While banks and credit unions are making gains in mortgage lending, they are struggling in the state’s working-class, industrial Gateway Cities. But an expert says they have an edge over their competition.
The Federal Housing Administration has reduced the annual mortgage insurance premiums charged to homebuyers who obtain an FHA-insured mortgage.
Real estate professionals who do not make their clients aware of non-FHA options are doing them a great disservice. In this hot housing market, LMI buyers need more buying power, not less.
The Federal Housing Administration announced Friday that it plans to make it easier for homebuyers with student debt to access FHA single-family loans.
The total number of loans in forbearance has reached the lowest level since April, according to the Mortgage Bankers Association, with an estimated 3.4 million homeowners in forbearance plans.
A 204-unit Amherst apartment complex that was the first property to be developed with financing from MassHousing has received $30 million in mortgage refinancing.
Despite rising home prices and lagging wage growth, lenders can count on Millennials to be among the borrowers this spring, with more and more becoming first-time homebuyers thanks to down payment assistance programs.
With communities struggling to address affordable housing shortages, Linda Pellegrino wants to help property owners preserve and rehabilitate affordable units – not as a developer but as a loan originator.
While many financial institutions have seen success originating loans guaranteed by the U.S. Department of Veteran Affairs and Federal Housing Administration, the products face competition and challenges from rising home values and similar products created by other entities.
