How global events jeopardize fair housing (and what you can do)
Dr. Lee Davenport draws on both historical context and current events to describe how the latest news can impact the application of fair housing laws and policies
by Lee Davenport Oct 23
FHA will consider rent from ADUs when qualifying borrowers
HUD says policy change is intended to help more first-time homebuyers, seniors, and inter-generational families tap the wealth building potential of homeownership
by Matt Carter Oct 19
Insurers 'dodged a bullet' as Hurricane Idalia slams rural areas
Mortgage giants Fannie Mae and Freddie Mac outline relief for victims, including forbearance allowing loan servicers to suspend collection of mortgage payments for up to 12 months
by Matt Carter Sep 1
Will chatbots make housing discrimination worse?
New artificial intelligence technology can recommend real estate listings based on neighborhoods' ethnic makeup. Experts are worried about the tech's potential for discrimination
by Jim Dalrymple II Jun 20
Audits find fault with help provided to FHA borrowers during pandemic
Loan servicer Mr. Cooper is 'deeply disappointed' that the HUD OIG audit focused on problems it says were mostly technical, rather than on borrower outcomes
by Matt Carter Jun 15
Housing starts post rebound in April but inventory remains tight
Housing starts rose 2.2% month over month in April, as homebuyers increasingly turn to new construction to combat low inventory in the resale market, the US Census Bureau reported
by Lillian Dickerson May 17
New-home sales soar to 1-year high in March as purchases leap 9.6%
The strong monthly uptick in sales marked the fourth-straight month of increases as homebuyers eased back into the market and adjust to higher mortgage rates, according to new Census data
by Lillian Dickerson Apr 25
Tenants in jeopardy as rent hikes outpace value of rental vouchers
No metro in the US held enough vouchers to meet soaring demand, with Miami and other cities in Florida standing out for disparities between available vouchers and renters who need them
by Ben Verde Apr 18
Real estate industry welcomes FHA premium cuts, with caveats
Premium cuts are expected to save borrowers $678M a year but don't apply to existing loans or release homeowners who have built up equity from 'life-of-loan' requirements
by Matt Carter Feb 23
federal flood insurance lapse
Study led by economists at the Environmental Defense Fund identifies some surprising regions, such as Appalachia and northern New England, as overvaluation hotspots
by Matt Carter Feb 16
New-home sales continue modest rise — but market 'lull' lies ahead
New-home sales rose 5.8% to a seasonally adjusted rate of 640,000, according to data released Friday by the US Census Bureau and Department of Housing and Urban Development
by Ben Verde Dec 23
After 2-year ordeal, FHA borrowers can now buy private flood insurance
The Department of Housing and Urban Development on Monday prevailed in expanding flood insurance choices for homebuyers with Federal Housing Administration-insured mortgages
by Marian McPherson Nov 22
Industry groups renew push for lower FHA mortgage premiums
Black Homeownership Collaborative also asks HUD to ditch a 'life of loan' requirement that forces homeowners to continue paying mortgage insurance premiums in perpetuity
by Matt Carter Oct 17
Congress closer to prodding VA to update appraisal requirements
The Department of Veterans Affairs allows desktop appraisals when borrowers put 20% down, but nearly 90% of VA-backed loans are made to homebuyers who put zero down
by Matt Carter Sep 15
Real estate trade groups prod Biden to cut annual FHA premiums
The NAR, MBA and NAHB argue that the Federal Housing Administration is flush with cash, and that delinquency rates on FHA loans have returned to pre-pandemic lows
by Matt Carter Sep 14