Fairway Independent Mortgage Corp. established a $1.0 million fund to help with the recovery from Hurricane Helene.

Conforming loan limits for the upcoming year are usually announced by the FHFA in late November.

Banks continue to dominate home equity lending, but some nonbanks have made big moves, including Rocket Mortgage.

All banks among the top 100 lenders reported an increase in retail mortgage originations in the second quarter.

The annual home price growth rate may slow further in September, according to Intercontinental Exchange.

“After reviewing the comments and reconsidering the proposed rule’s substantive and procedural amendments, FHFA has determined that a number of material changes to the rule are necessary,” the agency said.

Democrats in the Senate are seeking new federal programs to address housing affordability while Republicans think existing programs can be more efficient.

HUD has a new Homeownership Initiative Grant, which pays participating grantees using a negotiated fixed rate for pre-purchase counseling to households that both go on to achieve homeownership and return for post-purchase counseling.

The federal government is now funded through Dec. 20.

Recent readings on home price appreciation suggest that annual appreciation in 2024 could be lower than expected.