New-home sales rose 6.4% in August as builders cut prices, offered incentives, and sold more lower-priced homes. Now mortgage rates are moving against buyers again
The former MBA policy executive would oversee FHA underwriting, servicing, and credit-score changes that directly affect lenders and borrowers
HUD’s proposed rollback of housing protections could deepen barriers for underserved borrowers, shrink the pool of prospective homebuyers, and ultimately cost loan originators business
Sales fell 10.5% in July as inventory climbed, leaving builders increasingly dependent on price cuts, mortgage-rate buydowns, and other incentives
Former HUD housing leader rejoins the firm as senior managing director to advise on FHA and GSE financing
HUD says FHA lenders will continue using three-bureau credit reports even as the agency adopts newer scoring models aimed at increasing competition and modernizing mortgage underwriting
Rocket says the updated scoring model incorporates rent, utility, and telecom payment history to create a more inclusive view of creditworthiness
Builder activity jumps in the near term, but falling permits and weaker completions point to a choppier supply outlook ahead
Proposed rollback of gender identity protections may ripple into FHA lending, documentation stability, and fair lending exposure
MBA backs move, warning prior policy raised construction costs and restricted financing for new homes