Homebuyers came out in force last week, and rates are trending down
Applications for purchase mortgages hit a seasonally adjusted 2025 high last week, with FHA, VA, and USDA applications for less pricey homes driving the surge, MBA lender survey shows
by Matt Carter Nov 26
More problems for homebuyer as government shutdown hit 30 days
Fannie and Freddie will want government employees to show they have reserves, and some homeowners are now outside 30-day grace period for National Flood Insurance Program renewals
by Matt Carter Oct 31
US government shutdown impacts to real estate
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 3rd week
by Lillian Dickerson Oct 17
Shutdown slowing FHA, VA approvals; USDA loans are on hold
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
by Matt Carter Oct 8
How the government shutdown is impacting real estate
Housing data, mortgage rates, federally-backed home loans, flood insurance and the Washington, DC, housing market are all already starting to feel the impacts
cityscape
In case you were head down in the Compass merger news last week, we've put together a roundup of the market stats and how-tos you may have missed
by Christy Murdock Sep 29
How a government shutdown would affect real estate agents
The National Flood Insurance Program is 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
by Matt Carter Sep 25
Pennymac takes a stake in Vesta, launches non-QM mortgages
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
by Matt Carter Sep 8
Don't facilitate source of income discrimination by sellers
Don't discourage your sellers from talking to FHA, VA, USDA or DPA buyers, fair housing advocate Dr. Lee Davenport writes. Help facilitate both a timely sale and greater affordability
by Lee Davenport Sep 27
Cap on servicer fees for FHA loan assumptions doubled to $1,800
While the Community Home Lenders of America welcomed the increase, it might benefit homebuyers as well, by giving loan servicers more incentive to process FHA loan assumptions
by Matt Carter May 22
Assumable mortgage platform Roam expands coverage area
With $3M in new seed funding from Founders Fund, Roam wants to help buyers 'wind back the clock' on mortgage rates in markets nationwide by the end of the year
by Matt Carter May 10
Assumable loan platform Roam offers seller closing guarantee
If it takes longer than 60 days from the time an offer is accepted until close of escrow, Roam will make the homeseller's mortgage payments for up 60 days after the scheduled closing date
by Matt Carter Jan 31
First-time homebuyers may be driving FHA, VA loan surge
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
by Matt Carter Aug 24
As rates rose, demand for mortgages dwindled every month in Q2
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
by Matt Carter Jul 10
Homebuyers are beginning to seek smaller mortgages as rates rise
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
by Matt Carter Jun 29