Author Archives: Matt Carter

Homebuyer interest surges on slight pullback in mortgage rates

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Applications for purchase loans jumped 12 percent week over week and 52 percent from a year ago, according to a weekly survey of lenders by the Mortgage Bankers Association. Continue reading →

HUD raising FHA ceiling in high-cost markets to $1.2M next year

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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 →

Fannie, Freddie loan limits upped to $806,500 in most markets

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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 →

Ben Carson reportedly in the running to lead HUD again

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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 →

Slight pickup in homebuyer loan demand may prove short-lived

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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 →

Dramatic downward revisions for projected 2025 home sales: Fannie

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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 →

Campaign to stop Fannie Mae title waiver pilot program resumes

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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 →

RE/MAX’s Motto Mortgage bounces back with new offices

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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 →

AnnieMac notifies more than 170K customers of data breach

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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 →