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Why did we just see the highest new home sales print in years?
Based on application data, the MBA projected new home sales to be 724,000 so the 743,000 figure isn’t too surprising.
FEMA rescinds strategic agency plan ahead of hurricane season
The rescission of the FEMA plan was attributed to the Trump administration’s efforts to reduce “bloat,” a spokesperson said.
HUD names new CIO as judge pauses mass firings at the agency
As HUD gets a new CIO, a judge on Friday paused further mass firings at the agency and several others, stalling downsizing efforts.
FHA or conventional? After LLPA tweaks, the calculus changes for some
The FHFA’s new LLPAs mean the agencies are competing with the FHA for certain borrowers. Here’s how LOs are navigating the shift.
Leaders struck a debt ceiling deal. What it means for mortgages
The debt ceiling deal represents momentary relief for the mortgage market, as it reduces the chances of a federal government default.
