FHA

Mortgage Applications Showing Week-to-Week Volatility

April 6th, 2022
It’s been a topsy-turvy 2022 for mortgage applications. And the Mortgage Bankers Association’s (MBA) Market Composite Index (MCI) for the week ending April 1, 2022, reveals another drop in applications, thus adding to that volatility trend. Key findings: Mortgage application...

HUD and FHA Plan Events to Amplify Message During National Homeownership Month

June 2nd, 2022
June 2022 marks the 20th anniversary of National Homeownership Month. In alignment with the Biden-Harris Administration’s commitment to increasing homeownership, the U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) will hold a series of...

Reducing MIP Necessary to Help Buyers Battle Headwinds

August 1st, 2022
As the market continues to fluctuate, it is prudent for the Federal Housing Administration (FHA) to take appropriate action to support homebuyers and reduce the Mortgage Insurance Premium (MIP). Traditionally, FHA-backed mortgages serve borrowers with low to moderate incomes by...
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