FHFA, Ginnie Mae update financial eligibility requirements for sellers, servicers
Reading Time: 3 minutesThe Federal Housing Finance Agency (FHFA) and Ginnie Mae have updated their minimum financial eligib… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
First-time buyers paid a 13% premium on home purchases, Clever reports
Reading Time: 2 minutesFirst-time buyers paid a median price of $510,000 for their home purchases in 2021 and 2022, roughly… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Housing starts plummet in July to 17-month low
Reading Time: 2 minutesNationwide housing starts dropped to a 17-month low in July, according to the most recent data from … Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Share of home purchases funded with ARMs vaults significantly
Reading Time: 2 minutesAs would-be homebuyers look for ways to combat eroding affordability, adjustable-rate mortgages (ARM… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Industry Watch: CMG Financial rebrands retail division, Panorama Mortgage Group adds Lone Peak Lending and more
Reading Time: < 1 minuteLoanDepot is shuttering its wholesale mortgage business, the California-based lender announced. CMG … Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Homebuying competition drops near pandemic-era low, Redfin reports
Reading Time: 2 minutesWith affordability issues still turning many buyers away from the market, competition continues to d… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Notable mortgage industry hires and promotions, Aug. 8-12
Reading Time: 2 minutesFannie Mae appointed Cissy Yang as senior vice president and chief audit executive, effective S… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Frustrated first-time homebuyers may find relief in these five ‘oases of affordability’
Reading Time: 2 minutesHousing demand has seen more than its fair share of softening of late as high home prices, rising mo… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Apartment rent growth continues to cool in July
Reading Time: 2 minutesThe recent cooling of apartment rent growth further accelerated in July, with the average multifamil… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
‘Stale’ housing inventory grows for first time in pandemic era
Reading Time: 2 minutesHomes are still flying off the market at a historic pace, but according to Redfin, a growing percent… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
