"While we agree with the Administration that there is a desperate need for more affordable housing supply, extending the FHA-FFB Risk Sharing program is unnecessary, as it undermines the successful FHA Multifamily Accelerated Processing program and creates unfair competition with the private sector." --MBA President and CEO Bob Broeksmit, CMB, commenting on the Biden administration’s announcements yesterday, which include extending indefinitely the Federal Housing Administration and Federal Financing Bank Risk Sharing program

Home shoppers today need to earn more than $106,000 to comfortably afford a home, a new Zillow analysis found.