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 Community Home Lenders of America and the Community Associations Institute want the FHA to insure loans on condos approved by Fannie Mae and Freddie Mac.
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Most lenders said they had already priced in the widely-anticipated decision to cut short-term rates for 30-year home loans but other products will benefit.
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The deal for the Class A office building owner will be funded from Rithm's cash as well as liquidity on the balance sheets, plus possible co-investors.
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Mortgage applications saw a significant jump for the second consecutive week, as homeowners took advantage of plummeting rates, the MBA said.
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The government-sponsored enterprise is making changes to mortgage-backed securities and servicing disclosure files to support use of the advanced credit score.
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Underserved markets advocates also want to keep the 30-year mortgage and do more to expand rural and manufactured housing while preserving low cost homes.
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