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FHFA Shaves Affordable Housing Goals for Fannie and Freddie
As part of the Federal Housing Finance Agency (FHFA) overseeing the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, the FHFA is required to set annually updated benchmark goals for how the GSEs’ mortgage purchases will help contribute to affordable housing for lower-income households. On Tuesday, December 23, the FHFA set its enterprise benchmark housing…
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Average Time Saving for a Down Payment Now Seven Years: Realtor.com
A down payment on a home is a crucial part of the financial hurdle that homebuyers need to pass before they can think of closing, but in the current market, how long of a wait is that? According to the latest report from Realtor.com®, the current average for saving for a down payment on a…
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Home-Price Growth Sees Its Weakest Reading in Two Years
Home-price growth remained weak in October, with experts pointing to continued inflation and elevated mortgage rates as the cause, according to the latest data. The October S&P Cotality Case-Shiller Home Price Index found that home-price growth posted a 1.4% annual gain, slightly up from a 1.3% rise in the previous month. Nicholas Godec, head of…
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Home-Price Growth Sees Its Weakest Readings in Two Years
Home-price growth remained weak in October, with experts pointing to continued inflation and elevated mortgage rates as the cause, according to the latest data. The October S&P Cotality Case-Shiller Home Price Index found that home-price growth posted a 1.4% annual gain, slightly up from a 1.3% rise in the previous month. Nicholas Godec, head of…
The post Home-Price Growth Sees Its Weakest Readings in Two Years appeared first on RISMedia.
How a Dubious Appraisal Can Deep-Six a Deal and Cost You a Commission
It’s all smiles because the work is done. You’ve expertly guided a client through the long and winding home-buying process to the point where they’ve found what they want and made an offer that was accepted. They’re happy, the seller’s happy, and you’re happy. All that remains are the usual mundane details. What could go…
The post How a Dubious Appraisal Can Deep-Six a Deal and Cost You a Commission appeared first on RISMedia.
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