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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.
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.
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.