It's official. The government-sponsored enterprises have announced their options for home buyers that will allow for a down payment as low as 3%.
However, the QM rule is continuing to dog lenders, overlays, documentation and DTI were the largest headwinds to the market, according to a survey conducted by NAR.
The court held that a HOA foreclosure sale is not valid against HUD-insured loans, but will the ruling be extended to GSE-insured mortgages?
Mortgage applications decreased across the board as the nation begins to prep for the holidays.
A spending bill provision, which U.S. lawmakers are expected to take up by the end of the year, could increase costs on mortgages that have already been originated and insured.
After a judge granted the bank and the FHA four months to reach a settlement, lawyers from both sides they no longer think it is within reach.