FHA

The Federal Housing Administration is providing a new waiver that gives mortgage companies the ability to start inspecting properties affected by Kilauea Volcano lava flows in Hawaii.

Mortgage applications decreased 0.1% from one week earlier, dropping for the seventh time in eight weeks even with scant movement in interest rates, according to the Mortgage Bankers Association.

After their first increase in six weeks, mortgage applications declined despite lower interest rates, according to the Mortgage Bankers Association.

Mortgage applications increased 4.2% from one week earlier, rising for the first time in over a month, according to the Mortgage Bankers Association.

The new policy, meant to assist borrowers in Puerto Rico and the U.S. Virgin Islands, will let servicers evaluate borrowers using pre-disaster payment information.

Mortgage applications waned for the fifth week in row, hitting their lowest levels in six months, as the summer's growing interest rates plateaued.

The percentage of low down payment loans using private mortgage insurance continues to grow, and should continue as more first-time homebuyers get conforming loans, according to Keefe Bruyette & Woods.

The reliance on nonconventional financing to fund new single-family housing is dropping, with the share accounting for less than a third of the market for the second year in a row.

July's new-home sales were at their highest pace since April, leading to a 3.5% year-over-year increase in mortgage applications to purchase recently constructed homes, the Mortgage Bankers Association said.

Quicken Loans subsidiary One Reverse Mortgage is rolling out a private-label alternative to the Federal Housing Administration's Home Equity Conversion Mortgage that offers higher loan limits and more flexible underwriting terms.

Mortgage applications declined for the fourth consecutive week as interest rates remained at high levels.

The administration’s recent report on fintech innovation discussed ways to adopt electronic promissory notes — or eNotes — and automated appraisals in federal mortgage programs.

Mortgage applications dropped for the third consecutive week around rising interest rates and languid housing starts.

A lack of new and existing homes for sale led to a drop in purchase and overall mortgage application volume although refinances grew.

Rising median home prices and tight housing inventory led purchase and overall mortgage application volume to fall although refinances rose.

Foreclosure filings plummeted in the first half of the year, but 40% of local markets saw foreclosure starts increase, with the last housing bubble no longer to blame for the growth, according to Attom Data Solutions.

Greater consumer access to credit could help mortgage bankers replenish originations eroded by higher rates, but they are reluctant to depart from the status quo to provide it.

The job market gaining steam year-over-year pushed the purchase and overall mortgage application volume upward despite refinance activity dropping to an 18-year low.

The average millennial borrower credit score remained unchanged in May, but values by city painted very different pictures, according to Ellie Mae.

Brian Montgomery is examining why the reverse mortgage program has suffered big losses, but he said he opposes any changes that could make it harder for the elderly to stay in their homes.