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Freddie Mac Expands Income Data Sourcing to Include Tax Transcripts

Freddie Mac Expands Income Data Sourcing to Include Tax Transcripts

by Phil Hall | Aug 3, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Freddie Mac (OTCQB: FMCC) has updated its automated income assessment tool to include tax transcripts as a new data source.  According to the government-sponsored enterprise, the enhancement will provide lenders with another tool to better automate income assessments...
Guest Opinion: A Possible Plan to Increase the Housing Stock While Improving Affordability

Guest Opinion: A Possible Plan to Increase the Housing Stock While Improving Affordability

by Barbara G. Johnson | Aug 2, 2023 | Guest Opinion, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The housing supply has fallen to a historic low. Builders have not been able to keep pace with demand, resale stock is in short supply due to many social and economic factors, and the demand for housing from the millennial generation continues, with a younger...
Capital Square Launches LLC Offering to Fund Single-Family BFR Development Near Phoenix

Capital Square Launches LLC Offering to Fund Single-Family BFR Development Near Phoenix

by Phil Hall | Aug 2, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Capital Square, a sponsor of tax-advantaged real estate investments and developer of housing communities, has launched Capital Square Glendale BFR LLC with the goal of raising approximately $49 million in equity to develop a 320-unit, build-for-rent (BFR)...
Mortgage Application Activity Slows Again

Mortgage Application Activity Slows Again

by Phil Hall | Aug 2, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity slowed during the past week, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the trade group’s measurement for mortgage loan application volume, dropped by 3% on both a seasonally adjusted...
Zillow and Redfin Partner on New-Construction Listings Endeavor

Zillow and Redfin Partner on New-Construction Listings Endeavor

by Phil Hall | Aug 1, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Zillow Group (NASDAQ:Z, ZG) is teaming with Redfin (NASDAQ:RDFN) in a strategic partnership designed to expand the reach of home builder listings on Zillow and while allowing Redfin customers to explore a broader range of new-construction homes for sale. Builders...
FHLBank Indianapolis Increases HomeBoost Allocation to $2.5 Million

FHLBank Indianapolis Increases HomeBoost Allocation to $2.5 Million

by Phil Hall | Aug 1, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) has allocated $2 million in additional funds for its pilot HomeBoost down payment assistance program designed to expand minority homeownership. HomeBoost was announced by the bank in early July with an...
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