Why sellers are shunning FHA and VA offers
FHA and VA loans are essential to first-time buyers, who account for about 4 out of every 5 FHA purchase loans. However, in today's market, sellers are quick to dismiss offers that come with this type of financing. Here's why
by Steve Cook Sep 30
Mortgage insurer Enact's IPO is back on track
With investors showing renewed confidence, Genworth Financial is ready to move forward with plans to sell part of its mortgage insurance subsidiary in an initial public offering
by Matt Carter Sep 15
Individuals to get better shot at buying foreclosed homes
Biden administration to give owner occupants, nonprofits more opportunities to buy homes before they're snatched up by large investors
by Matt Carter Sep 1
Deep dive into mortgage data claims glaring racial disparities
Journalists at watchdog say credit scores and algorithms used by Fannie Mae and Freddie Mac could be to blame
by Matt Carter Aug 26
Exterior view of Custom styled home with manicured lawn and landscaping.
Rates on jumbo loans are currently lower than conventional mortgages, but could surge higher in the months ahead
by Matt Carter Jul 12
FHA relaxes underwriting for student loan borrowers
Lenders can use borrower's actual monthly student loan payment when calculating their overall debt burden
by Matt Carter Jun 25
Forbearance rate drops for 7th week in a row
2.3M homeowners still aren't making their monthly mortgage payments
by Matt Carter Apr 19
Big mortgage insurer may jump on IPO bandwagon
After throwing in the towel on a $2.7 billion merger, Genworth Financial is considering spinning off its mortgage insurance division
by Matt Carter Apr 13
Helping-first-time-homebuyers-5-financial-tips-Zolo
With the pandemic’s impact on homeowners still uncertain, Secretary of Housing Marcia Fudge says a cautious approach is warranted for now
by Matt Carter Mar 31
How to help cash-strapped buyers overcome financing hurdles
Opinion
For some homebuyers, down payment assistance can prove to be a game-changer. Here's why, at the very least, real estate agents should familiarize themselves with affordable financing options for purchasing a home
by Teresa Boardman Feb 11
Home prices in October rose at the highest rate in 15 years: FHFA
Prices were up 10.2% from October 2019 to October 2020, according to the Federal Housing Finance Authority's monthly home price index, released on Wednesday
by Patrick Kearns Dec 23
Former Obama adviser: Expect Biden to prioritize housing
Jim Parrott, a nonresident fellow at the Urban Institute, said housing is 'not an abstraction' for the president-elect at National Association of Realtors' Real Estate Forecast Summit
by Andrea V. Brambila Dec 11
How MLSs can foster and advance fair housing
The Council of MLSs is forming a task force to explore the role MLSs can play in stamping out housing discrimination. Panelists at CMLS's annual conference had some ideas
Mortgage applications down 6.5% but home purchase market 'a bright spot'
Purchase applications are up 33% compared to a year ago — the 14th straight week of annual gains — according to a new survey from the Mortgage Bankers Association
by Andrea V. Brambila Aug 26