Adjustment for rising home prices increases FHA ceiling in high-cost markets like New York, San Francisco and Washington, D.C., and raises the floor in low-cost markets to $524,225. Continue reading
Mortgage giants will be allowed to back loans of up to $1.2 million in high-cost markets, providing ammo to critics who say goverment backing for mortgages adds to affordability woes. Continue reading
As a Project 2025 author, Carson called for raising FHA premiums and a “reset” of HUD to reverse “corrosive progressive ideologies across the department’s programs.” Continue reading
Applications for purchase mortgages were up 2 percent last week when compared to the week before but down 1 percent from a year ago, according to a weekly survey by the Mortgage Bankers Association. Continue reading
Fannie Mae and MBA forecasts dampened expectations for projected home sales in 2025 while offering a more cautious outlook on the prospects of mortgage rates coming down in the new year. Continue reading
Title insurers have waged a protracted PR and lobbying campaign opposing the pilot program and other title insurance alternatives endorsed by the Biden administration and consumer groups. Continue reading
After seeing its open office count shrink this year for the first time ever, RE/MAX’s mortgage franchisor brings new offices online in Arizona, South Carolina and Michigan. Continue reading
National mortgage lender offering affected customers free credit monitoring and identity theft protection after hackers accessed Social Security numbers in August data breach. Continue reading
Private mortgage insurers are hoping to head off another FHA premium cut, like the 35 percent reduction approved last year by the Biden administration that’s project to save homebuyers $5.1 billion over 10 years. Continue reading
Florida-based community bank sells its Houston branches to MidFirst Bank, but growing mortgage subsidiary Amerant Mortgage has a presence in most states. Continue reading