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Income requirements to qualify for a mortgage
Bankrate via Yahoo Finance· 7 hours agoKey takeaways There are no specific income requirements to qualify for a mortgage. To determine whether you'll qualify for the loan, lenders use your...
Property Transfers: Government-backed loans for first-time homebuyers harder to secure
Savannah Morning News via Yahoo Finance· 10 hours agoThis article is the second in a three-part series examining the challenges for entry-level...
HUD, Fannie Mae and Freddie Mac Issue Reconsideration of Value Guidance to Combat Appraisal Bias |...
JD Supra· 13 hours agoThe U.S. Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), recently issued Mortgagee Letter 2024-07 addressing reconsideration of value (ROV ...
A Way to Beat High Mortgage Rates? Take Over Someone Else’s Loan.
The New York Times via Yahoo News· 1 day agoHome prices were already high when Ellen Harper, a software architect living in Atlanta, started...
More homebuyers are paying discount points as interest rates continue to rise
FOX Business· 4 days agoMortgage points, which are one-time fees paid at closing in exchange for a lower interest rate, are...
Moore tornado 25 years later: Survivors remember devastation, pay forward support to Sulphur
Gannett via AOL· 6 days agoMOORE — There was much on people's minds on Friday — it was the 25th anniversary of the deadly...
Fact Check Team: Why the 30-year fixed-rate mortgage is unique to the US
WJLA· 7 hours agoThe current rate for a 30-year fixed-rate mortgage is just over 7%, according to Freddie Mac, down...
Reverse Mortgage vs. Home Equity Loan: Which to Choose?
Time Magazine· 4 days agoA reverse mortgage and home equity loan both allow homeowners to turn their home equity into cash,...
Reverse mortgage volume and HMBS issuance improve in April - HousingWire
HousingWire· 22 hours agoSeven of the top nine lenders recorded gains in April, with Plaza Home Mortgage, Liberty Reverse...
NRMLA, MBA provide comments on HECM application, origination documents - HousingWire
HousingWire· 4 days agoFollowing an announcement that the U.S. Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination ...