where it’s needed the most.”
Department of Housing and Urban Development (HUD) is considering employing cryptocurrency and blockchain technology to monitor the employment of agency grants, which some staffers believe could be a trial run for wider deployment of the technology across the federal government. I dont see any way this will help anything.
Refinance applications were down almost 6 percent last week and remain very sensitive to rate movements, as most borrowers have mortgages with lower rates.
The Underserved Mortgage Markets Coalition (UMMC), a coalition of 32 housing groups initially convened by the Lincoln Institute of Land Policy , published a report on Wednesday that recommended actions for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. mortgage finance system.
The 2025 Scorecard establishes objectives for the Enterprises to address affordability challenges in the housingmarket, facilitate greater supply and resilience of the nations housing stock, improve efficiency in mortgage processes, and promote sustainability in housing outcomes, says Sandra L.
Department of Housing and Urban Development ( HUD ). increase from the revised December rate of 651,000, it falls slightly below market expectations. The uptick in new-home sales underscores the persistent strength of demand in the housingmarket despite the challenges posed by winter weather. It also marked a 1.8%
The MCAI on conventional loans increased 4.8%, while MCAI on government loans increased by 0.1%. The uptick in credit supply comes as the housingmarket and economy continue to strengthen,” said Joel Kan, the MBA’s associate vice president of economic and industry forecasting.
“While the odds are stacked against this proposal ever passing Congress, a federal rent control law would be catastrophic to renters and our nation’s rental housingmarket.” Had such protections against rent gouging been in place then, many families could have avoided homelessness and stayed stably housed.”
Fannie Mae and Freddie Mac have published their three-year plans for improving housing opportunities in underserved markets and communities, the Federal Housing Finance Agency (FHFA), regulator of the GSEs, has announced. The goal is to advance equitable housing access in markets and communities facing persistent challenges.
Recognizing the most innovative technology providers in the mortgage industry, MortgagePoints Tech Excellence Awards highlight the companies that have developed cutting-edge solutions, improved operational efficiencies, and have enhanced the mortgage process through technology.
HUD, with its sizable asset portfolio, is a major factor propelling the REO market. Department of Housing & Urban Development (HUD) asset managers and suppliers are to discuss an important source of business in the next market cycle at the panel.
The new GSE market section aligns with the language used in USPAP Standards 1 4, which govern residential appraisal development, reporting, and review. On a side note, neighborhood does appear in Standard 5 that is relevant to Mass Appraisal Development.
Housing completions were at a rate of 1.045 million in April, just 0.1% million — proof that builders are delaying housing starts due to the marked increase in costs for lumber and other materials, said Mike Fratantoni, Mortgage Bankers Association ‘s chief economist. above the March rate of 1.04
California’s SB 1157 has made a significant impact on the lives of tenants in subsidized housingdevelopments. For the past two years since the law went into effect, residents of these housingdevelopments have had the opportunity to opt into rent reporting annually.
Department of Housing and Urban Development (HUD) could be muddied by city ordinances and state law in Florida banning public sleeping and camping, according to a local official with a federally funded homelessness agency. A key homelessness report issued every year by the U.S.
“As they depart, we are implementing our succession plans and streamlining our leadership structure to continue advancing our strategy and our mission to serve homeowners, renters, and the housingmarket as a whole,” Michael Heid, chair of Fannie Mae’s board of directors, said.
Mortgage rates continue to move lower this week even as higher borrowing costs have kept activity subdued across many areas of the housingmarket. And higher rates are also impacting the future supply of homes, as housing permits have been in a downtrend for a while.“ Data from the U.S. Census Bureau and the U.S. in 2025.
From a slower housingmarket to the industrywide business practice changes , there is no doubt that 2024 was a challenging year for real estate brokerages, but Anywhere Real Estate believes these challenges have helped to set it up for success in 2025. The brokerage giant recorded revenue of $5.7 to advocate for this and other issues.
Before delving deeply into them, it is important to get grounded in the numbers: The housingmarket is the country’s largest asset class, worth approximately $44 trillion. The market rose almost 20% in 2021, adding $7 trillion in value. Government policy innovation is similarly fraught though offers a great deal of potential.
Members of Advisory Committee on Affordable, Equitable, and Sustainable Housing include: Laura Arce , SVP, Economic Initiatives, UnidosUS Nikitra Bailey , EVP, National Fair Housing Alliance David N.
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