Funding needed to construct houses is fairly plentiful, but homebuilders are still having trouble lining up financing to purchase and develop land. As a result, buildable lots are in short supply and far more expensive. more »
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Fifth Third Bancorp in Cincinnati said Thursday that it will spend $27.5 billion over the next five years to provide loans and other financial services to underserved communities in its region.
Mortgage applications for new home purchases increased 14% on an unadjusted basis from the month before, according to data from the Mortgage Bankers Association's Builder Application Survey.
Bank of Botetourt in Buchanan, Va., said Thursday it has opened a mortgage division to pursue unmet demand for home loans in southwestern Virginia.
Mortgage rates fell for the sixth straight week as market volatility continued, according to the Freddie Mac Primary Mortgage Market Survey.
Sales of single-family homes across the Houston area fell for the fourth straight month in January, but the dip was more moderate than previous declines and the mid-priced segment of the market saw gains.
The financial crisis turned a lot of Americans into renters, because they couldnt keep paying their mortgage, or because high unemployment and stagnant wages in the ensuing years forced them to put off homeownership.
The Federal Home Loan Bank system is not a private country club and shouldn't be operating as one. Captive insurance companies represent new potential to expand homeownership opportunities for credit-worthy borrowers.
Despite the historic snowfall late last month, sales of homes in the Baltimore-area rose in January, according to a report released Wednesday.
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