The U.S. Senate Committee on Banking, Housing and Urban Affairs held a hearing on Thursday that focused on the reauthorization of the National Flood Insurance Program (NFIP), showing that its bipartisan support is generally intact. But senators also expressed concerns about affordability after a new

People say that housing leads the economy into a recession: this is true when new home sales and housing permits fall together. When that happens, the builders start laying off workers before the national economy goes into a recession. This is one reason I raised my fifth recession red flag for Hous

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac announced this week the release of their “Mission Index,” updating or expanding their single-family social bond framework to better communicate the goals of the index to stakeholders and investors. The GSEs issued separate announceme

Fannie Mae has announced updates to its HomeReady product, including a temporary $2,500 credit for very low-income purchase borrowers to use for down payment and closing costs. Another step the government-sponsored enterprise took was to enhance the best efforts commitments on HomeReady loans. It al