Rebounding mortgage rates didn’t stop buyers from shopping for deals last week, with requests for purchase loans up 6 percent last week compared to the week before and 31 percent from a year ago, according to lender data tracked by the Mortgage Bankers… Continue reading
A coalition of groups has warned that the Trump administration’s goals for the mortgage giants will leave up to 177,000 lower income homebuyers looking elsewhere for a loan. Continue reading
The longer the government shutdown lasts, the more it impacts the real estate industry. Here are the latest updates on the cusp of the shutdown’s third week. Continue reading
The FHA’s Office of Single Family Housing and some of its mortgage insurance programs are “operational but with limited services,” HUD said in bulletin to lenders. Continue reading
The National Flood Insurance Program, set to lapse on Sept. 30, and federal agencies critical to processing mortgage paperwork like HUD, FHA, VA, USDA and the IRS face staff reductions. Continue reading
Purchase loan demand eased last week, but rates are expected to keep falling on a new report showing there are more people unemployed than there are job openings for the first time since the pandemic. Continue reading
Mortgage rates have stabilized and more inventory is coming online, but applications for purchase loans fell by a seasonally adjusted 6 percent last week compared to the week before. Continue reading
Housing counselor Rachael Hite says that VA loan holders who are having challenges paying their mortgages are losing a mortgage rescue and restructure plan called VASP. Continue reading
Down payments are declining even as home prices are rising because buyers are facing affordability challenges or opting to reserve more of their cash because of economic uncertainty, Redfin said. Continue reading
Dangerous and discriminatory misconceptions about the purpose of home loans from the Veterans Administration may be keeping hard-working and well-prepared military veterans from the American dream of homeownership, veteran and team leader Cheryl Arroyo… Continue reading