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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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
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Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
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Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
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