More banks are beginning to accept lower credit scores and smaller down payments, making it easier for borrowers to qualify for a mortgage, according to a new report.
Nearly half of the nation's foreclosed homes are still occupied, according to a new study by RealtyTrac. That number is even higher in some markets.
"The housing recovery keeps chugging along despite a constant barrage of disruptions to the broader economy," says the mortgage giant's chief economist.
Topics: Existing-Home Sales
Mortgage applications for home purchases ticked up last week as mortgage rates dropped to their lowest level since June, the Mortgage Bankers Association reported.
Topics: Lending Standards
The inventory problem that has plagued many parts of the country over the past year is showing signs of improving.