A first-of-its-kind look at research on the link between affordable housing and children's well-being has found that decent, affordable rental and owned homes play a critical role in improving the lives of children.Enterprise Community Partners and the Center for Housing Policy, which released the research survey, argued that the results show that housing should be elevated "to its rightful place" on the national agenda. "This comprehensive analysis provides real insight into the many ways in which quality, affordable housing can help in addressing this nation's health and educational challenges," said Jeffrey Lubell, executive director of the Center for Housing Policy. The study indicates that children of homeowners and their families achieve better physical and mental health than renters. Approximately 85% of homebuyers reported that homeownership made them feel better about themselves, indicating "a strong correlation between homeownership and overall health and well-being" mostly tied to housing stability, which "plays a key role in helping children do better in school."
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Mortgage loan application volume jumped 7.1% on a seasonally-adjusted basis last week, the Mortgage Bankers Association said.
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Shareholders' equity topped $105 billion as net income rose 16% from the previous quarter and nearly matched year-ago results.
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The Federal Open Market Committee is expected to announce guidance on the end of its quantitative tightening program later Wednesday. As that process draws to a close, experts are questioning when and how the central bank should use its balance sheet to smooth economic stress in the future.
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The Consumer Financial Protection Bureau is rescinding two rules issued under former CFPB Director Rohit Chopra that required nonbanks to register court orders, plus terms and conditions of contracts.
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While Rocket Mortgage's satisfaction score improved by 4% versus 2024, the industry as a whole dropped 1%, with credit unions outpacing banks and IMBs.
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Late-stage mortgage delinquencies hit the highest level since January 2020 in September, a new report from VantageScore found.
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