Report: Home affordability “unnervingly low’ for lower-income buyers



The double-whammy of of rising home prices and interest rates is creating a tough environment for would-be home buyers, making monthly mortgage payments on even modestly priced homes more of a financial burden. A monthly mortgage payment for a typical U.S. home requires 17.5 percent of the median income, up from 15.4 percent a year […]

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

First-time buyers have snapped up more than 985,000 homes so far this year



Home sales might be slowing down, but that’s not the case with first-time buyers according to a new report by Genworth Mortgage Insurance.

Experian study reveals most millennials won’t qualify for a mortgage



The majority of millennials are struggling with their credit scores, and less than half of them are considered to have a prime or better score, which would make them eligible for a mortgage.

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.

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,

Most lenders struggle to implement digital mortgage tech in time



Mortgage lenders are increasingly moving towards so-called “digital mortgages” in which many providers attempt to complete the majority, if not the entire, application process online.

Fannie & Freddie privatization should be ushered in gradually, experts say



If the federal government is to go through with its proposed privatization plans for mortgage servicing giants Fannie Mae and Freddie Mac, any changes must be thought through very carefully to ensure the availability of safe and affordable

Trump administration proposes to privatize Fannie Mae & Freddie Mac



President Donald Trump’s administration has proposed the privatization of mortgage financing giants Fannie Mae and Freddie Mac as part of sweeping chances to the way the government is organized, it was reported last week.

Is a no-appraisal mortgage really worth it?



Around five percent of Fannie Mae’s 1.2 million home mortgages have met the criteria for not needing a traditional in-person appraisal since new rules were introduced last year, according to the Washington Post

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