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.
Topics: Lending Standards
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.