News You Can Use
FHFA Targets Low-Income Borrowers
The Federal Housing Finance Agency has released new goals for housing finance giants Fannie Mae and Freddie Mac that aim to widen access to housing credit. The FHFA has reportedly instructed Fannie Mae and Freddie Mac to provide additional support to low-income Americans taking out mortgages and refinancing home loans, expanding the number of loans they back for low-income families.
6 Key Housing Stats to Gauge the Market
Existing-home sales were back on the rise in July, marking the third consecutive month of increases, while low inventories of homes for-sale and rising prices were the reason behind first-time buyers falling to their lowest share since January, according to a new report from NAR.
2 Common Mortgage Deal Delays
A last-minute problem with financing can quickly delay a closing on a home sale. Here are two of the most common financing problems that can surface, and how you can handle them.
Credit Unions Gaining Ground with Buyers
Mortgage shoppers are increasingly turning to credit unions to get a mortgage, according to new research by TransUnion. Credit unions' share of all mortgage originations has grown considerably over the last two years, from 7 percent in the first quarter of 2013 to 11 percent in the first quarter of 2015.
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