Hurricane Harvey has caused thousands in and around the Houston area to flee from the rising waters engulfing their homes and killed at least 14 people to date. In this time of crisis, Federal mortgage agencies Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA) have announced that they are suspending evictions and foreclosures on homes in eligible disaster areas impacted by Hurricane Harvey and secured by mortgages owned or guaranteed by one of the three agencies.
In the current real estate market, there is no shortage of prospective buyers who want to purchase a home, and real estate agents who want to help them accomplish this goal. What there is a shortage of, however, is homes for sale.
Dr. Ben Carson, the 17th secretary of the U.S. Department of Housing and Urban Development (HUD) made a brief visit to the National Association of Realtors midyear conference, where he was greeted with a standing ovation.
You would think that in 2017 that discrimination and red-lining (a discriminatory practice by which banks, insurance companies and businesses limit loans, mortgages, insurance or other products with specific geographic areas, especially in inner-city neighborhoods) would be a thing of the past. Unfortunately, the battle for minority clients and their agents is as tough today as ever.
The administration change this past January left some homebuyers scrambling when it came with a somewhat unexpected side effect in the form of an 11th-hour mortgage insurance premium rate reduction — and then a stroke-of-midnight repeal of that reduction.
NAGLREP founder Jeff Berger and NAGLREP Policy Committee Chair John Graff said they felt compelled to kick-start the summit because of the risk of losing the ground the LGBTQ community has made in recent years
Real estate professionals who had delayed closings to take advantage of the Federal Housing Administration’s annual mortgage insurance premium (MIP) cuts have to tell clients, “Just kidding.”
The Senate Banking committee had a hot seat reserved for Donald Trump’s Department of Housing and Urban Development (HUD) secretary nominee, Ben Carson, at this week’s confirmation hearing.
They’re called buyer letters, cover letters or simply “love” letters. They’re the missives put together by hopeful buyers to try to convince sellers to pick their offer, often providing details on the buyers and gushing about how much they love the home and how happy they would be there.
We hear it all the time. The burden of enlightenment, student loan debt, is preventing people from becoming homeowners. Housing and Urban Development (HUD) Secretary Castro, at a recent National Association of Realtors (NAR) event, claimed that student loan debt is the main obstacle preventing millennials from buying a home.
Most Americans face the specter of reduced income. It is no surprise that when they need a loan for a medical ailment or a personal loan, they find themselves left in a lurch. If they are going downhill, it makes sense to protect your retirement income. Borrowers can now use reverse mortgage (RM) and worry less.