A major player in correspondent lending, Pennymac is looking to provide more loans directly to consumers through a strategic partnership and investment in mortgage software provider Vesta
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers
Opinion
HUD Secretary Scott Turner shares how new policies simplify processes, reduce financing costs and strengthen the housing market for a more effective FHA-insured lending process
Price softening continues to spread from the Sunbelt into the Western U.S., and the inventory of homes for sale is growing at an accelerating pace, ICE Mortgage Technology reports
Recission of a dozen regulatory policies aimed at 'slashing red tape that drives up costs and shuts families out of the market' is effective immediately, HUD Secretary Scott Turner said
As Federal Reserve policymakers await more data confirming that inflation has been tamed, futures markets put the odds of a September rate cut at 90%, up from 64% a week ago
Purchase loan demand up 11% last week, with 'surprisingly strong' demand from conventional loan borrowers given lingering economic uncertainty, MBA economist Mike Fratantoni says
Lenders are no longer under orders to keep a sharper lookout for appraisal bias or have a process for helping borrowers who suspect appraisal bias to ask for a 'reconsideration of value'
As March 14 debt ceiling deadline approaches, housing and mortgage finance industries brace for repercussions of DOGE cuts to HUD, FHA and Ginnie Mae workforce and programs
National Housing Conference CEO David Dworkin, a centrist advocate for affordable housing stakeholders, warns of unintended consequences of downsizing of HUD, FHA and Ginnie Mae
Trump administration silent on details but disputes the accuracy of a Feb. 18 report by Bloomberg Law that at least 40% of FHA's workforce are set to be laid off as part of cost-cutting initiatives
Protecting fair housing must be a non-negotiable part of building a more inclusive and equitable future, Color of Money podcast host Julia Lashay Israel writes
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
As a Project 2025 author, Carson advocated raising FHA premiums and for a 'reset' of HUD to reverse 'corrosive progressive ideologies across the department’s programs'
Private mortgage insurers are hoping to head off a repeat of the 35% reduction approved by the Biden administration last year, which is projected to save homebuyers $5.1B over 10 years