The savings of up to $20,000 come in the form of lender credits and reduced real estate agent commissions.

FHA noted that federal law prohibits providing federal financial assistance to individuals with delinquent child support.

The House is set to vote on a revised version of the 21st Century ROAD to Housing Act. It’s expected to pass with broad bipartisan support.

Both VantageScore and FICO claim their scoring models allow lenders to approve more mortgage applicants.

“Regulators are taking more notice of this part of the market,” Bob Broeksmit, president and CEO of the Mortgage Bankers Association, said of the non-agency sector.

Trump accounts were established by the One Big Beautiful Bill Act in 2025, and are set to launch this year. The accounts have tax benefits for children, and include a $1,000 contribution from the federal government for kids born between 2025 and 2028.

AI won’t necessarily reduce costs for servicers, but the technology can improve processes and borrower retention, according to industry participants.

Fannie and Freddie separately updated their selling guides, with changes involving remote online notarization and qualification in instances where the mortgage applicant is anticipating a new job or a raise. There are also some developments involving the Uniform Appraisal Dataset.

In a brief appearance on a show hosted by Steve Bannon, FHFA Director Bill Pulte suggested that part of the reason he was confirmed for the position was to address home prices.

Fannie Mae is offering a new custodial bank account management application that impacts submissions of various forms to the GSE. Freddie Mac has adjusted the definitions of “change of control” and “senior management” at mortgage companies.