FHA Changes to Help First-Time Condo Buyers
The Federal Housing Administration is changing regulations to make it easier for more first-time condominium buyers to receive mortgages. The federal agency has released new guidelines for the types of mortgages it will insure at condominiums. Just 6.5 percent of the...
CU Finds Success Partnering with State Programs
Loans guaranteed by the U.S. Department of Veteran Affairs and Federal Housing Administration can in some cases be challenging to originate. Applicants are typically first-time homebuyers and the loans have unusual requirements for lenders and borrowers. But one...New FHA Mortgage Standards Could Shut Out Some Buyers
First-time and move-up homebuyers with heavy debt loads, low credit scores and small down payments face a daunting new mortgage hurdle: The Federal Housing Administration is toughening its underwriting standards. Large numbers of applications could be turned down in...More Americans Are Paying Mortgages on Time
It’s a real estate and social barometer that doesn’t get a lot of publicity, but it’s important: More Americans are paying their mortgages on time today than they have in nearly two decades – maybe even longer. That’s a big deal, because when large numbers of owners...This Week’s Paper: Digital Edition
