McKernan (pictured right) comes to FHFA from the Department of the Treasury, where he was a senior policy advisor and was involved in the development of the Treasury Housing Reform Plan released in September. Prior to Treasury, he advised Sen. Bob Corker (R-TN) on housing finance reform and financial services issues, including Sen. Corker’s bi-partisan effort to negotiate housing finance reform legislation. Before serving in the federal government, he was counsel at Wilmer Cutler Pickering Hale and Dorr LLP.Redfin report highlights slump in sales, yet a glimmer of hope as new listings tick up.
As mortgage rates hover near their highest in two decades, a new report by Redfin reveals that U.S. home prices have climbed 3% year over year in the month leading to Sept. 17. Consequently, the typical monthly housing payment for Americans has surged to unprecedented levels...
Western states lead in adoption as homeowners seek short-term relief.
With the average 30-year, fixed-rate mortgage hitting a 21-year peak in August, homeowners face added affordability challenges, as reported by Freddie Mac. In response, some borrowers are turning to mortgage buydown points as a strategy to temporarily lower monthly payments,...
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