Senator inquiring about HMBS program clinches gubernatorial nomination

U.S. Sen. Mike Braun (R-Ind.), who recently submitted a series of questions to Ginnie Mae about its management of the Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program following the collapse of Reverse Mortgage Funding (RMF), clinched the Republican nomination for governor of I
Read MoreHome prices grew in 93% of markets in Q1 2024: NAR

Home prices trended up in almost all U.S. metro areas during the first quarter of 2024. Out of 221 metro markets analyzed, 205 (93%) posted yearly home price gains in Q1 2024, while 30% experienced double-digit price gains during the same period — up from 15% in the fourth quarter of 2023 — accordin
Read MoreHow housing credit is shaping housing inventory
Housing credit channels directly impact housing inventory channels. What does that mean? Home prices escalated out of control after 2020 and when we look at why that happened, we can see that housing credit mattered more to inventory data than most people realize. Let’s see how this has played out i
Read MoreMcCargo appointed as CEO of FHLBank of San Francisco

The Federal Home Loan Bank (FHLBank) of San Francisco, one of the 11 regionally based, wholesale suppliers of lendable funds to financial institutions, announced on Wednesday that it has appointed former Ginnie Mae President Alanna McCargo to serve as its new CEO effective June 10.McCargo was the fi
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