Sales of new homes declined on monthly and annual bases in May.

Matt Jones, FHA single-family housing deputy assistant secretary, indicated the agency believed the rescissions would make the FHA program more accessible to a wide range of lenders.

The proposal would redefine "high-needs rural population" and limit the use of area median income when defining low-income categories.

H.R. 6644, the 21st Century ROAD to Housing Act, is being hailed as the most significant housing legislation from Congress in three decades.

Chase remained the largest warehouse provider as of the end of the March, while losing some market share.

Fannie increased its interest rate projections somewhat in the latest monthly forecast from the GSE.

Demographic shifts are expected to lead housing supply to surpass demand in the coming years.

Mutual of Omaha Mortgage and Finance of America Mortgage, the top two lenders in the sector, lost some market share in the first quarter.

The House is poised follow the Senate and approve H.R. 6644, the 21st Century ROAD to Housing Act, as soon as this week.

Annaly was the top producer of nonconforming loans through the correspondent channel among the survey group, increasing its production by 9.9% to $5.08 billion.