The FHA boosted its fees after a surge in defaults during the housing crash depleted its capital reserves. The increases, which have helped replenish the FHA’s coffers, have also prevented hundreds of thousands of first-time purchasers from getting FHA loans.
Read More »Foreclosed sales at auctions nearly double
Purchases of foreclosed homes at auctions jumped in October as banks benefited from surging prices and shunned approvals of sales by homeowners dumping their dwellings at a loss.
Tagged with: foreclosures
Read More »Faucets at $1,000 abound as home equity spigot opens
Spending on home renovations is rising to records as banks such as Wells Fargo & Co. and JPMorgan Chase & Co. increase lending for home equity lines of credit.
Tagged with: home renovations
Read More »Bernanke giving homebuyers second chance with pledge
The U.S. central bank last week pledged a continuation of the bond buying responsible for last year’s all- time low 3.36 percent for a 30-year fixed loan.
Read More »Families blocked by investors from buying U.S. homes
Home purchases by institutional buyers reached a record high in September and all-cash buyers accounted for almost half of sales as investors responded to rising demand from renters.
Read More »Fannie Mae sees easier terms sustaining home sales
More jobs and easier loan terms will boost demand for new mortgages in the second half of this year as homebuyers shrug off higher interest rates.
Tagged with: Fannie Mae home sales
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