Vets Have Plenty of Housing Help
I am old enough to remember how the soldiers returning from Vietnam were “welcomed” home. Fast-forward 50 years or so, the country – and the housing sector – can’t seem to do enough for our fighting heroes.
Mortgages in Forbearance at Lowest Level Since April
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.
As Prices Rise, Buyers Seek Down Payment Help
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.
Tax Cut Hit Overshadows Paybacks
Homeowners, now and in the future, are paying more federal income tax in order to help corporations pay less federal income tax, to the tune of $620 billion.
Competitors Apply Pressure to FHA and VA Loan Origination
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.
New Budget Holds Hidden Tax Benefits
Call it buried tax treasure for homeowners: Deep inside the behemoth 654-page bipartisan budget bill recently signed into law by President Donald Trump are little-noticed extensions of key tax-code benefits that expired in 2016, but now can be used for upcoming 2017 tax filings.
