The Latest

The federal government Friday rolls out a flood-insurance program revamped to reflect worsening climate change, a program that will raise rates for millions of homeowners in wealthy coastal areas and humble inland communities alike.

While PLS loans still represent a sliver of the overall mortgage market and are nowhere near the $1 trillion level seen before the Great Recession, issuance jumped markedly this year.

Rohit Chopra, a liberal consumer watchdog, was approved as the agency’s director nine months after the Biden administration first announced him as the nominee.

Acting Director Sandra Thompson said the Federal Housing Finance Agency is considering changes to the risk-based fees that critics say have disproportionately hurt minority borrowers of low down-payment loans.

More for-sale homes hit the market than at any point this year but a turning point may lie ahead, according to Realtor.com.

Eligible low and moderate income borrowers can get up to $25,000 to help construct granny flats as part of the state's efforts to increase affordable housing.

More than 19% of the related loans are early buyouts from securitized pools, and the deal is one example of growing bulk sales activity in the market.

Taper announcement, slowing COVID cases help remove downward pressure, leading to increases across all loan-term types.

Also, Candor Technology names past Fannie Mae exec chief strategy officer, former Impac chief of staff joins The Money Source and Plaza Home Mortgage finds a CIO

The Federal Housing Finance Agency agreed to rework and improve procedures for regulatory communication about issues like servicing lapses in response to a recent inspector general audit.