Breaking News
  • FHA raises reverse mortgage loan limits

    The Federal Housing Administration has increased the maximum claim amount for reverse mortgages for the third consecutive year, announcing Friday that it will raise HECM claim amounts to $726,525 in 2019. What does this mean for the HECM? Click the headline to find out.

  • FHA loan limits to increase in most of U.S. in 2019

    The Federal Housing Administration announced its new loan limits for 2019, and it looks like most of the country will see an increase. These new loan limits will be effective for FHA loans assigned on or after January 1, 2019. Click the headline to see the new loan limits.

Items Tagged with 'Homeownership'

ARTICLES

  • FICO: Student debt creates a pull on credit scores

    Practices of consumers who see an increase in credit score
    In today’s competitive housing market, there are many factors that help determine whether a person is ready to buy – rather than rent – their next home. To better understand the profile of individuals who are taking the next step in their financial journey, FICO researched how previous financial milestones impact the readiness to open a mortgage among Millennials.
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  • Student debt crushes homeownership dreams

    Survey reveals women and Millennials are most impacted
    Student loan debt has racked up a collective $1.5 trillion bill for 44 million Americans, and its crushing people’s homeownership dreams. According to a recent survey by NeighborWorks America, people with student loans are delaying purchasing a home, with many worried about their debt most or all of the time.
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  • From HW Magazine

    Outside the classroom

    Teaching Millennials that student loan debt doesn't have to delay the American Dream
    The conversation around student loan debt and its economic impact on Millennials, those born from 1980 to 1998, has some questioning whether the future of the American Dream is in jeopardy. The nation’s student loan debt has soared to $1.4 trillion, surpassing credit cards in becoming the largest source of personal debt outside a mortgage.
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  • More young families opt to rent instead of buy

    Homeownership for families with young kids drops 14%
    More young families chose to rent instead of buy in the 10-year span from 2006-2016, according to a study by RENTCafé. Likely influenced by rising home prices, tough lending rules and a lack of entry-level homes, the number of families with minor children that owned a home decreased by 3.6 million.
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  • Growing number of Americans say now is a bad time to buy a home

    Suggests lingering memories of the housing crash may slow home price growth
    There’s been a distinct uptick over the past year in the number of Americans who say now is a bad time to buy a home, and a sizable number point to high home prices as the primary reason. But caution might be a good thing, according to one think tank, as it could serve as a necessary weight tempering housing demand.
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  • Most Americans want to own a home in retirement

    Survey reveals 85% want to own, and most don’t plan on having a mortgage
    For many, retirement goals include travel, leisure and, apparently, homeownership, as a survey reveals 85% of non-retirees want to own a home when they're in retirement. But the grim reality is that a good number of Americans may still carry mortgages into retirement, and that’s why some experts say reverse mortgages deserve a second look.
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  • Younger generation can’t afford to buy a home

    Paychecks aren’t keeping up with home prices, and first-time homebuyers are stuck
    We’ve come a long way since the 1950s – 20-somethings just aren’t getting hitched, moving to the burbs and popping out three kids like they used to. And good thing, because they couldn’t afford it. New research from Freddie Mac reveals homeownership rates among young adults has dropped and isn’t likely to pick up any time soon.
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  • Chase: Home confidence levels reach four-year high

    Survey reveals most think a home is still a great investment
    Chase Home Lending has partnered with Pulsenomics to launch a housing confidence index designed to gauge how Americans feel about the housing market. New survey data reveals homeowners and renters are feeling pretty good about the market right now, and most think it's worth investing in a home.
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