Regulators order mortgage giants to eliminate upfront fees on many purchase loans in order to help first-time homebuyers of limited means, the Federal Housing Finance Agency said Monday
Knowing more about how FHA works — and how to work with FHA — helps agents identify opportunities for their first-time buyer clients, who make up one in three buyers today. FHA is not for everyone, but for millions of young families, it is the piece that is solving the homeownership puzzle.
The new model will have greater predictive powers while reducing risk for lenders
The credit reporting firm said this week that the average score has now hit 706, marking a dramatic turnaround from a decade ago when average scores bottomed out
Only 1 in 10 young consumers bother checking their credit scores, according to recent research
Mortgage lenders using old FICO score versions is a problem
If credit is tight today, why has the rate of decline of applications fallen?
Plus 6 tips to help your clients' credit scores
Expanding homeownership is a goal of both HUD and NAR
When baby boomers expect a bigger profit from their life's investment, it might mean millennials can't buy
Plus my favorite new tech
Stay ahead of the curve with these real estate trends and real estate marketing insights
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Process can be confusing, but these steps will help you find your way