Tinkering With Mortgage Qualifications



It had to happen sooner or later. The lower volume of mortgage applications is resulting in some tinkering to find more consumers that can qualify. Fannie Mae, Freddie Mac, and major lenders aren’t necessarily

California wildfire victims to get mortgage relief



Homeowners whose properties have been lost or damaged by the wildfires in California this year might be able to defer their mortgage payments

Parents are refinancing their homes to help their kids win ‘bidding wars’



With bidding wars becoming increasingly prevalent in a housing market that’s plagued by low inventories, some parents and their adult children are teaming up to help them better compete.

Mortgage application fraud grows 17% in first half of 2017



Mortgage fraud is back in vogue with reports suggesting that a growing number of borrowers are lying on their loan applications.

Home builder Lennar offers to help pay off some student’s debts with new mortgage deal



Home building firm Lennar Corp. is trying to make it easier for new graduates saddled with student debt to buy a home. The company has just launched a new mortgage product wherein it promises to help young adults

Lenders are easing standards, making it easier to obtain a mortgage



Government-backed mortgage services Fannie Mae says that lenders are easing their standards for consumers to qualify for a mortgage.

Freddie Mac says sales will rise in 2018 as new home starts increase



It might be a bit early to start making predictions for real estate in 2018, but that hasn’t stopped Freddie Mac from attempting to do so.

Mortgage applications rise on low interest rates



The number of mortgage applications finally grew last week, thanks to a surge of refinancing applications that came about as interest rates headed south.

HUD plans tougher limits on reverse mortgages



Reverse mortgages could be about to lose their sheen after the Department of Housing and Urban Development said it will increase premiums and tighten loan limits

Industry bodies form alliance to push for alternative credit scoring model



The National Association of Realtors is teaming up with a number of housing and mortgage trade associations to ask the Federal Housing Finance Agency to enable greater access to mortgage credit by using “alternative credit scoring models”.

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