HispanicLending.com, Dallas, has launched "Casa de Sueno," a new downpayment assistance gift program that offers qualified Hispanic buyers in all 50 states up to 10% of the purchase price of their new home.Executives said industry data continue to show that lack of downpayment funds remains one of the biggest barriers to homeownership. The program may also be used for closing-cost expenses and will be administered by AmeriDream Inc., a nonprofit provider of affordable housing opportunities for low- to moderate-income individuals and families. Other benefits of the program include a homebuyer education course and flexible qualifications for both first-time homebuyers and homeowners, regardless of age, race, creed, or gender, HispanicLending.com said. The company can be found online at http://www.hispaniclending.com.
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The latest government-sponsored enterprise changes include a more flexible sampling and a longer maximum term for some manufactured housing loans, respectively.
5h ago -
The product preserves borrower's first mortgage, and its potentially lower mortgage rate, without requiring the new monthly payments of a traditional HELOC, FOA says.
6h ago -
The White House's proposed 2027 budget would slash funding to the Community Development Financial Institutions Fund, the latest in an ongoing campaign from the Trump administration to dismantle the politically popular program.
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Mortgage rates rising nearly 40 basis points from early-year lows have pushed some buyers out of the market, even as inventory and affordability remain better than a year ago, ICE Mortgage Technology found.
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Lawsuits and probes are ramping up, and some courts have broadened the lending law's statute of limitations, said Bradley Partner Jonathan Kolodziej.
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New jobs in health care largely drove the gains, while the federal workforce and finance continued to shrink.
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