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.
President Donald Trump's proposed budget would nix funding for Community Development Financial Institutions in minority heavy areas while expanding it for rural areas.
Atlantic Trust Mortgage was recently dealt another legal blow after a federal judge in Michigan refused to dismiss UWM's All-In lawsuit against the brokerage.
The administration is pitching a $26.7 billion reduction to the regulator's funding for rental assistance, public housing and elderly and disability housing.
Even though Motto Mortgage has 8% fewer open offices than a year ago, executives touted franchise renewals with owners committing to another seven years.
The tool's launch comes as various sources report growth in both serious borrower delinquencies and foreclosure activity over the first few months of 2025.
Industry payrolls wavered in a tepid buying season in which total employment has been better than expected given government cuts.
