The nation’s largest credit union—Navy Federal—has been found to have “the widest disparity in mortgage approval rates between White and Black borrowers of any major lender,” according to a CNN study of CFPB lending data.
Read More »Ill Prepared and Living in a Flood Zone
Only a quarter of respondents living in medium-risk flood areas who participated in Fannie Mae’s Flood Survey were familiar with government-backed flood insurance plans, what they cover, and—more specifically—what they don’t cover.
Read More »Study: Breaking Down Economic Pain Points
A study conducted from July to September examined the overall health of the economy, with findings that identified pain points including regulatory fines and compliance obligations.
Read More »Federal Reserve Holds Rates Steady Moving Into the New Year
For the third meeting in a row, the Federal Open Market Committee chose to hold rates steady based on current market conditions and future predictions. Click through to find out the current interest rate and read a brief history of rate hikes since the pandemic began, as well as commentary from relevant economists and sources.
Read More »UPDATE: Q3 Commercial Delinquency Rates
CMBS See Large Uptick in Delinquencies Compared to Other Investor Groups
Read More »Fannie Mae Predicts Housing Growth
After interviewing over 100 highly placed and senior housing experts, most were positive and optimistic about future home price growth during calendar years 2024 and 2025.
Read More »Housing Sentiment Level Seems Stuck on a Plateau
“Over the past year, the HPSI has plateaued at a low level, evidence of persistent consumer pessimism regarding the state of the housing market,” said Doug Duncan, Fannie Mae SVP and Chief Economist.
Read More »Government Agencies Work together to ‘Decarbonize the Building Sector’
The least affordable markets were Anaheim and San Francisco, where homebuyers with the typical local income would’ve needed to spend over 80% of their pay on monthly housing costs. Detroit and Pittsburgh were the most affordable.
Read More »2023 Was the Least Affordable Year on Record. Will 2024 Follow Suit?
The least affordable markets included Anaheim and San Francisco, where homebuyers with the typical local income would’ve needed to spend over 80% of their pay on monthly housing costs.
Read More »Dollar by Dollar, Home Equity Builds into Something Great
According to First American Economist Ksenia Potapov, homeownership—and the equity that comes with it—is one of the most effective ways to build wealth.
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