Volumes

Quarter-over-quarter, the GSE reported that net income decreased $295 million in Q3 of 2023 over Q2, as Fannie Mae assisted with the purchase, refinance, or rental of 428,000 households in the third quarter. Read the full financials in our story after the link.

The Illinois Supreme Court has reversed the Third District’s holding in a case where a property owner was entitled to a refund for monies it paid for property taxes on land which the government seized in eminent domain proceedings. Click through to read details of the decision.

First American’s Data & Analytics division published a new report that shows home prices have found new highs for the sixth-straight month. Click here to see charts and year-over-year changes of the Home Price Index.

Including pending home sales numbers, the National Association of Realtors also updated its annual economic forecasts for 2023 and 2024. Click through to find out how much pending home sales numbers changed from last year and to view the NAR’s economic forecast.

Having a high-paying job doesn’t guarantee you can easily afford a place to live, especially in cities like San Francisco or New York City—even for those earning over $1M annually. Click through to find out where the standard 28% ratio of your monthly income goes the farthest.

Ted Tozer, former President of Ginnie Mae, has issued a paper via The Urban Institute detailing how Ginnie Mae could be utilized to support the nation’s housing system through the financing of independent mortgage banks. Click through to read Tozer’s entire proposal.

The standard down payment of 20% has done nothing but rise as this number is tied to home prices, which are also rising. Click through to find out where the cheapest down payments are...and the most expensive.

A new RE/MAX report spotlights which metros are seeing the most significant increases. Click through to read the full report and learn what other “seasonal trends” are in play.

An upcoming Five Star Institute webinar will explore how United Wholesale Mortgage works in conjunction with DocMagic to employ a digital lending process including eNotes for a modern, efficient, and secure way to process and manage mortgage loans.

Could this be the slowest home sales year in nearly 15 years? Click through to learn the factors that have been keeping buyers "in a bind all year.”