FHA or conventional? After LLPA tweaks, the calculus changes for some

The Federal Housing Finance Agency (FHFA) officially implemented an updated pricing framework for Loan-Level Price Adjustments (LLPAs) in May to improve homeownership prospects for first-time homebuyers with lower income and weaker credit scores. It’s a simple goal, but as is often the case in U.S. … Continue readingFHA or conventional? After LLPA tweaks, the calculus changes for some

FHA or conventional? After LLPA tweaks, the calculus changes for some

The Federal Housing Finance Agency (FHFA) officially implemented an updated pricing framework for Loan-Level Price Adjustments (LLPAs) in May to improve homeownership prospects for first-time homebuyers with lower income and weaker credit scores. It’s a simple goal, but as is often the case in U.S. … Continue readingFHA or conventional? After LLPA tweaks, the calculus changes for some

Mortgage rates trend down amid lower monetary, fiscal pressures 

Mortgage rates jumped last week amid a debt ceiling impasse and expectations of another federal funds rate hike. However, rates have started to reverse course over the last few days, following news of a debt agreement and signals that the Federal Reserve may pause hikes.  On … Continue readingMortgage rates trend down amid lower monetary, fiscal pressures 

Mortgage rates trend down amid lower monetary, fiscal pressures 

Mortgage rates jumped last week amid a debt ceiling impasse and expectations of another federal funds rate hike. However, rates have started to reverse course over the last few days, following news of a debt agreement and signals that the Federal Reserve may pause hikes.  On … Continue readingMortgage rates trend down amid lower monetary, fiscal pressures 

California Senate OKs bill for affordable housing on nonprofit-owned land

The California State Senate passed a bill this week that would permit the construction of affordable housing units on land owned by faith-based institutions and nonprofit colleges, even if local zoning ordinances and laws would normally prevent construction. The bill, introduced last December by Sen. … Continue readingCalifornia Senate OKs bill for affordable housing on nonprofit-owned land

California Senate OKs bill for affordable housing on nonprofit-owned land

The California State Senate passed a bill this week that would permit the construction of affordable housing units on land owned by faith-based institutions and nonprofit colleges, even if local zoning ordinances and laws would normally prevent construction. The bill, introduced last December by Sen. … Continue readingCalifornia Senate OKs bill for affordable housing on nonprofit-owned land