-
After regulators deemed special-purpose credit programs compliant with housing law, their numbers have grown, but lenders are still trying to determine the best way to develop them and achieve their intended purpose.
October 26 -
By the end of this year, origination volume at HFAs will come in at approximately $29 billion, close to pre-pandemic levels, according to a new Moody's report.
October 23 -
Providing support to affordable rental developments is a key component in the Biden administration's efforts to increase housing supply.
October 17 -
Property owners willing to restrict rental income will qualify for the terms of this new product originated by Delegated Underwriting and Servicing mortgage bankers.
October 13 -
Amplify Credit Union in Austin provided funding for the construction of 28 tiny homes to create more affordable housing in Round Rock, Texas. Several banks had previously shot down the project.
October 13 -
Designated mortgage professionals who can work in community outreach as well as regular monitoring of program outcomes are also important components that will help programs meet goals, industry leaders say.
October 13 -
The San Antonio-based lender is introducing new products targeted at borrowers who make less than 80% of their county's median income. The loans, which will qualify for Community Reinvestment Act credit, could help expand access to the state's increasingly expensive housing market.
October 12 -
The Federal Housing Administration could increase the limits for loans it insures in this market, a congressional oversight agency said in a new report.
October 4 -
The government-sponsored enterprise has created a Spanish-language version of its HomeView program.
September 28 -
Housing costs grew to an average of $2,632 during the four weeks ending Sept. 10, according to a Redfin report.
September 18