Affordable housing

Miami-Dade's housing affordability crisis is so dire, it now poses as much of a threat to the region as sea level rise, according to Florida International University's Jorge M. Perez Metropolitan Center.

The creation of new houses in Rochester, Minn., is on the decline.

Guild Mortgage, which originated loans on some of the first manufactured homes eligible for new lower-rate Fannie Mae financing, anticipates demand for this housing type will continue to grow this year.

As the affordable housing crisis comes to a head, the Mortgage Bankers Association put up opposition to the "not in my backyard" mindset by getting behind the Yes, In My Backyard bill introduced in the House of Representatives.

More than half of recent, as well as prospective, first-time homebuyers said purchasing a house was more difficult than it should be, according to a survey for Framework.

The proposed reforms of Fannie Mae and Freddie Mac have gotten all the attention, but the administration also wants to scale back the Federal Housing Administration, expand its capital cushion and adopt risk-based pricing. Some of the ideas have former agency officials concerned.

With the ongoing issue of the affordable housing crisis, the Mortgage Bankers Association got behind the Build More Housing Near Transit Act, a bipartisan bill introduced in the House of Representatives.

California Attorney General Xavier Becerra filed a brief Thursday in support of Oakland's lawsuit against Wells Fargo, alleging that the bank illegally discriminated against minority borrowers.

The Federal Housing Finance Agency is revising the multifamily loan purchase caps for the mortgage giants Fannie Mae and Freddie Mac to increase affordable housing.

The use of state housing finance agency down payment assistance programs is part of the solution to address the growing affordable housing gap, a Fitch Ratings report said.