Why the sudden spike in foreclosures last month?



Foreclosure filings jumped by 27 percent in October 2016 compared to the previous month, having previously hit their lowest level in 129 months in September

What your clients need to know about cash gifts for down payments



It’s fairly normal for first-time buyers to receive down payment assistance from family members or close friends, but not everyone realizes there are quite strict rules in place that need to be adhered to.

FHA report shows how home ownership could be made more affordable



The Federal Housing Administration’s newly released actuarial report shows that the Mutual Mortgage Insurance Fund is on a steady financial trajectory

Trump win causes mortgage rates to spike



Mortgage rates in the U.S. have soared in the week since Republican party candidate Donald Trump surprised the world with his election win, with the benchmark 30-year fixed rate mortgage rate rising to 4.01 percent

Zillow: Blacks & Hispanics twice as likely to be refused a mortgage



White and Asian borrowers are more likely to be approved for a conventional loan than black or Hispanic borrowers, according to the latest federally released data from the Home Mortgage Disclosure Act (HMDA).

Avoid Losing an Already Approved Mortgage



You’ve spent hours and hours looking at potential investment houses or even for your primary residence. You’ve found the perfect property and had your offer accepted. Submitting the required paperwork for the mortgage seems to have included documenting when you first started putting coins in a piggy bank as a child.

Freddie Mac pilots new lending program for first-time buyers



Freddie Mac has launched a new pilot lending program with two non-bank lenders that eases the income and documentation requirements that come with a standard mortgage application.

CoreLogic: Half a million homeowners regained equity in Q2



CoreLogic had some good news for the economy in its latest equity report, revealing that just over 548,000 homeowners regained equity in the last quarter.

How to Save with a No Closing Cost Reverse Mortgage



One of the knocks against reverse mortgages, in general,are the closing costs. These tend to be higher than traditional mortgages and for many borrowers, this is part of the reason why they never pursue one.

Women more reliable than men at paying off the mortgage



Women are more likely to keep up to date with their mortgage repayments than men, according to a new Urban Institute study.