In an effort to make up for a large budget shortfall, the Federal Housing Administration is tightening up certain mortgage standards next year.
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.
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.
The housing market has made strides toward recovery but will be constrained until lenders loosen up a bit, according to a new report.
The median down payment provided by home buyers dropped this year to its lowest level since 2009.
Home owners who experienced foreclosures are finding themselves owning again sometimes only three years later—possibly even less—with Federal Housing Administration-backed loans.
While standards for FHA loans have stayed about the same as they were in 2006, borrowers with credit scores lower than 660 are facing a tougher time in getting approved these days.
More applicants could qualify for a mortgage if lenders took a broader look at an applicant's credit data, according to a new study.
Only 30 percent of borrowers who defaulted on their mortgage in 2001 had returned to the housing market within 10 years, a new study finds.
"For many Americans, housing is still a crisis, and they are anxiously waiting for solutions," RE/MAX chairman Dave Liniger wrote to the presidential candidates.