As Ginnie Mae celebrates its 55th anniversary, its mortgage-backed securities portfolio outstanding grew to $2.44 trillion in July 2023, assisting more than 57,000 first-time homebuyers achieve the American dream of homeownership.
Read More »Wildfires, Property Values, and San Diego
How wildfire risks impact property values in San Diego County.
Read More »Home Purchase Sentiment Improves, But Few Believe It’s a Good Time to Buy
Despite those surveyed reporting job stability and personal financial improvements, Fannie Mae’s Home Purchase Sentiment Index still shows 82% of consumers reporting that it’s a “bad time to buy.”
Read More »HUD Issues Updates on Solar Programs
Updates from the Department support the expanded use of solar program benefits for assisted housing residents, tying into the Biden Administration’s Inflation Reduction Act.
Read More »Yellen Reacts to Fitch Ratings Downgrade of U.S., GSEs
Precipitated by Fitch’s downgrade of the sovereign rating of the U.S., many in the industry voiced their opposition to the downgrade of Fannie Mae and Freddie Mac’s rating from 'AAA' to 'AA+.’
Read More »Freddie Mac to Use Tax Transcripts as Income Verification
Multiple years of applicant tax data will help lenders precisely calculate income quickly, expanding options for income verification.
Read More »HUD Issues $370 Million in Choice Neighborhoods Implementation Grants
HUD has awarded eight communities with grants geared toward the promotion of innovative collaboration necessary to tackle lingering affordability issues in the housing space.
Read More »HUD Announces Expansion of Its Moving to Work Demonstration Program
The Department is seeking to grow its Move to Work initiative, a program that improves housing choices for low-income families.
Read More »GAO Issues Analysis of FEMA’s Risk Rating 2.0
In a new report measuring the effectiveness of Risk Rating 2.0, the GAO focused on the actuarial soundness of the program, how premiums are impacted, affordability concerns for policyholders, and implications for the private market.
Read More »Former Senior CFPB Attorney Launches New Firm
ormer CFPB Senior Counsel Colgate Selden partners with Alan Lindeke to bring a combined 40-plus years of senior legal, risk, compliance, and executive leadership roles to new law firm.
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