Retail lending took another precipitous drop in the third quarter. But the fall is more of a return to the norm after heady days fueled by refinances. (Includes data chart.)

Year-to-date, home equity conversion mortgage volume is up a dramatic 49.9% compared to last year. But volume dropped sequentially for the first time in seven quarters. (Includes three data charts.)

Real estate agents can now also act as loan officers on the same single-family mortgage transaction. But smaller lenders worry that larger competitors will wipe out referral business by hiring dual-purpose employees.

Of the $1.7 trillion included in the spending bill, $58.2 billion would go to the Department of Housing and Urban Development.

Under FHA’s index approach, loan limits would be based on a yearly analysis of prices and Census bureau property data.

The VA Housing Loan Forever Act of 2022 would provide the VA home guarantee benefit to descendants of minority veterans who were unjustly denied access to the program.

Responding to a federal Interagency Community Investment Committee request for information, mortgage lender trade groups and housing advocates asked for more funding for community development financial institutions that provide home loans in underserved communities.

Senate passes VA home loan benefit legislation; FHA allows HECM property charges repayment plan; FHA lenders can continue face-to-face interview alternatives; VA releases new loan review API; and more.

However, lender employees with a direct impact on a mortgage approval decision may not have multiple roles on FHA deals...

The FHA has clarified when individuals can perform multiple roles in a single FHA-insured transaction. Some believe it’s a market-altering move.