Homes that are not expected to be associated with high flood risk are becoming more so. Processing Content Properties in the United States are exposed to $375 billion to $1trillion aggregated uninsured flood losses, according to a recent report from Moody’s. These homes could pose a credit risk from rising property insurance costs and falling […]
Uninsured homes in flood-prone areas pose growing credit risk Read More »
New draft legislation in Congress would direct housing giants Fannie Mae and Freddie Mac to buy homebuilder construction loans and package them into bonds in the latest push to cut the cost of building homes and boost supply. Processing Content The bill was one of three filed on Thursday aimed at reforming the two government-sponsored
New bill calls for GSEs to buy and securitize construction loans Read More »
The 21st Century ROAD to Housing Act, hailed by industry leaders as the most significant housing legislation package in decades, would for the first time aggressively tackle the nation’s affordability crisis by targeting supply constraints rather than just demand. Michael Merritt, BOK Financial‘s senior vice president of customer care and default mortgage servicing, told HousingWire
BOK Financial’s Michael Merritt breaks down ROAD to Housing Act impact on homebuyers Read More »