Investment

Due to continued liquidity constraints in the reverse mortgage space, Ginnie Mae has begun exploring a new securitization product that would accept HECM loans with balances above 98% of FHA’s Maximum Claim Amount.

The number of homeowners with relatively low rates has fallen because many have given up on waiting to move until rates fall, and everyone who did so had to take out a rate at above 6%.

This as the commercial and multifamily mortgage origination markets enter 2024 on unstable footing, with a new MBA poll reporting that 90% of respondents described today’s market as either “somewhat” or “very unsettled.”

Redfin reports that an increase in December housing supply has led to rising vacancies, motivating landlords to lower asking rents, which fell nearly 1% from a year earlier.

Seven industry trade groups have reached out to members of Congress to support the full funding of both the FHA and Ginnie Mae for Fiscal Year 2024 to enable the ongoing commitment to affordable homeownership initiatives.

The Five Star Institute, in partnership with Xome, recently hosted a webinar focusing on strategies and initiatives to help boost access to affordable housing nationwide.

Sumit Sasidharan joins Angel Oak as its new Head of Commercial Real Estate, where he will lead the firm’s CRE platform, focusing on growing, managing, and expanding the firm’s permanent and bridge-loan financing solutions.

A new paper from Better Homes and Gardens’ Real Estate Professionals weigh in on upcoming trends that will be popular in 2024.

In a recent speech before the New England Council, Sen. Elizabeth Warren calls for big national investment to lower housing costs nationwide, while fortifying protections for both renters and families.

A new analysis from Matic has found that continued challenges may lie ahead in the home insurance landscape in 2024, as record premiums and increased deductibles continue to impact mortgage lenders.