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With low down payment and credit score requirements, the Federal Housing Administration loan program is an attractive option for first-time homebuyers. Here's a look at the top 10 housing markets for FHA lending.
February 21 -
Freddie Mac is ramping up its use of credit risk transfers, completing $215 billion in single-family transfers last year, up to $600 billion since 2013.
February 17 -
The change of power in the White House will not affect Fannie Mae's focus for 2017 in bringing innovations similar to the Day 1 Certainty program to its customers, CEO Timothy Mayopoulos said in an interview.
February 17 -
The new entity, called Guaranteed Rate Affinity, will primarily originate and market its services to Realogy's real estate brokerage and relocation subsidiaries.
February 16 -
PHH Corp. has struck a deal with LenderLive to sell its private-label mortgage operations in Jacksonville, Fla., to the Denver-based mortgage services provider.
February 16 -
JPMorgan Chase has partnered with fintech firm Roostify to build a digital self-service mortgage platform that will allow consumers to upload and electronically sign mortgage documents.
February 16 -
Despite the implementation of the TILA-RESPA integrated disclosure rule, more than half of homebuyers continue to be surprised by closing costs, according to a report from ClosingCorp.
February 16 -
Freddie Mac's net income increased to $4.8 billion in the fourth quarter, more than double what it earned a quarter earlier, the government-sponsored enterprise announced Thursday.
February 16 -
Builders started work on more homes than forecast in January after an upward revision to starts in the prior month, a sign construction was on a steady path entering 2017.
February 16 -
Loan applications for new home purchases increased 9.2% year over year in January, according to the Mortgage Bankers Association.
February 15 -
Zeus Mortgage in Houston is positioning its new online crowdfunding platform as an alternative to traditional mortgages for property buyers and others having trouble borrowing to remodel homes or fund construction projects.
February 15 -
The refinance share of mortgage activity decreased to 46.9% of total applications, its lowest level since June 2009, from 47.9% the previous week.
February 15 -
Changes in the housing market are creating new opportunities and challenges for credit unions, including how they market themselves to potential borrowers.
February 14 -
Fairly or not, the millennial generation has a reputation as footloose and fancy-free. Or, to put it less kindly, slow to launch slower to get married, buy a house, and have kids than the young people of previous generations.
February 14 -
Real estate loans have been growing over the last few years despite a number of headwinds, but can credit unions build on that trend as interest rates rise?
February 13 -
Nonbank mortgage company Cornerstone Home Lending has launched a new mortgage company as a joint venture with homebuilder Oakwood Homes.
February 10 -
Quicken Loans has named a new CEO to replace Bill Emerson, who is transitioning to a role with the Detroit lender's parent company, Rock Holdings.
February 10 -
Mortgage software provider Ellie Mae reported a 126% increase in net income during the fourth quarter, driven by an increase in users and loan volume.
February 9 -
Net income rose sharply from a year earlier during the fourth quarter at Stewart Information Services Corp., while it held steady at First American Financial Corp.
February 9 -
There were 89 markets that had the all-time high in median sales price last year with these 10 posting the biggest percentage gain over 2015.
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