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The Mortgage Bankers Association supports the Department of Housing and Urban Development’s proposal to loosen the permanent chassis requirement for manufactured homes, but the change will do little for lenders unless appraisal policy moves alongside, the group added in a comment letter. Processing Content The trade group described the proposal as a measured and appropriate […]

Rising prices and mortgage rates are keeping buyers out of the housing market, resulting in July recording the fewest residential property sales in nearly two years, a new industry report found. Processing Content Home sales fell 4.1% month over month and 0.6% on an annual basis in July, according to Redfin. Pending home sales, a

Borrowers taking out new-construction loans from homebuilder mortgage affiliates are seeing a tangible discount in their rates compared to customers of other lenders, thanks to buydowns, according to a new index.  Processing Content The spread in locked rates between 30-year loans from builder subsidiaries and originations coming from non-builder lending companies grew to as wide