Is this you? As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
Claim your profile
Articles by Mark Palim
Mortgage Lenders See Immense Value in Simplifying and Standardizing Closing-Cost Descriptions
Closing costs are fees and charges paid by borrowers in connection with the closing of a home purchase or a mortgage refinancing.1 Examples include mortgage origination fees, borrower credit report fees, appraisal fees, title insurance premiums, settlement fees, and real estate agent commissions.
Fannie Mae Now Collects First-of-Its-Kind LGBT Data Through National Housing Survey
With the introduction of sexual orientation and gender identity (SOGI) identifiers in the National Housing Survey® (NHS), Fannie Mae can now survey consumers who identify as Lesbian, Gay, Bisexual, and Transgender (LGBT) regarding their attitudes, intentions, and financial circumstances that pertain to housing and mortgage markets. In this first report, we analyzed data collected in 2023.
Fannie Mae Perspectives - 2023 Archive
Most Renters Want On-time Rent Payments Factored into Their Credit Scores November 14, 2023 by Nancy Atwell Multifamily Chief Operating Officer - Senior Vice President Read the article » 'Lock-in Effect' Not the Only Reason for Housing Supply Woes October 30, 2023 by Mark Palim Vice President and Deputy Chief Economist Market Research Advisor, National Housing Survey Lead Read the article » A Look Back: 10 Years of Credit Risk Transfer October 19, 2023 by Devang Doshi Senior Vice President,...
'Lock-in Effect' Not the Only Reason for Housing Supply Woes
An unintended consequence of the policy response to the COVID-19 pandemic was a dramatic decline in mortgage rates that allowed millions of homeowners to refinance their mortgage at rates well below current levels. Additionally, as housing needs changed and mortgage rates moved lower, home sales jumped, growing approximately 14% from 2019 to 2021 compared to a much slower 1% increase from 2018 to 2019. In 2022, mortgage rates doubled.
Workplace Flexibility May Help Address Affordability Concerns
The COVID-19 pandemic greatly impacted many aspects of everyday life, perhaps few more markedly than where we choose to work and live. Earlier this year, we surveyed renters and owners to see how work and housing preferences have evolved since the onset of the pandemic. To track how attitudes may have changed, where possible, we repeated questions from prior iterations of our National Housing Survey®, including some dating back as far as 2010.
Looming Recession and Housing-Market Correction on the Table in 2023
Dispatchist News from around the globe in real time Client login News Sources Countries People Categories Organizations While home sales are likely to take a hit this year compared to the peak of the pandemic, but experts see a rebound coming down the pike.
What are the biggest costs of homeownership? (Hint: It's not what you might think)
As any homeowner knows, the purchase price of a house is only one part of what it costs to own a home. From the very moment a home purchase is closed on, to the time that home is sold, a homeowner is subject to a sometimes-blinding array of costs, many of them hidden, unrecognized, or misunderstood. In a recent Fannie Mae working paper, we sought to pull the curtain back on these costs.
Consumers Continue to See Housing as a Safe, High-Potential Investment
The single-family housing market was particularly strong in 2020. As of Q4 2020, home prices appreciated 10.8% year over year, according to the FHFA Home Price Index, and the National Association of Realtors reported that monthly sales of existing homes were more than 20% higher, year over year, in Q4 2020. We attribute much of housing's strength to the response of policymakers and consumers to the truly unique circumstances of the COVID-19 pandemic.
Show More
loading
Actions
Is this you?
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.Get in touch with Mark
Contact Mark, search articles and posts on X, monitor coverage, and track replies from one place.
Learn more about Muck Rack