It's hardly the "dismantling" the president touted in his campaign, but the new law does ease mortgage requirements for community banks
Overall applications slip as interest rates keep climbing
The controversial practice of intentionally walking away from a home encumbered by negative equity or an upside-down mortgage has been particularly damaging for the two government-sponsored mortgage entities, Fannie Mae and Freddie Mac.
United Wholesale Mortgage (UWM), a national wholesale mortgage lender operating in 49 states, announced that it grew its residential lending volume from $1.245 billion in Q2 to $2.019 billion in Q3, representing a 62 percent increase.
With housing prices still down and mortgage rates the lowest they've been, well, ever, right now is an amazingly good time to invest in real estate. Of course, in order to do so you need money, and unless you're independently wealthy, that means raising funds from private lenders.
There are no perfect properties on the market, but there are many well-tended and carefully rehabilitated homes that are worth a second look. When house-hunting, it is important to keep your emotions in check and your eyes and ears alert.