New-home sales rose 5.8% to a seasonally adjusted rate of 640,000, according to data released Friday by the US Census Bureau and Department of Housing and Urban Development
Prosecutors say Alex Ashod Dadourian, a licensed mortgage loan broker, fabricated income and employment verification documents to win approvals for 17 mortgages totaling more than $8M
Monthly housing starts rose 12.2% in August to a seasonally adjusted rate of 1,575,000, according to US Census Bureau data released Tuesday. August 2022 levels fell 0.1% year over year
The Department of Veterans Affairs allows desktop appraisals when borrowers put 20% down, but nearly 90% of VA-backed loans are made to homebuyers who put zero down
The NAR, MBA and NAHB argue that the Federal Housing Administration is flush with cash, and that delinquency rates on FHA loans have returned to pre-pandemic lows
Lending practices are killing Black neighborhoods across the country, by making it so that only investors can afford to buy in them, HUD Secretary Marcia Fudge said in a new interview
Women and adults under 30 did see improvements to their credit scores in pioneering a randomized study of 5,854 prospective first-time homebuyers
Longer loans, including a 50-year concept recently floated in the UK, are sometimes framed as a way to improve housing affordability. But the experts aren't convinced
Sales of newly built homes shot up 10.7% from April to May, with 696,000 new homes sold over the course of the month, according to data released Friday by the US Census Bureau
The federal housing agency has given staff 6 months to consider changes to policies that create barriers to people with criminal histories
Overall housing starts increased 1.4% month over month in December to a seasonally adjusted rate of 1.70 million units, according to the the Department of Housing and Urban Development
After increasing by a modest 0.4% in October, new home sales saw a 12.4% increase in November, according to the US Census Bureau and Department of Housing and Urban Development
Government agencies are looking to better quantify risks from climate change, a step with implications for government-backed home loans
New home sales are still up 9.2% year over year but have been falling since March, likely as a result of high home prices due to the rising cost of construction materials like lumber
Analysts say unemployment will continue to be an ongoing issue even as the pandemic subsides