National Flood Insurance Program set to expire at midnight March 14

As the March 14 debt ceiling deadline and potential government shutdown looms, Republican Sen. John Kennedy is introducing a bill to reauthorize the NFIP under its current form until Sept. 30. Continue reading

Homebuyers and homeowners jump on big drop in mortgage rates

Requests to refinance surged 37 percent last week and were up 83 percent from a year ago after the biggest one-week decline in mortgage rates since November, the MBA’s latest weekly lender survey shows. Continue reading

Democrats weighing government shutdown to protest DOGE cuts

As March 14 debt ceiling deadline approaches, housing and mortgage finance industries brace for repercussions of DOGE cuts to federal workforce and programs. Continue reading

Congress grants National Flood Insurance Program a reprieve

The $1.2 trillion funding bill passed by the House Friday averts a partial government shutdown and extends a critical insurance program that protects 4.7 million homes through the end of September. Continue reading

Mild recession, elevated mortgage rates eyed in 2024: Fannie Mae

Fannie Mae economists predict “mild recession” next year, but say mortgage rates may not ease as much as previously expected. Continue reading

‘People are afraid’: Agents worry wall will squeeze the local market

On Friday, Trump declared a national emergency, which he believes will give him access to border wall funding that congress denied him. Agents are worried. Continue reading

Homesnap will pay monthly mortgage of 10 federal workers

Home listings portal Homesnap is offering to pay the mortgage or rent of 10 workers affected by the now 31-day long partial shutdown of the federal government. Continue reading

The shutdown is tripping up real estate deals across the country

With no end in sight to the shutdown — which began in December and hinges on political leaders disagreement over funding for a border wall — Realtors say the dire affects are seeping into more and more corners of the industry. Continue reading

The Real Word: HENRYs, bickering buyers and the shutdown

Watch Byron Lazine and Nicole White give a real estate agent’s perspective on industry-related topics. This week: the next generation of wealth and what agents should know.  Continue reading

Shutdown prompts Fannie Mae to tweak lender requirements

As the government shutdown drags on with no end in sight, Fannie Mae is tweaking its lending requirements to accommodate people who aren’t currently getting paychecks and whose bosses aren’t around to confirm their employment. Continue reading