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Mortgage applications increased 2.0% for the week ending Dec. 3, 2021, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey.

The findings:

The Federal Housing Administration (FHA) recently announced new loan limits for calendar year 2022 for its Single Family Title II forward and Home Equity Conversion (reverse) Mortgage (HECM) insurance programs. Loan limits for most of the country will increase in the coming year resulting from robust house price appreciation, which is factored into the statutorily mandated calculations FHA uses as part of its methodology for determining the limits each year. The new loan limits are effective for FHA case numbers assigned on or after Jan.1, 2022.

The U.S. Department of Housing and Urban Development (HUD) recently put out a statement clarifying the role of Special Purpose Credit Programs as a way to tackle disparities in access to homeownership.

Second Century Ventures (SCV), the strategic investment arm of the National Association of REALTORS®, opened applications for the 2022 U.S. REACH and REACH Commercial scale-up programs. SCV, the most active global venture fund in real estate technology, operates the award-winning REACH technology scale-up program across North America, Europe, Australia and Asia-Pacific.