The unrest in Ferguson, Missouri, has dampened its housing market, but some are trying to turn it into a selling point.
Two people from the Tucson, Arizona-based company NOVA Home Loans have just received one of the mortgage industry’s highest honors.
Mortgage applications decreased across the board as the nation begins to prep for the holidays.
Last month the bank announced plans to allow borrowers to buy homes with as little as 3% down, but now it says different. Meanwhile, some specialized nonbank companies step in to fill the void.
The wholesale lender, which focuses on underserved home buyers with subpar credit, will enter a housing market that has shown steady improvement during the last year.
On Tuesday, MPA ran a story headlined, "VA housing boom: Are you in?" This story was inadvertently credited to Rachel Norvell. The actual author of the story was Kenneth Harney of the Washington Post Writers Group. We regret the error.