The spring homebuying season might not be as strong as initially expected. Interest rates are challenging and employment trends are faltering, reducing demand for purchase mortgages.

“These programs have served as critical tools in expanding access to affordable homeownership, particularly for first-time and low- to moderate-income homebuyers,” NAMB said of special purpose credit programs at the GSEs.

In February, MBA was projecting a 25% chance of a recession within the next 12 months. Now, the projection is a 35% risk.

FHFA Director Bill Pulte is posting pictures of printed memos on X to announce FHFA policy changes.

Fitch has avoided rating home equity investment securitizations as well as deals stocked with loans underwritten with less-than-full documentation.

Home prices increased by 0.2% on a monthly basis in January, according to FHFA.

Production estimates were required for December because HUD, under the new Trump administration, has yet to publish FHA endorsement figures.

FHA-to-FHA refis increased by nearly 70% in the fourth quarter while purchase mortgage volume slid 12.4%. United Wholesale Mortgage remained the largest FHA lender in 2024.

The volume of single-family mortgage servicing tied to Ginnie Mae rose 7.3% on an annual basis to $2.541 trillion as of the end of 2024.

Mortgage delinquencies in LA tied to wildfires increased from 700 at the end of January to 4,100 at the end of February.