Freddie Mac Looks to Rental Payments for Better Credit
In an effort to help renters build credit vital to buying homes, Freddie Mac has launched an initiative that will encourage operators of multifamily properties to report on-time rental payments to credit bureaus. On-time rental payment history is reflected in the...
FHA Offers Helping Hand to Buyers With Student Debt
The Federal Housing Administration announced Friday that it plans to make it easier for homebuyers with student debt to access FHA single-family loans. The FHA said the move was necessitated by the high percentage of people of color with student loan debt. Typically,...Ownership Is Power, But at What Cost?
There’s no doubt that owning a house changes people’s lives, largely for the better. For one thing, real estate is the basis for most people’s wealth. Studies show that owners accumulate more dollars than renters. Then there’s the happiness factor. In a Bank of...Biden Should Pocket These Tax Ideas
Over the next few months, the White House is likely to propose two major tax changes that could impact the housing sector. One, a tax credit for first-time buyers, is likely to be welcomed by those who have yet to get a toehold on the housing ladder. But it is...This Week’s Paper: Digital Edition
