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Lending Standards
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Home buyer affordability is staying high due to ultra low rates, Freddie Mac reports.
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About a quarter of first-time home buyers use gifts from relatives to fund a down payment for a home purchase. Be sure your buyers follow these five tips to avoid any financing problems caused by these gifts.
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"Buyers shouldn't expect that getting a loan will get easier anytime soon, even though rates probably can't get much more attractive," The Wall Street Journal reports.
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Record-low rates are driving more borrowers to seek shorter-term mortgages.
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In an effort to make up for a large budget shortfall, the Federal Housing Administration is tightening up certain mortgage standards next year.
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Washington is seeking a more balanced role in the home buying market, but Brian Moynihan warns that too much of a government pullout could block access to ownership for many borrowers.
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Many borrowers fail to unlock big savings on their mortgage costs because they take the first quote they get from a lender, a new survey shows.
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The housing market has made strides toward recovery but will be constrained until lenders loosen up a bit, according to a new report.
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The median down payment provided by home buyers dropped this year to its lowest level since 2009.
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Home owners who experienced foreclosures are finding themselves owning again sometimes only three years later—possibly even less—with Federal Housing Administration-backed loans.