Realtor.com’s latest Cross-Market Demand Report shows nonlocal demand outpacing local interest in 87 of the top 100 metros, underscoring a more mobile and connected housing market.
As nonbanks make and service the majority of mortgage loans and, in contrast to traditional banks, do not accept deposits to fund loans or assist in enduring financial stress, instead depending on short-term funding to finance their operations, the General Accounting Office’s WatchBlog examines a recent report on the growth and monitoring of nonbanks in the mortgage market.
Secretary Scott Turner announced HUD has streamlined and simplified guidance for nonpayment of rent in HUD-subsidized housing and eliminated a regulation that required public housing agencies and property owners receiving HUD funding to provide a 30-day written notification for nonpayment of rent prior to eviction.
Council of Federal Home Loan Banks President Ryan Donovan and Policy
Economist John Comeau discuss affordability pressures, advance demand
trends, regulatory scrutiny, and the growing impact of mortgage lock-in.
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