Affordable housing

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.

The vote was 51-50 in favor, with Vice President Kamala Harris breaking a tie as opposition by Republicans continued.

The Mortgage Bankers Association's Purchase Applications Payment Index reached a high in March, a consequence of rising prices and interest rates.

The bank’s grant programs include providing funding to increase housing developer diversity and for counseling services.

The agency is conducting its first price review for Fannie Mae and Freddie Mac products since 2015 to make sure they are generating viable returns. The acting director said that is just one of many questions that must be answered before the enterprises can be privatized.

Down payment assistance programs allow lenders to take concrete action to promote the Mortgage Bankers Association's "Home for All" initiative. Chrane details the issues to navigate in using them.

The Purchase Applications Payment Index was 8.3% higher in February compared with January and 22% over the same month in 2021, the Mortgage Bankers Association found.

A record share of Americans anticipate that rents will go up over the next 12 months, according to Fannie Mae data going back to 2010.

The grants are given directly to counseling agencies in a dollar-for-dollar amount up to $125,000.

These standalone properties make up nearly half of all rental units and the financing of them by Fannie Mae and Freddie Mac should reflected in the Federal Housing Finance Agency's affordable housing goal calculations, writes Manchester.

The record amount is largely a reflection of the two banner years the mortgage market recently enjoyed, but it’s also one of the smallest gains seen in recent years.

If approved, the new loan would unlock $120 million in badly needed funds for the sprawling Bronx multifamily complex.

Former principal economist at the Federal Housing Finance Agency Paul Manchester breaks down how the targets have been calculated and discusses the implications for the set determined for 2022 to 2024.