CBO projects FHA to lose  billion in 2024 receipts; budget cuts could impact reverse mortgages

CBO projects FHA to lose $7 billion in 2024 receipts; budget cuts could impact reverse mortgages

The Federal Housing Administration (FHA) faces a potential loss of roughly $7 billion in receipts in 2024, and a failure by Congress to come to terms on certain spending agreements could force... Read more »
What Fed rate cuts in 2024 will mean for homebuyers

What Fed rate cuts in 2024 will mean for homebuyers

The housing market cheered as the Federal Reserve signaled interest rate cuts next year after making a series of rapid rate hikes starting in 2022.  While the central bank did not completely... Read more »
CBC Mortgage Agency cuts rates on down payment assistance second mortgages

CBC Mortgage Agency cuts rates on down payment assistance second mortgages

CBC Mortgage Agency — a federally chartered housing finance agency — is reducing interest rates on repayable second mortgages used for its down payment assistance (DPA) program. This marks the first time... Read more »