Millennials’ unconventional credit habits may change scoring models
This generation has similar income and asset levels as most homebuyers, but they think about carrying credit differently, according to VantageScore Solutions’ latest study
by Lew Sichelman Dec 11
An appraisal contract with blueprints
Proposed rules would allow homes under $400K to be sold without being appraised by a licensed professional
by Patrick Kearns Nov 29
FHFA raises conforming loan limits to $484,350
The Federal Housing Finance Agency gives 2019 homebuyers a break with a 6.9% increase in the max loan amount Fannie Mae and Freddie Mac can purchase
by Lew Sichelman Nov 27
NAR is fighting for these 6 issues in the 2018 midterm elections
Flood insurance, housing and mortgage finance, net neutrality, data privacy, patent reform and taxes are all priorities for the 1.3 million-member trade organization
Millions of potential homebuyers won't qualify for new FICO score
Slated for 2019, UltraFICO model could widen pool of borrowers overall, but homebuyers seeking mortgages backed by Fannie and Freddie won't have access for years
by Teke Wiggin Oct 29
Home prices rose 0.3% in August
Pacific states saw the biggest uptick in home prices, while the Mid-Atlantic region actually saw a slight decrease
by Marian McPherson Oct 24
What your buyers should know about manufactured housing
Factory homes are titled by default as personal property, whether or not the buyer owns the land. Change this, and you're in for some savings
by Lew Sichelman Oct 24
Fannie Mae is 'pessimistic' about the housing market in 2019
Interest rates and a lack of affordability, especially for first-time homebuyers, led researchers to a dour housing forecast for next year
by Jim Dalrymple II Oct 18
A woman researching in a dictionary
Mortgage Translations provides English translations of important documents for Spanish speaking borrowers
by Marian McPherson Oct 15
Agent faces up to 5 years in prison for bankruptcy fraud
David Lyle Morgan allegedly committed crime in order to gain 'ill-gotten real estate commissions,’ according to the U.S. Attorney’s Office
by Andrea V. Brambila Sep 12
4 alternative housing finance structures that could work
Uncle Sam is charging $19B for secondary market reform — it should at least be worth it
by Lew Sichelman Sep 6
House home made of money dollars bills
Lenders increasingly prefer automation and so do millennials
White House wants to privatize Fannie Mae and Freddie Mac
The plan is designed to reduce taxpayer risk while creating a more competitive secondary market for mortgages
by Patrick Kearns Jun 22
Fannie Mae chooses top 3 affordable housing solutions to develop
Proposals from Florida, Ohio and Colorado passed the first round of the competition
Freddie Mac will offer job search assistance to rural homeowners
The government-sponsored enterprise will partner with NextJob to help homeowners at risk of foreclosure
by Emma Hinchliffe Jun 15