FHA loans are known as low FICO score products, and that's a problem in this new coronavirus world we live in. Warehouse lenders are lowering the boom.
The battle among the three main federal housing agencies to attract more borrowers is getting more aggressive, according to the American Enterprise Institute.
The recent government shutdown had a minimal impact on mortgage lending activity partly due to its timing. The 35-day shutdown, which began on Dec. 22, coincided with the holiday season, which is typically a slow time for the housing market.
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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