Fannie Mae aims to make loans more accessible to homebuyers by including rent payments as part of the mortgage approval process. This action is intended to help borrowers with limited credit histories have better accessibility to home loans. ...
On August 1, the Federal Housing Finance Agency (FHFA) will drop the Adverse Market Refinance Fee put in place by Fannie Mae and Freddie Mac. Prior to this change, mortgage lenders had to pay the government sponsored enterprises ...
Historically, homebuyers with student loan debt have had trouble qualifying for mortgages due to their debt-to-income ratio. Recently, the Federal Housing Administration (FHA) adjusted its guidelines to allow more borrowers to qualify for FHA home loans, specifically those ...
For several years, homeowners backed by the FHA have had the ability to refinance their mortgage to extract cash, also known as a cash-out refinance. This financial trend, while rather popular, is deemed risky by some. Recently, the ...
As rent costs rise nationally, the number of millennial buyers across the U.S. continues to increase. This generation, born between 1980 and 2000, is about 92 million strong and is stated by the 2019 Home Buyer and Seller Generational ...
