Mortgage News

• 5 Reasons 2020 will be a Great Year!

  Today please enjoy the latest RESource.TV show where you’ll see 5 reasons Ryan Hills thinks 2020 is going to be a great year in Real Estate. Please visit the RESource.TV

  The post 5 Reasons 2020 will be a Great Year! appeared first on National Real Estate Post.

• FHA's Mortgage Insurance Fund Improvement Has Come a Long Way

  The Federal Housing Administration (FHA) released its annual Report to Congress several weeks ago, reporting significant improvement in its Mutual Mortgage Insurance (MMI) Fund. Late last week Brian D. Montgomery, FHA Commission and Assistant Secretary of the Department of Housing and Urban Development (HUD), testified regarding the report to a hearing of the House Financial Services Committee. Montgomery said the MMI's capital ratio increased to 4.84 percent in the 2019 fiscal year (FY2019) from 2.76 percent in FY2018, well above the 2.00 percent statutory minimum. Additionally, MMI Capital was $62.38 billion, an increase of more than $27.52 billion from FY 2018, and perhaps the highest ever.

   

   

• Home Purchase Sentiment Rebounds to Near Record Highs

  After a steep dive in October, America's attitude toward buying a home is on the rise again.  Positive answers to the question of whether it is a good time to buy on Fannie Mae's November National Housing Survey rose 11 percentage points to a net of 32 percent, 9 points higher than in November 2018 and its highest point since March 2018. That answer helped drive the Home Purchase Sentiment Index (HPSI) up 2.7 points to 91.5.  The index had declined the two previous months but is now up 5.3 points year-over-year and is close to returning to the all time high of 93.8 set in August. The HPSI is constructed from responses to six questions included in Fannie Mae's monthly National Housing Survey (NHS).  Half of the six index components moved higher in November.