Buyers are coming up with bigger down payments than ever before



As would-be buyers struggle to compete against each other due to a tigher-than-ever supply of available homes to buy, some are upping the ante by putting down larger down payments

Too much paperwork with mortgage applications, borrowers say



Home buyers wish the process of obtaining a mortgage could be both faster and less confusing. But at the same time, they’d also like more personal interaction

Relaxed rules boost “millions” of consumer’s credit scores



Millions of consumers’ credit scores have increased following an overhaul in the way the major credit report agencies factor in negative information about their histories.

Fannie Mae and Freddie Mac offer mortgage relief to California’s wildfire victims



Fannie Mae and Freddie Mac, the two government-sponsored entities that finance the majority of mortgages in the U.S., have announced relief for homeowners affected by the record-breaking wildfires currently affecting California. The two GSEs said borrowers living in disaster zones that have been officially declared as such by the Federal Emergency Management Agency may be […]

Zillow expands its business as it acquires Mortgage Lenders of America



Zillow is getting into the mortgage game as it bids to own more of the home buying process. The company has just acquired Mortgage Lenders of America to fuel its new bid,

FHFA suspends plans to update its credit scoring model



This week it was revealed that an initiative to update the Federal Housing Finance Agency’s credit score model, which is used by both Fannie Mae and Freddie Mac, is being suspended.

Does the availability of mortgage credit impact presidential elections?



A new research paper suggests that changes in the availability of mortgage credit can have an impact on voting patterns during U.S. presidential elections. The paper, written by researchers Alexis Antoniades of Georgetown University and Charles W. Calomiris of Columbia University, analyzed swings in mortgage credit to see if they had any impact on voter’s […]

3 good reasons to buy a home this year



An article in MagnifyMoney points out that one reason is that mortgage rates remain at historic lows,

Home equity is growing, but homeowners refuse to tap into it



With home prices continuing to rise, homeowners are becoming increasingly “equity rich”. But that hasn’t tempted many to take advantage of the situation, as the number of home equity lines of credit stays flat.

Freddie Mac expands appraisal waiver to condo buyers



Condo buyers and refinancers could be eligible for a new program that allows them to bypass a traditional in-person appraisal with a faster automated process, Freddie Mac said last week.

Sign up Now and get our guide on Video Marketing for Real Estate Professionals for Free

Sign up to the Realty Biz News mailing list to get updates from our site and also get our guide to Video Marketing for Real Estate professionals for free