Mortgage
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Federal Housing Administration Helps Over 765,000 Families Buy Homes and Maintains a Strong Insurance...
Annual Report to Congress for fiscal year 2023 highlights impact of insurance premium reduction, assistance for approximately two
Mortgage Delinquencies Increase in the Third Quarter of 2023
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.62 percent of all loans outstanding at the end of the third
NAR Finds Typical Home Buyer’s Annual Household Income Climbed to Record High of $107,000...
Buyer income annual increase of 22% is largest on record (from $88,000 in 2022 report); down payments jumped to highest percentages in two decades
VA reduces premium rates for Veterans’ Mortgage Life Insurance
This month, the Department of Veterans Affairs reduced premiums for most Veterans and Service members insured under the Veterans’ Mortgage Life Insurance program.
Lance F. Drummond Elected Chair of Freddie Mac
Lance Drummond will become chair of Freddie Mac's Board of Directors, the company announced today. A member of the Board since 2015, Drummond will succeed Sara Mathew, who will retire as Board chair and as a Director in February 2024, as required by the company's bylaws.
Mortgage Application Payments Decreased to $2,155 in September
Homebuyer affordability improved slightly in September, with the national median payment applied for by purchase applicants decreasing to $2,155 from $2,170 in August. This is according to
Single-Family Starts Post Unexpected Gain in September as High Interest Rates Persist
Despite elevated mortgage rates averaging above 7%, single-family starts posted a solid gain in September as more buyers are turning to new homes because of a dearth of inventory in the
MBA Statement on the Biden Administration’s Announcement on Commercial Property Conversions to Housing
Bob Broeksmit, CMB, President and CEO of the Mortgage Bankers Association (MBA), released the following statement on the Biden
Lack of Resales Boost New Home Sales in September
Despite mortgage rates that are at a 23-year high, new home sales posted a double-digit percentage gain in September because of a lack of inventory in the resale market.
MISMO Publishes Version 3.5 Property and Valuation Services Implementation Guide
MISMO®, the real estate finance industry's standards organization, today announced that it has published the Version 3.5 Property and Valuation Services (PaVS) Implementation Guide
FinLocker and Milestones Announce a Strategic Alliance to Enable a Seamless Homebuyer-to-Homeowner Experience
The integration of Milestones and FinLocker will provide mortgage lenders with a comprehensive solution to attract, nurture, and
Mortgage Credit Availability Increased in September
Mortgage credit availability increased in September according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE
Mortgage Application Payments Increased Slightly to $2,170 in August
Homebuyer affordability declined in August with the national median payment applied for by purchase applicants increasing to $2,170 from 2,162 in July. This is according to the Mortgage
9 Steps to Make Home-Buying Easier
The Florida housing market boasts an average home value of $392,262, showing a steady 0.5% increase in the past year. Buying a home in the Sunshine State can seem extremely complex and stressful for first-time homebuyers. All the budget
Prominent Mortgage Executive Tony Meola Joins Board of Directors at Milestones
Milestones, the all-in-one home management solution specifically designed for consumers to buy, move, own, sell, manage and access mortgage services for their home seamlessly in one
New Home Sales Weaken in August on Higher Mortgage Rates
Elevated mortgage rates and challenging affordability conditions pushed new home sales down to their weakest rate since March. Sales of newly built, single-family homes in August fell 8.7% to a
Pending Home Sales Tumbled 7.1% in August
Pending home sales slid 7.1% in August, according to the National Association of REALTORS®. All four U.S. regions posted monthly losses and year-over-year declines in transactions. "Mortgage rates have been rising above 7% since August
MBA Opens Doors Foundation Kicks Off 2024 Fundraising Season with Nearly $2.7 Million in...
The MBA Opens Doors Foundation (Opens Doors) today announced it received $2,684,526 in corporate and individual donations during its Annual Appeal fundraising campaign to kick
Housing Starts Lower on Rising Mortgage Rates
Higher mortgage rates averaging above 7% put a damper on single-family production in August, as builders also continue to face supply-side challenges in the form of elevated construction costs, a lack of skilled labor and a shortage of buildable lots.
Elevated Home Prices and Mortgage Rates, Limited Inventory are Home Buying Barriers, According to...
The current real estate market's high home prices and mortgage rates, as well as limited inventory, are the top reasons that
