First-time homebuyers play a critical role in sustaining the housing ecosystem. This research from Freddie Mac uses a new methodology to evaluate the local affordability for future first-time homebuyers, including a unique way to calibrate the affordability measure by race and income groups.
Horton, who stepped back from an executive role at his company D.R. Horton in October, died suddenly on Thursday.
A recommendation to give Ginnie Mae expanded authorities is drawing focus in the reactions to a Financial Stability Oversight Council report on nonbank risks.
The April and May announcements from the U.S. government, down payment assistance firms and lenders on easing the homeownership affordability crunch.
Rohit Chopra, director of the Consumer Financial Protection Bureau, said Friday that the agency will be moving forward with rules and enforcement actions after the defeat of a Supreme Court challenge to the agency's constitutionality.
Roam Boost eases the path for FHA and VA mortgages held by sellers to be assumed by the buyer.
The House Financial Services Committee passed eleven bills, including a Democratic-sponsored bill on homeless veteran housing and a Republican-led package on bank regulation.
