Source: Housing Wire — The Federal Housing Finance Agency (FHFA) finalized a rule on Monday that will require Fannie Mae and Freddie Mac to develop plans that would ensure upon their eventual exit from conservatorship, they won’t do any large scale harm to the...
Source: Housing Wire — While the first-time homebuyers welcomed news of a down payment assistance grant or tax credit, the mortgage industry and housing experts expressed deep skepticism. Two proposals under consideration in Congress aim to give first-time...
Source: Realty Biz News — A study has found that minorities and those burdened with student debt tend to purchase a proportionality higher number of lower-priced homes, and that leads to lost wealth accumulation over time, researchers say. The research was...
Source: Keeping Current Matters — The housing market keeps sailing along. The only headwind that could take it off course is the lack of inventory for sale. The National Association of Realtors (NAR) reports that there were 410,000 fewer single-family homes for...
Source: Realty Biz News — This week, the FHFA announced an upcoming program for low-income homeowners with government-backed mortgages to refinance at a lower rate in order to reduce the amount they have to pay back each month. FHFA said the program is aimed at...
Paul Chung Joins SJP Properties as Head of Acquisitions
