Housing authorizations and completions also increased on a monthly basis
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President Joe Biden is expected to speak more about his housing agenda for 2024 in a speech in Las Vegas on Tuesday.
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If mortgage rates rise to 7.5% or 8%, we will see a pretty dramatic increase in unsold inventory. But if rates finally fall, this inventory growth will reverse.
The move is being made to help bolster affordable housing supply in alignment with the housing goals of the White House.
According to HUD’s 2025 budget request, it is seeking $67 million for Ginnie Mae, an increase of $24.6 million from the level for 2024.
From more negotiations to the setting of list prices and an increased possibility of fair housing violations, industry leaders say agents will face many changes if the settlement is approved
The lender was already a client of ICE and its Encompass loan origination system
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