Affordable housing

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.

This issuance follows a similarly-sized transaction the bank made in October 2020 and includes several of the same participants.

It was the biggest annual gain since 2013, Attom Data Solutions found.

Housing market participants are evenly split on whether rising prices will keep buyers out of the market or draw more sellers in, Zillow said.

The Duty-to-Serve goals currently under review drew some objections from a coalition of affordable housing groups last year.

For the past five months, single-family house prices were up by at least 18% compared to monthly averages in 2020, but by next November, increases should sink below 3%, CoreLogic said.

The current patchwork approach to financing the retrofitting of low-income apartment buildings is one of the key issues that should be addressed, the company’s report found.

Economists at Realtor.com and Redfin predict that across the country, rents will grow about 7% in 2022, higher than the predicted 3% growth in median home listing prices.

The government-sponsored enterprise has 45 days to submit a plan on how it intends to meet the increased target for 2022 through 2024.

A Dallas policy that is supposed to tackle affordable housing shortages doesn't do enough to address systemic racial and economic barriers residents face, according to a new report.

Now that the Department of Housing and Urban Development clarified that participating in these programs does not create a fair lending violation, lenders and fair housing advocates wonder whether more mortgage lenders will actually participate.

Former principal economist at the Federal Housing Finance Agency does the math on how the changes impact the missions of Fannie Mae and Freddie Mac.

The agency must raise its upper and lower levels in tandem with the new conforming loan limits by law.

GOP opposition and a packed Senate agenda have delayed the vote on Julia Gordon as head of the Federal Housing Administration. But industry representatives say that with FHA delinquency rates still elevated and loan forbearance plans expiring, there's an urgency for Congress to confirm her by year-end.

Democrats’ $3.5 trillion social policy package would appropriate over $300 billion for housing-related measures, including down payment assistance for first-time homebuyers. But those provisions could be on the chopping block as centrists try to trim the bill’s price tag.