Down Payments Have Doubled for Low-Priced Homes



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Buyers looking at lower-priced homes are not only facing major inventory hurdles, they’re also finding that they have to bring more money to the closing table.

Carol Galante Quits FHA Commissioner Role



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Federal Housing Administration Commissioner Carol Galante announced that she would resign by the end of the year.

Banks blame new QM rules for fewer home loans



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New mortgage rules enacted this year are prompting banks to issue fewer home loans, according to a Federal Reserve Board report released this week.

Can’t get a Mortgage? Try a Bigger Lender



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Demand for mortgages rose during the second quarter, but a strong divergence between larger and smaller lenders in underwriting credit standards is appearing.

RealtyTrac: 21% of Foreclosures are ‘Zombies’



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Zombie foreclosures are still haunting the housing market, representing one in every five foreclosures nationally, according to RealtyTrac, a housing data firm.

Short Sales Falling Out of Favor with Underwater Homeowners



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Real estate professionals say that their underwater sellers are less likely to consider a short sale, even if faced with foreclosure.

Most Buyers Misjudge Down Payment Requirements



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Many consumers are overestimating the down payment they need in order to purchase a home, according to Christina Boyle, vice president and head of single-family sales at Freddie Mac.

Would You get a Mortgage from Google or Amazon?



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In an interesting study published by RealtyTrac, it’s been revealed that many people would prefer to get a mortgage through Google or Amazon rather than a traditional lender.

Survey: Most Buyers Underestimate Impact of PMI



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Sixty-five percent of home owners with private mortgage insurance (PMI) say that the additional cost has prompted them to pay a higher monthly mortgage payment than they had originally expected

Tips to get Approved for your Mortgage



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With new mortgage rules and regulations in place, buyers may face more obstacles when applying for a mortgage.