Congressional vote on “de facto QM Patch” postponed

The House Financial Services Committee postponed a vote on H.R. 2445 on Wednesday, a bill that would fix the so-called QM Patch that’s set to expire in early 2021. “We see postponement as disappointing as ensuring lenders can rely on GSE underwriting systems is key to keeping credit box from

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Guaranteed Rate Affinity brings back Jon Altizer

Residential mortgage company Guaranteed Rate Affinity, a partnership created between Realogy and Guaranteed Rate, announced Friday the hiring of Jon Altizer as senior vice president of mortgage lending. Altizer has previously worked at Guaranteed Rate for nine years. He has 20 years of mortgage lending experience. “It’s great to have

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Starter homes may be making a comeback

A survey by the National Association of Homebuilders this fall revealed that 80% of American households now believe the nation is suffering from a housing affordability crisis.  Even more recent, a report last week by the National Association of Realtors revealed that more than 30% of first-time homebuyers used down

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Multifamily rents gain 3.2%

Multifamily rent growth remained positive in October, a new report from YardiMatrix said. Multifamily rent increased by just $1, to $1,476. Year over year rent growth remained at 3.2%. (Image courtesy of RentCafe. Click to enlarge.) Of the 30 major markets covered in the report, 17 saw year-over-year rent growth

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Mortgage rates rising? Look again

The information technology revolution continues to break old assumptions behind economic modeling. We’re in uncharted waters — though the leaders at the Federal Reserve have some theories and data.   Read More

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AOC and Bernie Sanders reveal green housing plan

Green New Deal policies and housing policies are beginning to merge. Rep. Alexandria Ocasio-Cortez (D-NY) and Senator Bernie Sanders (D-VT), announced yesterday the launch of their “Green New Deal for Public Housing.” This bill promises $180 billion over 10 years to cut carbon dioxide emissions from public housing across the

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Minority homeownership gains on low mortgage rates

Mortgage rates near three-year low are helping to boost homeownership rates for black and Hispanic Americans, the National Association of Home Builders said in a blog post on Friday. The minority homeownership rate rose to 48.3% in the third quarter, up almost a percentage point from a year earlier, the

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