Affordable housing

The agency is currently using upper ceilings set in the Housing and Economic Recovery Act of 2008.

Buyer interest waned as mortgage rates increased in the same month this year, CoreLogic found

But those looking for news about a possible reduction in the mortgage insurance premium are still waiting.

The Federal Housing Finance Agency got an earful from housing experts at a listening session intended to aid a comprehensive review of the financing system.

SPCPs are posed as an equitable housing solution but hesitation and confusion about them is persistent in the mortgage industry, housing finance experts said.

When voters in Oakland, Berkeley and South San Francisco receive ballots in the mail next month, they'll be asked whether their cities should be allowed to help build more desperately needed affordable housing.

Both companies have rolled out tools that allow for communications to take place entirely in Spanish if the customer desires.

Special-purpose credit programs figure prominently in the recently released equitable housing finance plans of Fannie Mae and Freddie Mac.

The announcement comes as interest in Federal Home Loan bank funding has experienced a resurgence, with advances up 48% in the first six months this year.

Privately funded down payment assistance programs help address the racial wealth gap in a safe and responsible fashion, leaders of the Cedar Band of Paiutes, the Lower Brule Sioux and the Rosebud Sioux write.

In a market dominated by sky-high home prices, sellers looking to take the path of least resistance may be overlooking DPA borrowers.

By leveraging establishing relationships and engaging stakeholders, mortgage companies can play a part in alleviating the home availability and affordability strain, writes the president and CEO of the Federal Home Loan Bank of San Francisco.

The largest affordability crunch seen in years and increased secondary-market options make it more pressing and feasible to pilot financing for the lowest-cost manufactured homes, Urban Institute research suggests.

The median prices for the most sought-after metro areas were on average $128,000 lower than in the city the buyer was leaving, Freddie Mac's study of Loan Product Advisor data found.

The system may be good for the banks that own it, but it is not meeting its public mission.