MBA names Rachel Kelley legislative affairs VP
The Mortgage Bankers Association (MBA) has appointed Rachel Kelley as vice president of legislative affairs.
In her new role, Kelley will be responsible for...
Weekly mortgage applications pick up but remain subdued: MBA
Both purchase and refinance applications increased to their highest weekly pace in five weeks after mortgage rates logged the largest decline in a...
More listings see a price cut: Will home prices drop?
Price reductions
Let’s start today with the price reductions data. This is the percent of the homes on the market that have taken a...
Homebuyers hit the brakes, causing unseasonal growth in inventory
https://www.youtube.com/watch?v=CebIuH3MRFo
Available inventory of unsold homes rose by 1.8% this week. It’s quite clear that homebuyers have hit the brakes waiting to see if...
Mortgage applications stall with 8% rates
With mortgage rates still hovering around 8%, mortgage applications decreased 1% for the week ending Oct. 20 compared to the week prior, according...
With elections ahead, housing policy analysts discuss the end of GSEs’ conservatorship
Isaac Boltansky, managing director and director of policy research at BTIG, said on Tuesday that he does not believe “a second Biden administration...
Housing starts rise on falling mortgage rates
Housing starts rose in November, significantly beating expectations.
New construction rose to a seasonally adjusted annual rate of 1,560,000, according to the U.S. Department...
FHA proposes changes to 203(k) program
Nine months after requesting input from the industry, the Federal Housing Administration (FHA) issued a proposal on Wednesday to enhance its rehabilitation program.
The updates...
Fannie Mae President David Benson to retire as GSE announces leadership changes
Fannie Mae announced a slew of leadership changes following the expected retirement of two senior executives. President David Benson will step down from his...
FHA updates appraisal requirements on GSE-certified manufactured homes
The Federal Housing Administration (FHA) announced this week that it has implemented updated appraisal requirements for the valuation of manufactured homes certified under...
