Housing affordability

Recent housing trends more favorable to buyers will ease some of the pressure for higher down payments in order to secure a winning bid, Redfin finds.

With today's low inventory, an MIP reduction would again be absorbed into home prices, offering no real relief to buyers, write the co-directors of the AEI Housing Center.

The state's insurance commissioner made the change following analysis of title industry profits and expenses in Texas provided by its stakeholders.

The company, which became a depository in 2022, will be offering affordable housing products and initiatives in 45 states and the District of Columbia.

Mortgage companies are looking for ways to open up credit to more borrowers, but insurance-cost spikes have made a difficult situation more challenging.

Mortgage trade groups responded to the executive order by proposing potential solutions such as having the FHA cut the mortgage insurance premium and reining in third-party service providers.

The latest plans include details on promoting housing development in underserved areas and increasing secondary market access to rural institutions.

The median monthly payment amount for new purchases moved higher for the first time in six months, according to the Mortgage Bankers Association.

The rezoning plan, known as City of Yes for Housing Opportunity, passed a key City Council subcommittee hurdle Thursday after the vote was delayed more than six hours while council members tweaked controversial aspects of the deal.

The study found nonbank lenders charging the highest interest rates and most points, and fintech pricing more in-line with depositories.