The Department of Housing and Urban Development on Monday prevailed in expanding flood insurance choices for homebuyers with Federal Housing Administration-insured mortgages
Black Homeownership Collaborative also asks HUD to ditch a 'life of loan' requirement that forces homeowners to continue paying mortgage insurance premiums in perpetuity
The NAR, MBA and NAHB argue that the Federal Housing Administration is flush with cash, and that delinquency rates on FHA loans have returned to pre-pandemic lows
Applications for government-backed purchase mortgages were up 4% week over week, accounting for nearly 1 in 4 loan requests from homebuyers, according to the Mortgage Bankers Association
Rising rates took their toll not only on refinancing but on homebuyer demand for purchase loans in June, according to an analysis of rate lock data released Monday by Black Knight
Average purchase mortgage request has shrunk by 10% since March, to $413,500, as demand picks up for FHA, VA and USDA purchase loans favored by many entry-level buyers
Ability to retrieve quotes helps borrowers assess their options and streamlines the mortgage insurance process for lenders
First-time homebuyers who rely on government mortgage programs are 'increasingly challenged' by rapid home price increases and higher mortgage rates
Janette Miller of Miller & Perotti Real Estate Appraisals in California argues that the Fair Housing Act doesn't apply to appraisers, but a federal regulator disagreed this week
Demand for purchase loans remains steady, but rising rates are closing the door on refinancing opportunities, according to the Mortgage Bankers Association's Weekly Mortgage Applications Survey
Redwood Trust, which issues 'jumbo' loans that are off limits to Fannie and Freddie, said in a new critique that costlier markets are better served by private lenders
A new report warns that a 'sudden and severe' reversal in home price appreciation could stress the Federal Housing Administration's finances again
Government agencies are looking to better quantify risks from climate change, a step with implications for government-backed home loans
Rising mortgage rates have curbed demand for refinancing and purchase loans after inflation worries pushed rates to highest levels since July, according to the MBA
FHA and VA loans are essential to first-time buyers, who account for about 4 out of every 5 FHA purchase loans. However, in today's market, sellers are quick to dismiss offers that come with this type of financing. Here's why