News You Can Use
QRM Rule Opens More Doors For Consumers
The mortgage-financing environment for households could improve as a result of a rule federal regulators put in place last week. The Federal Deposit Insurance Corporation is the fist of six financial regulators to release the final version of the long-awaited qualified residential mortgage (QRM) rule, which stems from the big 2010 banking reform bill the federal government enacted after the financial crisis
Fannie, Freddie To Loosen Up On Lending
The regulator of mortgage giants Fannie Mae and Freddie Mac is reportedly working on a deal with the financing entities that will loosen up lending standards and make mortgages more affordable for those with less-than-perfect credit.
September Marked 2014 High In Home Sales
Existing-home sales bounced back in September, surging to the highest annual pace of the year, according to the latest report from the National Association of REALTORS®. All regions except for the Midwest reported gains in sales last month.