Housing Market Roundup Nov. 23, 2022

We’ve had a flurry of reports ahead of the Thanksgiving holidays; here’s a quick summary of what’s happening:

#MBAAnnual22: Ginnie Mae, FHFA, FHA Go Big

NASHVILLE—Presentations by government agencies at major events such as the Mortgage Bankers Association’s Annual Convention & Expo can be pretty staid affairs. Not so this year. On Monday, Ginnie Mae, the Federal Housing Finance Agency and FHA made one major announcement after the other, literally creating their own news cycle.

MBA, Black Homeownership Collaborative Urge HUD to Reduce FHA Mortgage Insurance Premiums

The Mortgage Bankers Association and several trade associations representing the Black Homeownership Collaborative sent a letter to HUD Secretary Marcia Fudge this week urging the Department to make meaningful reductions to the annual Mortgage Insurance Premium and suspend life-of-loan requirements for borrowers with FHA-insured loans.

Industry Briefs Oct. 6, 2022: HUD Allocates $28M to Fight Housing Discrimination

HUD announced $28,625,000 available to fair housing organizations across the nation working to fight housing discrimination. The funds will support a variety of activities, including fair housing education and outreach, testing and enforcement, through the Department’s Fair Housing Initiatives Program.