FHFA leaving g-fees alone, revising primary mortgage insurance requirements

FHFA leaving g-fees alone, revising primary mortgage insurance requirements

Move will lower fees for riskier borrowers; change is ‘revenue neutral’

Housing advocacy groups call on FHFA, CFPB to investigate “pro-foreclosure” tactics

Groups cite Ocwen as leader in preventing mortgage defaults

Court filing reveals name of anonymous whistleblower in Zillow/Move lawsuit

Former Zillow VP of Strategic Partnerships wrote the letter
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Homeownership Now at 2000 Levels

According to research released by the US Department of Commerce Census Bureau, the rates of homeownership is dipping to levels not seen since the second quarter of the year 2000. The data indicates that gains in ownership obtained during the recent housing boom in the country are now gone. Currently, 67.3% of Americans own homes, according to the Census Bureau. This number peaked in Q105 at 69.1%. By comparison, the research found a historic low of 63.6% in the fourth quarter of 1985. Rates of homeownership are falling comparatively across racial lines since the boom ended. Today, as in 2006, blacks represent fewest mortgage borrowers, with 46.1% of the population currently owning their home. Hispanics followed at 48.6%, with the vague category of “all other races” experiencing a homeownership rate of 57.4%. 74.7% of adult whites own their homes. Write to Jacob Gaffney at jacob.gaffney@housingwire.com.

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