HUD Signs on to Historic Climate Declaration at United Nations Buildings and Climate Forum
Last week, at the United Nations Buildings and Climate Forum in Paris, France, representatives from the U.S. Department of Housing and Urban Development (HUD) presented their initiatives to decarbonize and
Freddie Mac Multifamily Apartment Investment Market Index Finishes 2023 Up Nationwide Despite Fourth Quarter Decline
The Freddie Mac Multifamily Apartment Investment Market Index® (AIMI®) experienced a decline in the fourth quarter of 2023, yet it showed an overall increase for the year, indicating improved investment
Mortgage Rates Dip Down
On March 7, 2024, Freddie Mac announced the results of its Primary Mortgage Market Survey® (PMMS®), revealing that the 30-year fixed-rate mortgage (FRM) averaged 6.88 percent. Sam Khater, Freddie Mac’s
Ahead of the State of the Union, President Biden Highlights the Administration’s Investments in Affordable Housing and Plan to Lower Housing Costs for Working Families
Today, as President Biden prepares for the 2024 State of the Union address, the White House released a new fact sheet showcasing the efforts of the U.S. Department of Housing
NAR Thanks President Biden for Addressing Affordable Housing Supply in SOTU
The National Association of Realtors® expressed its gratitude towards President Biden for addressing the affordable housing crisis in his State of the Union speech. The 2024 NAR President, Kevin Sears,
Fannie Mae Provides Day 1 Certainty; New Enhancement Further Streamlines Mortgage Origination Process for Lenders and Homebuyers
Fannie Mae (FNMA/OTCQB) has announced new enhancements to its Desktop Underwriter® (DU®) automated underwriting system, aimed at simplifying the mortgage origination process for lenders and homebuyers. Starting March 29, 2024,
HUD Makes $10 Million Available to Support New Homebuyers and Bridge Wealth Gap
The Office of Housing Counseling under the U.S. Department of Housing and Urban Development (HUD) has announced the availability of $10 million in grant funding for eligible HUD-approved housing counseling
Second Century Ventures Opens Applications for 2024 REACH Commercial Program
Second Century Ventures, the strategic investment arm of the National Association of Realtors®, has announced the opening of applications for its 2024 REACH Commercial technology growth program. Recognized as the
January Consumption Contracts, While Pending Sales Retreat from Higher Mortgage Rates
The Bureau of Economic Analysis (BEA) reported that the Gross Domestic Product (GDP), adjusted for inflation, experienced a growth of 3.2 percent on a seasonally adjusted annualized rate (SAAR) in
Fannie Mae Executes First Credit Insurance Risk Transfer Transaction of 2024 on $9.0 Billion of Single-Family Loans
Fannie Mae announced the execution of its first Credit Insurance Risk Transfer (CIRT) transaction for the year 2024, labeled CIRT 2024-L1, effectively transferring $355.6 million of mortgage credit risk to