Mortgage originators in disaster-prone areas should monitor the trends that could lead to a sustained rise in property insurance premiums, according to advisory firm SitusAMC.

Institutional investors have several advantages compared to owner-occupant borrowers when it comes to purchasing homes that need substantive repairs.

The Downpayment Toward Equity Act, sponsored by Sen. Raphael Warnock, D-GA, would grant up to $25,000 in assistance to first-generation homebuyers. Its fate, though, depends on the final size of the Build Back Better Act.

First-time homebuyers accounted for over half of the purchase mortgages securitized by Fannie, Freddie and Ginnie in the second quarter, and private MIs are taking a bigger share.