The U.S. homeownership rate fell to 63.9 percent in 2012, according to figures compiled by the Census Bureau through its American Community Survey. In case youre keeping tabs, its the fifth year in a row that the rate has gone south.
As the government shutdown continues and many federal workers go without pay checks, theres a growing concern that these potential borrowers will see their credit scores get dinged.
The implementation date for lower GSE loan limits is being shifted to the end of the first quarter, or so we hear. Meanwhile, Citadel enters the market for stand-alone seconds.