Mike Fratantoni, MBA chief economist, said the job market data continue to indicate that homeowners are experiencing severe hardships due to the pandemic.

Biden’s proposed tax credit of $15,000 will be automatically distributed to homebuyers when they make a purchase, according to the administration.

FHA Commissioner Dana Wade said this was the first time there have been no material weaknesses or significant deficiencies identified with its financial statements.

The U.S. Department of Agriculture plans to make it mandatory for lenders to use its guaranteed underwriting/loan closing system for all single-family loans.

VA proposes partial claims as a loss-mitigation option; FHA expands Catalyst platform; some 17.3% of FHA loans were delinquent in October.

The Department of Justice has proposed a settlement that requires Realtors to provide greater transparency to home buyers regarding broker commissions.

Before the pandemic struck, a consumer would start shopping 180 days before closing on a mortgage...

In a new lawsuit, fair housing organizations have alleged that Redfin’s minimum price policy makes it harder for agents to sell homes in minority neighborhoods.

Pre-pandemic, consumers would start shopping 180 days before closing on a mortgage. The window has now shrunk to 100 days.

The MMIF enjoys a cash cushion of $77.8 billion for “forward” loans, an increase of $12.2 billion from last year, a HUD audit found.