New rules that go into effect on Sept. 30 will place more limits on how much and when home owners can tap the equity in their homes.
Fannie Mae recently released its rankings of top mortgage servicers, based on metrics such as customer service, performance outcomes, and foreclosure prevention efforts.
Prospective home buyers who don't have a long credit report may still be able to show lenders they're worth the risk by showing off their nontraditional credit.
Even borrowers with stellar credit who are making a 20 percent down payment are forking over more money at closing time.
More potential home buyers are turning to margin loans for short-term financing to close on a purchase or win a bidding war.
Prices are increasing quickly, though that may not always be the most healthy development for the economy. Also, banks may soon loosen overly strict requirements, but a choke point remains in new-home construction.
Topics: Lending Standards
NAR and other real estate organizations made a clear case for not harming the attractiveness of home mortgage lending with increased capital requirements.
Empty nesters and downsizers may find that retirement accounts and credit ratings don't satisfy lenders.
The housing recovery appears to be growing stronger across the country, so why are some analysts still concerned?