Brena Swanson is the Digital Reporter for HousingWire.com, providing expert coverage on Millennials, lending and housing. Brena joined the HousingWire news team in February 2013, also serving in the roles of Reporter and Content Specialist. Brena graduated from Evangel University in Springfield, Missouri. Follow Brena on twitter at @BrenaSwanson.
The lumber war between the U.S. and Canada goes way beyond the new tariff on lumber, U.S. Commerce Secretary Wilbur Ross announced on Monday. So what is the main industry using lumber from Canada? The housing market. Here’s how it looks broken down to dollars and cents.
More talks of reforming the government-sponsored enterprises are starting to surface as the Trump administration promises to make reform a priority. Once again differing from other reform options out there, the Independent Community Bankers of America penned their version of how GSE reform should take place. So which option works best for reform?
The full version of the Republican-led Financial CHOICE Act, which aims to replace Dodd-Frank, is finally out after a lot of buildup on its coming release. So, as the hearing date to discuss it nears, more Republican representatives are vocalizing their opinions against Dodd-Frank and the Consumer Financial Protection Bureau and fight for the Financial CHOICE Act.
RE/MAX and HouseCanary announced a collaboration to provide agents with exclusive data. HouseCanary is a real estate analytics company that provides values and forecasts for more than 18,000 U.S. residential markets and 100 million properties. Want to know what a home will be worth in two years? RE/MAX agents now know.
Lenders and homebuyers might need to prepare for potential roadblocks in the homebuying process if the government does shutdown after April 28. Yes, lenders handle the main decision of if a borrower gets a loan, but there are key parts of the mortgage process that rely on government workers.
President Donald Trump signed one executive order and two presidential memoranda on Friday, affirming once again that he plans to roll back many of the regulations put in place in the aftermath of the financial crisis. Unlike a broader past executive order designed to roll back the Dodd-Frank Wall Street Reform Act, Friday’s executive memorandum focused on the orderly liquidation authority part of Dodd-Frank.
Harbour Portfolio Advisors remains in the hot seat as it faces another investigation into its foreclosure sales practices. The city of Cincinnati announced a lawsuit against the company, one of the nation’s largest sellers of foreclosed homes, due to unpaid fines and alleged failure to properly maintain dozens of homes.
After looking back at its fair lending priorities for 2016, the Consumer Financial Protection Bureau highlighted which areas will be top priorities for 2017. So what’s at the top of the list? Mortgages. The bureau explains where it is ramping up its efforts in its latest annual Fair Lending report.
Nearly eight years of conservatorship turned talks of reforming Fannie Mae and Freddie Mac into a myth - one that the industry might discuss but doesn't believe will actually happen. So what’s the main factor stopping GSE reform? No one really understands it. This problem is exactly what the Mortgage Bankers Association is trying to fix.
On Sept. 6, 2008, the Federal Housing Finance Agency placed Fannie Mae and Freddie Mac into conservatorship. Nearly nine years later, the largest trade group in the mortgage finance space, the Mortgage Bankers Association, released a white paper to stay in front of the housing reform conversation and address one of the thorniest issues: how to transition to a new system.
Build to rent allows investors to buy newly built homes and rent them out instead of selling them. Because the homes are new, investors are able to charge higher rent prices and tenants often stay in the home for longer periods of time. But the question remains: Why would builders move into the rental market during a time when homes are selling quickly and at higher prices than any time in the past decade?
Today the average student debt resulting from a four-year degree stands at $30,000. According to a report released by American Student Assistance in 2015, 71% of non-homeowners surveyed who carry student debt say the burden of monthly payments has kept them from purchasing a home. More than half of those say their student debt loads will likely prevent home ownership for another five years.
Currently, institutional investors control approximately 170,000 properties (a relatively small portion of the overall SFR space, which is dominated by smaller investors, and estimated to include 11 to 13 million properties). KBRA reports that 105,000 properties have been included in the 26 single-borrower deals done to date, which suggests there are somewhere north of 60,000 properties that could still be securitized.