Government shutdown impacts housing. FICO direct lending program and FHFA affordable housing goal changes are proposed, raising concerns about costs and access. NFIP lapse adds to worries.
Rocket expands its mortgage dominance by acquiring Mr. Cooper and Redfin. This move strengthens its market share and offers new opportunities for customer acquisition and homeownership access.
Assumable home loans offer buyers sub-4% rates, a powerful option often overlooked. With 20-25% of US mortgages assumable (FHA, VA, USDA), it's a win-win for buyers, sellers and lenders amidst market gridlock.
