Housing bill passes House, goes to Trump’s desk

Key insight: The housing package aims to cut red tape for housing construction, especially manufactured housing.  What’s at stake: The bill also includes a handful of closely watched community bank riders, including measures related to reciprocal and custodial deposits.  Forward look: President Donald Trump is expected to sign the bill without delay.  WASHINGTON — A […]

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Surfside collapse still squeezing condo mortgage access

Overnight on June 24, 2021, the Champlain Towers South building located in Surfside, Florida, partially collapsed, killing 98 people. Processing Content As a result, states enacted legislation to increase safety requirements around condominiums and the mortgage secondary market imposed tighter underwriting rules. Five years later, some say those rules have gone too far and are

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Housing shortage may shift to oversupply long-term: study

The post-financial crisis narrative of a housing shortage is starting to unravel.  Processing Content A combination of low immigration, limited population growth and aging boomers could lead to a flattening of housing demand in the next couple decades, according to a white paper published by the Mortgage Bankers Association.  “Over the past several years, growth

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