The United States Senate today passed legislation now called the 21st Century ROAD to Housing Act, a comprehensive, bipartisan legislative package designed to increase housing supply and access. The bill will now have to be sent back to the House, where it must face reconciliation and another vote before going to President Donald Trump’s desk.…
As part of the Federal Housing Finance Agency (FHFA) overseeing the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, the FHFA is required to set annually updated benchmark goals for how the GSEs’ mortgage purchases will help contribute to affordable housing for lower-income households. On Tuesday, December 23, the FHFA set its enterprise benchmark housing…
American homebuyers are about to see their borrowing costs rise as credit scoring company FICO hikes the fees it charges to pull credit scores and reports for home loan applications. Mortgage lenders are reporting price increases of up to 50% for 2026 for credit score pulls, the fourth consecutive year of price jumps for the…