FHA and VA latest mortgage servicers to relax standards
The federal mortgage servicers recently joined Fannie Mae and Freddie Mac in offering alternatives to traditional appraisals and employment verifications
by Lillian Dickerson Mar 31
Digital mortgage lender Better.com to hire laid off hospitality workers
The company is aiming to hire 1,000 additional workers this year and wants to pull from the industry hit hardest by coronavirus-fuled layoffs
by Patrick Kearns Mar 30
Housing protections in the stimulus bill explained
The 880-page bill signed into law by Trump on Friday includes credit protections, foreclosure moratoriums and forbearance on some mortgages
by Patrick Kearns Mar 28
Fannie Mae, Freddie Mac ease appraisal standards amid coronavirus
The federal loan servicers announced an adjustment of long-held appraisal and employment verification standards in order to help facilitate mortgages amidst the COVID-19 outbreak
by Lillian Dickerson Mar 25
Major banks agree to mortgage grace period in California
Gov. Gavin Newsom announced Wednesday that Wells Fargo, Citibank, JP Morgan and U.S. Bank would give homeowners a 90-day grace period
by Jim Dalrymple II Mar 25
Homeowners may delay mortgage payments up to 1 year due to virus
The move by Fannie Mae and Freddie Mac came days after President Trump announced that delayed mortgage payments may be an option for borrowers amidst the coronavirus pandemic
by Lillian Dickerson Mar 23
Share of first-time buyers reaches highest peak since 1993
The number of first-time homebuyers exceeded 2 million for the third consecutive year in 2019, according to Genworth Mortgage Insurance
by Marian McPherson Mar 18
Trump may allow homeowners to delay mortgage payments
The administration didn't make clear how borrowers might catch up on payments later on
by Lillian Dickerson Mar 18
California governor stops evictions amid coronavirus outbreak
Gov. Gavin Newsom's order is meant to be a lifeline to people whose wages are shrinking as the coronavirus tanks the economy and forces people into isolation
by Jim Dalrymple II Mar 17
Fed cuts interest rate to nearly zero. What does it mean for real estate?
Realtor.com Chief Economist Danielle Hale believes mortgage rates could go lower this week, but rates and affordability won't be the only thing impacting the housing market
by Patrick Kearns Mar 16
Inman News quiz, March 13: Think you're on top of the week's stories?
The real estate industry threw some curveballs. Take Inman's real estate news quiz to demonstrate how strong your talking points and cocktail banter are this week
by Inman Mar 13
mortgage applications
Despite the slight rise in rates, homebuyer demand remains strong, according to Redfin Chief Economist Darryl Fairweather
by Patrick Kearns Mar 12
Mr. Cooper
What would the overall impact of suspending mortgage payments be on the US economy? A Keller Williams economist weighs in
by Patrick Kearns Mar 10
Economists say consumers should lock in low mortgage rates now
Mortgage rates reached the lowest point in 50 years last week, and one economist predicted they could plummet even more this week
by Patrick Kearns Mar 10
30-year mortgage rates hit lowest point in 50-year history
The average 30-year mortgage hit an all-time low of 3.29% this week, according to data from Freddie Mac
by Patrick Kearns Mar 5
Breaking down the housing proposals of Biden and Sanders
The race for the Democratic presidential nomination effectively narrowed to a two-man race Tuesday. But Joe Biden and Bernie Sanders have very different ideas about housing
by Jim Dalrymple II Mar 4