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.

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.