Mortgage applications for new home purchases decreased 25.2% in December compared to a year ago, according to a new report from the MBA Builder Application Survey. The data shows the number of applications and estimated sales are more than 20% behind last year's pace.
Read More »HUD Hosts “House Party” to Encourage Gen Z, Millennial Homeownership
The Department of Housing & Urban Development encouraged aspiring buyers to “stay ready” during the virtual event and also launched a dedicated webpage to connect people to pathways to homeownership.
Read More »The Week Ahead: HUD to Host Millennial, Gen Z Homeownership Event
HUD Secretary Marcia L. Fudge will host a virtual event geared toward young adults to help dispel common myths and barriers to buying a home in today’s market and how federal programs can help smooth the path to homeownership.
Read More »Overcoming Housing Affordability Hurdles
Cake Mortgage CEO David Abelyan shares his perspective on what needs to be done in the market to help alleviate the affordability issue, and what products are ideal to assist first-time buyers.
Read More »Who Needs Non-QM Loans?
Greg Austin of Carrington Mortgage Services discusses the flexibility found in non-QM loans for the self-employed, investors, and more.
Read More »Mortgage Insurance Deduction Legislation Introduced
New bipartisan measure aims to make permanent a deduction for MI premium payments for middle-class homeowners.
Read More »Op-Ed: FHA Should Stay the Course for Mortgage Insurance Premiums
Former FHA veterans Brian D. Montgomery and Keith Becker share insights into why they believe the Administration should move cautiously in light of ongoing economic uncertainty.
Read More »Fannie Mae Changes Requirements for Appraisers
In its latest selling guide updates, Fannie Mae stated it would no longer expect a market conditions form that it began requiring from appraisers in 2009 as a response to the housing crash. Here’s why.
Read More »FHA Announces Expanded Mortgage Relief for Disaster Victims
The Federal Housing Administration (FHA) has provided additional relief to victims of the natural disasters that hit the nation in 2017. On Thursday, FHA announced expanded mortgage relief to FHA-insured ...
Read More »Montgomery Envisions Future of FHA
The Senate Committee on Banking, Housing, and Urban Affairs met to hear testimony regarding the nomination of Brian Montgomery, as commissioner of the Federal Housing Administration—and declared the next steps to proceed with his confirmation.
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