FHA announces tougher underwriting standards for high-risk loans

New lending rules announced by the Federal Housing Administration this week could put as many as 50,000 mortgages a year in jeopardy, reports say. The FHA is the government body that insures mortgages for first-time buyers and also “high risk” borrowers with low credit scores and higher payments relative to their incomes. This week however,

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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

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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.

Dodd-Frank Act set to be overhauled following House vote

The House voted on Thursday to roll back many of the banking rules under the Dodd-Frank Act of 2010, which increased regulatory oversight of financial institutions.

Lenders unlikely to budge on credit standards anytime soon

Anyone who was hoping that the banks might be about to ease their credit standards will have to wait a while longer.

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