In this letter to the editor of the Wall Street Journal, Chris Polychron talks about Obama’s recent policy changes to make mortgages more affordable.
The National Association of Realtors® applauds new policy initiatives announced today by President Barack Obama that will enable more first-time and underserved homebuyers to enter the housing market while preserving strong underwriting standards and protecting taxpayers from unnecessary risk.
Home equity lines of credit, once popular during the housing boom days, are back, but home owners are using them more cautiously, lenders say.
A sector of the market that took a lot of blame for causing the financial crisis is slowly re-emerging.
Finances are holding back many 20- and 30-somethings from buying a home, the Los Angeles Times reports, so more relatives are stepping in to help.
Reverse mortgages are expected to be an increasing option that baby boomers turn to as they age to cover living expenses, but heirs may get stuck with the final balance due.
Rising mortgage rates and tighter underwriting standards are prompting some borrowers to seek smaller lenders for a mortgage.
For the fifth consecutive week, mortgage applications slipped, reaching the lowest level since early September.
The Consumer Financial Protection Bureau has announced that new forms simplifying the paperwork that borrowers receive when applying for loans will go into effect in August 2015.