Less than a week after being confirmed by the Senate to lead the FHFA, homebuilder scion launches campaign focused on making homebuying more affordable by cutting alleged wasteful spending at the mortgage giants. Continue reading
Mortgage industry groups support the Trump administration’s picks to lead the FHFA and CFPB, but questions remain about the prospects for dramatic policy shifts at the agencies. 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
FHA premium cuts spur growth, but borrowers with stellar credit can still do better taking out conventional Fannie Mae- or Freddie Mac-eligible mortgages with private mortgage insurance. Continue reading
Mortgage giants’ federal regulator eliminates upfront fees for first-time homebuyers of limited means, but some better-off borrowers will see increases. Continue reading