News

NEWS: Today’s Renters Face Sacrifice and Angst

By Phil Hall November 14, 2019 An increase in rents across the country has create a new level of anxiety and challenge for households that do not own their residence, according to new data report from Zillow.  The new report, which was based on a survey of 13,000 households, noted that renters typically spend a larger…

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NEWS: Climate change could end mortgages as we know them

By Irina Ivanova November 8, 2019 Climate change could punch a hole through the financial system by making 30-year home mortgages — the lifeblood of the American housing market — effectively unobtainable in entire regions across parts of the U.S.  That’s what the future could look like without policy to address climate change, according to…

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NEWS:Congress considers fix to QM Patch

By Kathleen Howley November 11, 2019 Congress will consider legislation on Wednesday to fix the so-called QM Patch that permits some loans to borrowers with high debt levels to be considered Qualified Mortgages. The House Financial Services Committee is debating H.R. 2445 that gives originators the option of either relying on Appendix Q in the Qualified Mortgage…

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NEWS: Black Knight: Lower Interest Rates Boost Home Affordability to Three-Year High

October 08, 2019 MBA NewsLink Staff Black Knight, Jacksonville, Fla., said low interest rates reduced the national median income to make monthly principal and interest payments on the average-priced home in September to the most affordable level in three years. The company’s monthly Mortgage Monitor said as of the end of September, it now requires just…

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NEWS: Mortgage rates at 18%? That’s what we got the last time a president strong-armed the Fed

September 23, 2019 Kathleen Howley When the National Bureau of Economic Research speaks on a disputed economic issue, it’s a bit like squabbling siblings getting a ruling from a parent. NBER is widely accepted as the arbiter of economic cycles, setting the start and end dates of recessions and expansions. Now, NBER has weighed in on one…

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NEWS: Average U.S. rent climbs to $1,472 in August

September 16, 2019 Alcynna Lloyd America’s rental prices continued to grow in August, as RentCafé indicates the nation’s average rent increased $47 from the previous year. According to the company’s Apartment Market Report, the national average rent in August totaled $1,472. This is a 0.1% increase from the previous month, and also represents a 3.3% increase from the…

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