Trump nominates homebuilder scion to oversee Fannie, Freddie

The grandson of PulteGroup founder William J. Pulte, Bill Pulte is a private equity CEO, philanthropist and Trump loyalist with 3 million followers on X. Continue reading

Strong December jobs report pushes mortgage rates higher

Investors who fund most home loans are now convinced that the Federal Reserve won’t cut rates again until June after employers add 256,000 jobs in December. Continue reading

Mortgage demand crumbles as rates are on the rise again

With mortgage rates back to where they were last summer, purchase applications are coming in at the slowest pace since February 2024, Mortgage Bankers Association lender survey finds. Continue reading

Would-be homebuyers are still looking for conditions to improve

Americans are more hopeful that the economy is on the right track than they were a year ago, but only 1 in 5 thought December was a good time to buy a home, Fannie Mae surveys show. Continue reading

Home prices hit new highs in 2024. These 2 factors could ease the pain 

Prices hit record highs in 2024, making affordability just as big a problem as it was on the eve of the 2007 housing bust. But this time, prices in most markets are expected to decelerate, not fall. Continue reading

Fannie Mae forecasts ‘significant regional variation’ in 2025 sales

“From an affordability perspective, we think 2025 will look a lot like 2024,” Fannie Mae chief economist says, but with more inventory in Sun Belt states and parts of the Mountain West and Pacific Northwest. Continue reading

Nation’s biggest lender, UWM, is piloting Fannie Mae title waivers

Trade group for title insurers complains federal regulators are disregarding the views of lawmakers in allowing program to move forward on eve of a second Trump administration. Continue reading

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

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

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

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