President Biden's budget proposal for fiscal year 2025 included a brief section addressing the future of the housing finance system.

Limited adoption by states of a new form meant to streamline reporting requirements is a “disappointment,” according to the MBA.

FHFA said changes to the survey will help to inform its oversight of the GSEs and Federal Home Loan Banks.

Adrianne Todman will serve as HUD’s acting secretary following the departure of Marcia Fudge.

“The CFPB’s blog post is baffling and reveals little understanding of how the mortgage market works or awareness of its own regulations that provide for full fee transparency and limits on what can be charged,” said Bob Broeksmit, president and CEO of the MBA.

Under FHFA's new pilot, lenders can originate some refis without obtaining title insurance.

Jumbo mortgages accounted for 14.7% of total first-lien originations in 2023, the lowest share for the sector since 2010.

According to an analysis by Inside MBS & ABS, $1.88 billion of VA rate/term refinance loans were included in Ginnie MBS issued in February 2024, compared with $298.5 million in January.

A decrease in competition from banks is helping Velocity Financial with business purpose loans.

President Biden proposed a tax credit of $400 a month to put toward a mortgage.