HousingWireHousingWire By at least one measurement, affordability is improving for prospective homebuyers, even as home prices continue to rise and mortgage credit availability remains relatively low. According to data released Thursday by the Mortgage Bankers Association (MBA), the median payment for purchase loan applicants declined by 0.8% from August to…
Continue reading →HousingWireHousingWire It’s been one year since the Sitzer/Burnett verdict was rendered in Missouri. What has changed for real estate brokerages since then? (Image generated by AI in Midjourney) Editor’s note: This is the fourth in a series of articles that will explore the effects of the landmark Sitzer/Burnett case, which was decided on…
Continue reading →HousingWireHousingWire The Federal Housing Finance Agency (FHFA) on Thursday said it will aim to simplify the process of funding affordable housing projects through the Federal Home Loan Banks (FHLBanks). The advisory bulletin came in response to comments by sponsors that have called the process too cumbersome. “Each of the 11…
Continue reading →HousingWireHousingWire The real estate industry is racing to find ways that artificial intelligence (AI) can improve business practices. ClearValue Consulting thinks it’s found a way. The firm has partnered with Restb.ai to bring computer vision to its valuation review platform called Certainty. The companies hope Restb.ai’s technology can help ClearValue’s…
Continue reading →HousingWireHousingWire Ginnie Mae acting president Sam Valverde has been operating in his current position at the government-owned company for much of 2024. He is overseeing the sizable government portfolio of mortgage-backed securities (MBS) while navigating the company’s stated need for more budgetary resources. But he has also stepped into his…
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