Freddie Mac Sells $104 Million in Non-Performing Loans
Freddie Mac Awards Single Loan Pool in Latest Auction MCLEAN, Va., April 09, 2024 – Freddie Mac (OTCQB: FMCC) has successfully auctioned off 679 significantly overdue non-performing residential first lien
Fannie Mae Announces Sale of Non-Performing Loans
WASHINGTON, DC – Fannie Mae (FNMA/OTCQB) recently revealed its latest disposal of non-performing loans, as it continues to downsize its retained mortgage portfolio. This sale includes the twenty-fourth Community Impact
National Association of Realtors® Announces Partnership With SoFi
WASHINGTON (April 8, 2024) – The National Association of Realtors® (NAR) has partnered with SoFi, adding them to its REALTOR Benefits® program. This collaboration provides NAR members and their clients
Households May Finally Be Adjusting to Higher Mortgage Rates
In Washington, DC, the Fannie Mae Home Purchase Sentiment Index (HPSI) saw a slight decline of 0.9 points in March, settling at 71.9. This marks the first drop since November
HUD Investigation Finds Luxury Condominium in Puerto Rico Violates the Accessibility Requirements of the Fair Housing Act
SAN JUAN – The U.S. Department of Housing and Urban Development (HUD) has brought charges against several parties involved with the Quantum Metrocenter Condominiums (QMC) in San Juan, Puerto Rico.
HUD Awards $83 Million to Boost Local Affordable Housing and Community Development
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) has announced an $83 million allocation to three key organizations to enhance affordable housing and community development for low-income
HUD Awards $13.5 Million in Grants to Expand Access to Homeownership Opportunities
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) has allocated $13.5 million in grants to aid non-profit organizations that offer self-help housing programs for low-income families and
Mortgage Rates Continue to Show Little Movement
“According to Sam Khater, Freddie Mac’s Chief Economist, mortgage rates have remained relatively stable this week, with the average rate hovering around 6.8 percent. Since the beginning of 2024, the
Fannie Mae Executes Two Credit Insurance Risk Transfer Transactions on $22.0 Billion of Single-Family Loans
Fannie Mae announced the completion of two Credit Insurance Risk Transfer transactions, CIRT 2024-L2 and CIRT 2024-H1, transferring $709 million of mortgage credit risk to private insurers. According to Rob
NAR Honors Fair Housing Month, Announces 2024 Fair Housing Champion Award Winners
On April 3, 2024, the National Association of Realtors® (NAR) and Realtor.com® celebrated Fair Housing Month by awarding three individuals the Fair Housing Champion Award at the event titled “Many
Millennials Reclaim Position as Largest Group of Home Buyers
Millennials have emerged as the predominant demographic among home buyers, representing 38% of purchases, a notable increase from 28% last year. This development, highlighted in the National Association of Realtors®
HUD Commemorates National Fair Housing Month
WASHINGTON – Today, Adrianne Todman, the Interim Secretary of the U.S. Department of Housing and Urban Development (HUD), made a statement to mark Fair Housing Month and to celebrate the
HUD Awards Over $30 Million to Fight Housing Discrimination
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today announced the allocation of over $30 million in grants to fair housing organizations nationwide as part of its
Mortgage Rates Drop Slightly
On March 28, 2024, Freddie Mac announced a slight decrease in the 30-year fixed-rate mortgage (FRM) average, reporting a reduction to 6.79 percent, according to the results from its Primary
Biden-Harris Administration Announces $173 Million to Make Homes More Energy Efficient and Climate Resilient for Low-Income Americans as Part of President Biden’s Investing in America Agenda
The U.S. Department of Housing and Urban Development (HUD) has announced a significant allocation of $173.8 million in grants and loans as part of its Green and Resilient Retrofit Program
Pending Home Sales Rose 1.6% in February
In February, the National Association of REALTORS® reported a 1.6% increase in pending home sales, indicating a modest improvement in the housing market. This uptick was seen in the Midwest
Fannie Mae Releases February 2024 Monthly Summary
Fannie Mae’s (FNMA/OTCQB) Monthly Summary for February 2024 has been released. This report provides detailed information on Fannie Mae’s activities throughout the month and cumulatively for the year. It covers
HUD Closes $17.7 Million Rental Assistance Demonstration (RAD) Transaction to Improve 100 Rental Homes in Cumberland, MD
The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing recently announced the completion of a significant Rental Assistance Demonstration (RAD) transaction with the Housing Authority of the