HUD walks back some proposed changes to HECM for Purchase program

The U.S. Department of Housing and Urban Development (HUD) on Friday announced that a proposed change to the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program has been modified to bar the practice of premium pricing, and it will only allow interested party contributions (IPCs) on H4P
Read MoreRetirement confidence hasn’t fully recovered, but survey shows hope for future prospects

Following a significant drop in retirement savings confidence in 2023, overall levels of confidence have yet to recover. But optimism about future retirement prospects are high, according to the results of the 34th annual Retirement Confidence Survey (RCS) conducted by the Employee Benefit Research
Read MoreKey housing markets are starting to buck national trends: Redfin

Even as the median U.S. home sale price remains near record highs and supply stays constrained in many locales, two of the most populous states that have seen a surge in demand since the start of the COVID-19 pandemic are showing signs of a pullback. That’s according to a pair of reports released Th
Read MoreMedian payment on purchase mortgage applications rises to $2,201: MBA

Homebuyer affordability declined in March as mortgage rates and home prices remained elevated. The national median monthly payment for purchase mortgage applicants rose to $2,201 in March, up from $2,184 in February. That’s according to the Mortgage Bankers Association‘s (MBA) purchase applications
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