Uncle Sam Offers a Boost to Fixer-Uppers
The Federal Housing Administration is poised to update the 203(k) program, which allows borrowers to purchase a house and include the cost of repairs or rehabilitation in a single mortgage.
White House Acts to Boost Housing
The Biden administration is taking steps to help create more affordable houses and apartments, including accessory dwelling units, which could help fill the inventory gap that plagues the housing sector.
FHA Reduces Mortgage Insurance Premium
The Federal Housing Administration has reduced the annual mortgage insurance premiums charged to homebuyers who obtain an FHA-insured mortgage.
FHA Offers Helping Hand to Buyers With Student Debt
The Federal Housing Administration announced Friday that it plans to make it easier for homebuyers with student debt to access FHA single-family loans.
FHA Extends Foreclosure Moratorium Again as Forbearance Requests Rise
Homebuyers who are struggling with their mortgages thanks to the struggling COVID economy have another two months of safety before the foreclosure ax begins to swing.
FHA and FHFA Extend Foreclosure and Eviction Moratorium
The Federal Housing Administration and the Federal Housing Finance Agency have extended their COVID-19 foreclosure and eviction moratoriums for the second time, this time for two months.
Foreclosures Suspended for GSE, FHA Mortgages
Homeowners with mortgages backed by Fannie Mae and Freddie Mac won’t have to worry about foreclosures or evictions during the coronavirus crisis.
FHA Changes to Help First-Time Condo Buyers
The Federal Housing Administration is changing regulations to make it easier for more first-time condominium buyers to receive mortgages.
New FHA Mortgage Standards Could Shut Out Some Buyers
Mortgage company executives say they are bracing for reductions in their FHA business by anywhere from 10 percent to 30 percent as a result of the agency’s new underwriting rules, the product over concerns about worsening loan quality.
More Americans Are Paying Mortgages on Time
It’s a real estate and social barometer that doesn’t get a lot of publicity, but it’s important: More Americans are paying their mortgages on time today than they have in nearly two decades – maybe even longer.
Your FICO Score is Not Your Mortgage Destiny
A new statistical review conducted by Lending Tree suggests that, depending on market conditions, a “good” 700 FICO score could get you nearly as attractive a rate deal as someone with an 800-plus score.
Impact of Federal Shutdown Expected to Grow in Connecticut
About 1,500 federal workers in Connecticut affected by the shutdown. The longer it lasts, the more its effects will be felt – not only in the Washington D.C. area, home to hundreds of thousands of federal employees, but in every state, including Connecticut.
New Options Open for Homeowners Seeking a Reverse Mortgage
You’ve probably seen actor Tom Selleck suavely pitching federally insured reverse mortgages on TV and thought, hmm, that sounds interesting.
Relaxed FHA Requirements Provide Path for Would-Be Buyers
Is it easier today for homebuyers with a high debt ratio and sub-par credit scores to qualify for a mortgage than it’s been in years?
Mortgage Applications, Interest Rates Continue to Climb
The Market Composite Index, a measure of mortgage loan application volume, increased 0.3 percent on a seasonally adjusted basis from one week earlier.
Lenders Who Prey on Veterans Hurt Other Homebuyers as Well
Could predatory lending practices affecting veterans also be inflating interest rates paid by thousands of unsuspecting homebuyers using FHA loans?
Interest Rates And Applications Fell Last Week
Mortgage applications decreased 4.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Dec. 15.
MBA Reports Applications Down Again Last Week
Mortgage applications decreased 0.5 percent from the week prior for the week ending Sept. 22, 2017, per the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey.
Mortgage Applications Spiked As Rates Dipped Last Week
Mortgage applications increased 9.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Sept. 8.
Mortgage Applications Down Slightly As Rates Remain Flat
Mortgage applications decreased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Aug. 25, 2017.
