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But low mortgage rates and higher wages are allowing borrowers to meet conforming loan underwriting terms — at least for now.

Also: The MBA gets two new vice presidents, Sagent adds a sales veteran and the Amherst Group hires an MBS portfolio manager.

The 30-year average climbed six basis points after falling to a monthly low a week earlier.

Eric Taussig is Prialto's founder and CEO. He speaks and writes about the future of work, the global workforce, and employee happiness issues. His ideas have been featured on National Public Radio and in places like Huffington Post, Entrepreneur Magazine, and Inc. Magazine.

Biden administration appointees moved quickly to highlight climate change risks and unwind Trump-era regulatory relief and housing finance measures. These regulators and lawmakers will have a seat at the table as the progressive shift in banking policy continues.

Borrowers accepting federal loan modifications saw payments on principal and interest reduced between 27% and 33%, according to estimates by the Federal Reserve Bank of Philadelphia.

When finalized, the sections to the Single Family Housing Policy Handbook 4000.1 will replace some 150 Mortgage Letters issued over the years.

About 40% of likely purchasers are delaying or cancelling their activity, a Redfin survey found.

The National Association of Realtors’ index of pending home sales decreased 2.2% from a month earlier to 122.4, according to data released Wednesday.

Imran Syed is a managing director of energy services at Source Advisors and has more than 20 years of experience in sustainability and energy-efficient buildings. He is a registered Professional Engineer, Certified Energy Member, LEED AP, HERS Rater, NGBS Verifier and Energy Star partner.