The Federal Housing Finance Agency is reportedly analyzing the feasibility and cost of principal mortgage reductions for some borrowers under a revamped Home Affordable Modification Program. If the FHFA starts granting mortgage write-downs, it would be viewed as a major reverse of course from an agency that has in the past opposed principal write-downs.
An improving economy is contributing to a gradual rebound in home prices across the country, according to mortgage giant Freddie Mac’s 2012 Economic Outlook report, released Wednesday. But there is still a way to go in the road to recovery for the housing market, the report noted.
Not only are today's home buyers more receptive to living adjacent to cemeteries, say real estate agents, some are even proactively seeking out these locations.
Mortgage applications for Federal Housing Administration loans soared 11 percent from the previous week as borrowers try to rush their applications in to beat the higher FHA costs that will start rolling out on Monday, according to the U.S. Mortgage Market Index report released from Mortech Inc. and Mortgage Daily.
Americans still believe in home ownership, but they’re spooked about the mortgage process, a survey finds. Two-thirds of renters -- across educational and demographic levels -- say they want to purchase a home in the future, according to a quarterly national housing survey of 3,000 Americans conducted by Fannie Mae.
The Rural Development Subcommittee of the House Agriculture Committee this week held a hearing on "duplicative federal rural development programs".