Fannie Mae Launches Underwriting Feature to Incentivize Homeownership
Fannie Mae added a feature to its automated underwriting system to incorporate consumers’ rent payments in the mortgage credit evaluation process. Beginning Sept.18, 2021, Fannie Mae’s Desktop Underwriter® (DU®) will enable single-family lenders—with...
Rate of Housing Inventory Declines Improving
New listings grew on a yearly basis in July for the fourth consecutive month, according to the latest realtor.com® Monthly Housing Report. While inventory is still low compared to last year—homes for sale declined 33.5% YoY in July—the rate of decline is improving. By...
Strong Job Growth an Indicator Forbearance Rates Will Decrease
The total number of loans now in forbearance decreased by 7 basis points from 3.47% of servicers’ portfolio volume in the prior week to 3.40% as of Aug. 1, 2021, according to the Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey. The MBA...
HUD Awards $30 Million to Assist Low-Income Elderly Homeowners
The U.S. Department of Housing and Urban Development (HUD) is providing $30 million to 32 nonprofit organizations, state and local governments, and public housing authorities to assist programs that make safety and functional home modifications and limited repairs to...
Strategies to Boost Your Content’s Visibility
What’s the point of having a social media game plan if your content isn’t getting in front of the right people? Here are a few ways to improve your brand’s visibility and reach on social media.
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