Key takeaways Detroit, Pittsburgh, and St. Louis are the most affordable cities in the U.S., balancing relatively high incomes and low housing costs. The Midwest and Northeast are home to all of the cheapest places to live—although they are also becoming increasingly competitive. Home prices are sti

Ginnie Mae President Joseph Gormley, who is also serving as acting commissioner of the Federal Housing Administration (FHA), said the counterparties participating in Ginnie Mae’s program have evolved significantly since the Great Financial Crisis, with greater exposure to independent mortgage banks

Department of Housing and Urban Development officials indicated that there are improvements in some delinquency stages and cure rates are better than expected.