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"The current economic crisis continues to disproportionately impact borrowers with FHA and VA loans," said Mike Fratantoni, the MBA's senior vice president and chief economist.

U.K. house prices rose by the most in four years in August as buyers rushed to take advantage of a tax cut that is helping to bolster a post-lockdown spurt in property transactions.

As bidding wars raged on and mortgage rates remained near historic lows, housing market confidence grew in August, according to Fannie Mae.

Without further government help, that rate could double again by 2022, CoreLogic said.

The Federal Housing Finance Agency's proposal could undermine the companies’ mission to support the housing market and penalize consumers in underserved communities, industry and consumer groups say.

More so than their colleagues nationwide, originators in the Southeast are concerned about how supply impacts their business.

Residential real estate has been a hot commodity in the Sioux City, Iowa, metro this summer, with prices and demand rising while interest rates and supply are low.

New Yorkers fleeing the city and cooped-up workers in cramped home offices are helping fuel a hot home sale market in Connecticut, with properties selling at a dizzying pace.

The median sale price for a home in the Capital Region continues to increase, showing a 5% jump in July, compared with a year ago, and $6,500 from June to July.

More than half of listings underwent bidding wars in August with some housing markets peaking above 65%, according to Redfin.