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Small lenders and affordable housing groups issue joint GSE reform proposal

Small lenders and affordable housing groups issue joint GSE reform proposal

A guide to protect small lenders Small lender and affordable housing association groups worked together to create a joint release of GSE reform principles in order to ensure the safety of their respective members. The organizations that signed the 1-page list  of core common GSE reform principles include: Community Home Lenders Association, Community Mortgage Lenders of America, Leadership Conference on […]

May Housing Market Sets Records for Speed and Competition

May Housing Market Sets Records for Speed and Competition

U.S. home prices rose 6.8 percent to a median sale price of $288,000 in May, according to national realtor Redfin. Home sales increased 7.5 percent over last year, despite a long-standing shortage in the supply of homes. The number of homes for sale fell 10.9 percent, leaving just 2.7 months of supply, the lowest supply […]

Fannie Mae: Here’s how to bridge the gap on homeowner education

Fannie Mae: Here’s how to bridge the gap on homeowner education

In order to help borrowers be more prepared, and even expand the pool of eligible homebuyers, Fannie Mae explained homeowner education and housing counseling must play a critical role. However, the company explained consumers and even some lenders see homeownership education courses as simply an inconvenience. “Yet, homeownership education is often viewed by buyers as […]

New Orleans Cracks Down on Airbnb Rentals

New Orleans Cracks Down on Airbnb Rentals

The city of New Orleans sent out more than 400 notices of short-term rental infractions to 382 addresses since May 1. The city is preparing to manage permitting and infractions of ordinances room rentals and whole home using sites such as Airbnb, according to an article by Chelsea Brasted for The Times-Picayune. The new ordinances […]