Items Tagged with 'Rural housing'

ARTICLES

  • FHFA makes it official: Fannie, Freddie required to open credit box to "underserved"

    FHFA unveils final "Duty to Serve" rule
    Eight years after the passage Housing and Economic Recovery Act of 2008 mandated that Fannie Mae and Freddie Mac increase lending to three specific “underserved” markets, the Federal Housing Finance Agency announced Tuesday that the government-sponsored enterprises must work to open the credit box for certain very low-, low-, and moderate-income families.
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  • USDA slashing mortgage fees

    Announces cuts to upfront guarantee fee and annual fee
    Borrowers who use the U.S. Department of Agriculture’s Rural Housing Service to get a mortgage could soon pay significantly less for their loan, as the USDA announced that it is about to cut its loan fees for lenders who use the Single Family Housing Loan Guarantee Program. Here are all the details.
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  • The CFPB just made it easier to get a mortgage in rural, underserved areas

    6 big changes for small creditors
    Big news for small creditors struggling with recent mortgage regulations. The Consumer Financial Protection Bureau finalized several changes to its mortgage rules in order to expand access to credit, particularly in rural and underserved areas. One of the most notable changes is the definition of small creditor. Hint: It's bigger.
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