Category: Mortgage News

Foreclosures are rising, FHA is in trouble, and the housing market is shifting fast. The government propped up the market with mortgage relief, but that’s ending

FHA loan defaults are surging, with foreclosures up 300% in just four months

Pending home sales just hit their lowest level ever, with stubborn sellers refusing to drop prices. Meanwhile, 37% of loan officers have left the industry since 2021, and 1 in 5 homes are slashing prices.

Trump’s latest executive order could reshape mortgage lending as we know it. Mark Calabria is back, this time at the Office of Management and Budget, with a rumored plan to dismantle the CFPB.

A government watchdog found HUD has mismanaged two-thirds of its $70 billion budget for seven years straight. Now, a new oversight task force is demanding answers

Jerome Powell just issued a warning that could shake the housing market—insurance costs may make it impossible to get a mortgage in certain regions within the next 10 to 15 years.

Home prices are finally starting to drop, with the median price falling from $410,000 to $402,500—a small but important shift.

Trump called for lower rates, and sure enough, they’ve been steadily dropping for three weeks. The 30-year mortgage is now averaging 6.89%, down from a January peak of 7.04%

Home sales are at a 30-year low, builders are pulling back, and mortgage applications are down nearly 40% compared to pre-pandemic levels.