The government agency is investing $470,000 in a sweat equity program in which homebuyers in rural southwest Pennsylvania will contribute to the construction or rehabilitation of their houses.

Government lending declined across all three major production channels during the first quarter of 2022. However, the correspondent platform was able to significantly boost its market share. (Includes data chart.)

Officials from FHA, VA and USDA’s Rural Housing Service recently discussed how to help borrowers through the challenges of today’s volatile housing market.

UWM’s “Government Elite” program offers pricing advantages on FHA and VA loans for borrowers that meet minimum credit scores.

Fairway Independent Mortgage, Movement Mortgage and Caliber Home Mortgage were the top three lenders in USDA’s Rural Housing Service single-family housing guaranteed loan program.

FHA and VA endorsements shrank more than 19% in the first quarter as interest rates climbed. Those who made a quick switch from refi to purchase business thrived. (Includes three data charts.)

Pressure continues to mount on the Department of Housing and Urban Development to announce a decision on cutting FHA mortgage insurance premiums.

The White House’s multi-pronged action plan designed to close the housing supply gap within the next five years includes a to-do list for FHA.

A recently introduced bill, the Improving Access to the VA Home Loan Act, would direct VA to update regulations on home appraisals.

USDA Under Secretary for Rural Development Xochitl Torres Small testified this week about the shortages of affordable multifamily rental units and single-family homes for sale in rural areas.