Republicans on the House Financial Services Committee have drafted a bill to raise the minimum down payment for Federal Housing Administration-backed loans to 5 percent as well as cut FHA loan limits in many markets. FHA-backed...
read moreThe Federal Housing Administration plays a critical role in the nation’s housing financing system, providing safe, affordable mortgage financing to consumers in all markets during all economic conditions, the National...
read moreFor the sixth straight week, fixed mortgage rates inched down, reaching new lows for 2011. The 30-year fixed-rate mortgage averaged 4.60 percent this week while the 15-year mortgage averaged 3.78 percent, Freddie Mac reports in...
read moreHomes are more affordable to more families, according to the latest index for the first quarter of 2011 that shows affordability reaching its highest level in more than 20 years. Nearly 75 percent of all new and existing homes...
read moreNationwide, the average sales price of a foreclosure was nearly 27 percent below the average sales price of a non-distressed property in the first quarter of 2011 (January-March), RealtyTrac reports in its latest research. And in...
read moreThe housing market just ain’t what it used to be. Expect the number of households to rent to go up, credit underwriting to remain tight, inventory of available properties to continue to rise and Texas home prices to remain...
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