CHLA voices support for attorney opinion letters to FHFA

The Community Home Lenders of America (CHLA) submitted a letter to the Federal Housing Finance Agency (FHFA) expressing its support for the use of attorney opinion letters (AOLs) on Wednesday.In the letter addressed to FHFA Director Sandra Thompson, the CHLA says that it supports the use of AOLs in
Read MoreDataDigest: Mortgage rates aren’t causing delinquencies. Disasters are

In September 2022, the 30-year fixed mortgage rate averaged 6.1%, according to Freddie Mac data. Fast-forward one year, and the rate averaged 7.2%, an expensive difference for many homebuyers (rates have since started to drop).But compare mortgage delinquencies over the same period: 2.8% in Septembe
Read MoreHousing Forward appoints new president

Housing Forward, the leading organization fighting homelessness in Dallas, appointed Sarah Kahn as interim president and chief executive officer, the nonprofit announced on Tuesday.Kahn starts her new role on Dec. 21. Her appointment comes on the heels of former president and CEO Joli Angel Robinson
Read MoreAmid housing slowdown, new construction grew most in exurban areas in Q3

In the third quarter of 2023, single-family and multifamily home construction grew in outlying areas instead of urban centers.That’s according to the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI). Released quarterly, the HBGI gauges housing construction growth in
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