Items Tagged with 'FHA'

ARTICLES

  • Mortgage market quickly bounces back from latest hurricane season

    Government agencies prepare for round two
    Last year was a rough one for homeowners hit by a slew of natural disasters including hurricanes, flooding, and even wildfires. Now, months later, the mortgage market is recovering surprisingly well, according to a panel of experts from government agencies at the Mortgage Bankers Association Secondary conference.
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  • MBA Secondary: Predicting the future of housing finance policy

    Will new FHA, FHFA leaders get to implement any changes before the next election?
    With several key housing appointments still vacant and uncertainty building around legislative direction after the upcoming mid-term elections, forecasting the future of housing finance is tricky. But a panel of eminent industry leaders gave it a try at the Mortgage Bankers Association Secondary Marketing conference on Monday.
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  • The first-time Millennial homebuyer just turned 30

    Millennials step up their borrowing game from February to March, yet still have to rent longer
    The average Millennial homebuyer just turned 30. According to Ellie Mae's latest report, the average age of a Millennial homebuyer rose from 29.5 in March 2017 to 30.1 in March of this year. Ellie Mae points to the compression of inventory largely due to Baby Boomers aging in place instead of relocating and retiring as the reason for the average age of the Millennial homebuyer to creep up into the 30s.
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  • Freddie Mac takes aim at FHA with widespread expansion of 3% down mortgages

    New HomeOne mortgage has no geographic or income restrictions
    It’s been more than three years since Freddie Mac rolled out a conventional mortgage that only required a 3% down payment for certain borrowers. But now, Freddie Mac is about to supercharge its 3% down program and launch a widespread expansion of the offering that puts Freddie Mac in direct competition for mortgage business with the FHA.
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  • Waters introduces legislation to prevent FHA foreclosures

    Bill would strengthen FHA mortgage servicer requirements
    In an attempt to prevent foreclosures on the Federal Housing Administration’s borrowers, Democrats introduced a new bill in Congress. Democrats explained the new legislation would strengthen the requirements for and increase oversight of FHA mortgage servicers.
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  • Ellie Mae: Millennials using conventional over FHA hits all-time high

    Millennial share of purchase loans increases
    An increasing share of Millennials are now leaning toward conventional financing, rather than FHA, and even hit an all-time high in February. Millennials are also increasing their overall share in the housing market, and are now the largest group of homebuyers in the U.S. as their purchase loans increased to 45% of all closed loans.
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