You may have read the recent release from the United States Census Bureau and the U.S. Department of Housing and Urban Development that showed an increase in new home sales in March 2019.
We’ve noticed that our members are active in the market as well – specifically the first-time homebuyer market. The funds in our Homeownership Set-aside Program (HSP), which helps eligible first-time homebuyers with their down payment and closing costs, have been swiftly reserved by our members since the HSP opened eight weeks ago. Nearly half of the approximately $6.6 million in HSP funds have been spoken for so far. You can learn more about HSP and see how much is still available on our website at www.fhlbtopeka.com/hsp.
At last week’s FHLBank Topeka Annual Management Conference, we heard from two breakout speakers related to mortgage lending.