Souring mortgage bonds that aren’t backed by the government continued to cause heartburn for some of the Federal Home Loan Banks during the second quarter. Two banks reported second-quarter losses in part because of larger loss provisions for the so-called private-label mortgage securities.
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Some housing pundits report the demand for housing is strong, while these same pundits, on another day say that we are in a housing affordability crisis. Can the two narratives be accurate at the same time? If not, which is one is true? HousingWire Columnist Logan Mohtashami takes a deeper dive.
Building permits for single-family homes rose to a 12-year high in January as homebuilders began shifting into high gear amid a property shortage.