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.

Seed funding was raised from Redwood Trust Ventures and Silicon Valley Bank, among other investors.

Refis accounted for 55.7% of mortgage applications last week.

The retail channel boosted its share of conventional-conforming lending by 308 basis points to 43.2% in the second quarter of 2024.

The affordable housing crisis is linked to a lack of housing supply, MBA panelists said.

A proposal suggested by Rohit Chopra, director of the CFPB, could be difficult to implement in the mortgage market.

The revamped rules allowed lenders to use a wider variety of standards to meet ATR and qualified-mortgage requirements while also introducing some uncertainty on whether specific loans comply with ATR standards.