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The Altadena story, from Jackie Robinson’s home to ground zero

Housing Wire

In the 1960s, Black residents werent qualified for mortgages in places like Altadena. As a result, thousands of Black homes and businesses were destroyed and those that chose to stay behind were subjected to noise and auto emissions, according to a research report by the UCLA Institute of Transportation Studies.

Insurance 355
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Mortgage rates fall as labor market normalizes

Housing Wire

Everyone was waiting to see if this week’s jobs report would send mortgage rates higher, which is what happened last month. From the Fed: In the week ended March 2, initial claims for unemployment insurance benefits were flat, at 217,000. Jobless claims show an expanding economy that has not lost jobs yet. percent, the U.S.

Marketing 511
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Massachusetts budget features programs to support seniors, aging in place

Housing Wire

These include home- and community-based care designed to support aging in place ; community councils on aging to better assess the needs of older residents; funds for outreach and counseling resources for seniors who have mental health needs; and more allocations for the state’s health insurance program. Councils on aging will receive $1.4

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FHA borrower fee gridlock draws ire of industry

Housing Wire

The Federal Housing Administration ’s (FHA) decision to withhold a mortgage insurance premium cut has confounded mortgage policy experts and industry stakeholders. based consultancy Potomac Partners , which specializes in the mortgage finance industry. “To

Insurance 468
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HUD affordability plan doesn’t include lowering FHA premiums

Housing Wire

billion manufactured home purchase mortgages in 2021, according to HMDA data. HUD offers insurance for manufactured housing mortgages under its Title I program, which is more than 50 years old. In May, more than three dozen independent mortgage banks urged the FHA to cut mortgage insurance premiums.

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Cooling inflation in February brings hope that Fed rate hikes are over

Housing Wire

The year-over-year increase can be attributed to large annual jumps in the indexes for transportation services (+10.2%), energy services (+13.3%), and food (+9.5%). Transportation services jumped 1.1% The current uncertainty brings an upside to the housing market: mortgage rates are in a downward trend. in January.

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Inflation cooled further in March, but shelter costs are still high

Housing Wire

Indexes that contributed to the annual increase were food (+8.5%), motor vehicle insurance (+15.0%), household furnishings and operations (+5.6%), recreation (+4.8%), and new vehicles (+6.1%). Higher mortgage rates have slowed demand by pricing some would-be buyers out of the market,” Sturtevant said. compared to March 2022.