Homebuyers in the current Spring season are having to come up with larger monthly principal and interest payments, although a measure of relief might be on the way. The Mortgage Bankers Association Purchase Application Payment Index rose to $2,186 in April from $2,173 in March, although it is down from $2,256 one year ago. “Homebuyer […]
Monthly mortgage payments on the rise, but not for long Read More »
A coalition of elected officials across the country is calling on Congress to continue funding of affordable housing programs targeted for elimination by the Trump administration. Trump’s proposed fiscal year 2026 budget calls for the cancellation of the Community Development Block Grant and Home Investment Partnerships programs, both offered through the Department of Housing and
‘Reject Trump HUD cuts,’ city, state leaders tell Congress Read More »
New “zombie” property numbers from Attom show that to date they haven’t changed much despite a spike in foreclosure filings. Foreclosure filings jumped 14% in April compared to the same month the previous year, but property vacancies remained stable, according to Attom’s second quarter report. ICE Mortgage Technology’s recent report also noted a marked increase
Foreclosure filings up 14%, vacant property blight still low Read More »