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The Federal Housing Administration (FHA) this week announced that its FHA Connection (FHAC) portal — which provides FHA-approved lenders and business partners with secure online access to computer systems at the U.S. Department of Housing and Urban Development (HUD) — will be updated to accommodate the implementation of a new…
Continue reading →Toronto-based HomeEquity Bank (HEB), Canada’s leading reverse mortgage lender, announced that Katherine Dudtschak has assumed the role of CEO following the retirement of her predecessor, Steven Ranson. Ranson announced his retirement earlier this year, effective June 30. Dudtschak assumed the CEO responsibilities the following day after preparing to take the…
Continue reading →Affordability in the housing market is as bad as it’s been in more than three decades — and relief isn’t coming this year. That’s the conclusion of First American’s Real House Price Index (RHPI) report for May, which shows a 9% year-over-year decline in affordability. The increase in the RHPI…
Continue reading →Today’s housing market suffers from affordability issues due to mortgage rates in the 7s and high home prices. People are quick to panic over any part of the housing market that looks stressed, fearing we’ll see 2008 levels of destruction all over again. But while home sales are trending at…
Continue reading →The housing market in Bergen County, New Jersey, is far from immune to the ills that are plaguing housing markets throughout the country. High mortgage rates have locked homeowners into the significantly lower rates they got years ago. The result is a low level of inventory that’s pushing home prices…
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