FHA to consider positive rental history in mortgage eligibility
In its new policy, FHA considers positive rental payment history as the on-time payment of all rental payments in the previous 12 months.
Browsing: Homeownership
Future homebuyers turn to web, social media for financial advice
Millennials and Gen Z individuals planning to buy their first home rely heavily on websites and social media to learn about personal finance, according to a survey of potential homebuyers published today.
Agencies release HMDA data for 2021
The share of mortgages originated by nonbanks continues to climb, accounting for 63.9% of home-purchase loans, up from 60.7% in 2020.
ABA Foundation infographic helps homebuyers prepare for tough market
Limited inventory, supply chain disruptions, rising interest rates and more institutional investors in the market have made the homebuying process more onerous.
Housing Market Heats Up after COVID-19
The COVID-19 pandemic created the deepest economic contraction in modern U.S. history and led to considerable uncertainty. However, it also teed up the conditions that created a red hot housing market across the country.
FHFA Calls on Congress for Authority to Examine Third-Party Service Providers
In the Federal Housing Finance Agency’s annual report to Congress, the agency requested the authority to examine third-party service providers to identify practices that could pose safety and soundness risks to Fannie Mae and Freddie Mac.
ABA Foundation Releases Infographic on Gaps in Homeownership Rates
As part of American Housing Month, the ABA Foundation today released a new infographic highlighting gaps in homeownership rates, barriers faced by younger generations and communities of color trying to own a home—as well as resources banks offer to overcome those barriers.
Preliminary Analysis of 2018 HMDA Data and ABA Policy Recommendations
Banks want to expand safe and sound lending across the board and remain committed to enhancing the availability of credit to all qualified borrowers.
Making Sustainable Homeownership More Achievable
By Corey Carlisle
Social Selling for the Mortgage Industry
By Doug Wilber