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Mortgage Rates Record the Barest of Upticks
The 30-year fixed-rate mortgage averaged 6.66% as of Aug. 27, inching up from last week when it averaged 6.65%. Continue Reading Mortgage Rates Record the Barest of Upticks
We Made Mortgage Lending Safer. Did We Make It Too Safe?
Mortgage lending is safer than it has been in decades. But as credit standards remain tight and fewer moderate-credit borrowers obtain mortgages, John G. Stevens asks whether the industry has become too good at avoiding risk. Continue Reading We Made Mortgage Lending Safer. Did We Make It Too Safe?
Foreclosure Starts Increased 10% Year-Over-Year
Nevada led the nation with one foreclosure filing for every 1,703 housing units. Continue Reading Foreclosure Starts Increased 10% Year-Over-Year
Homebuyer Affordability Improved Slightly in July
he national median mortgage payment for conventional loan applicants was $2,184. Continue Reading Homebuyer Affordability Improved Slightly in July
Court Blocks HUD from Restructuring Fair Housing Grant Program
“The effect of HUD’s restructure effectively bars the very housing organizations that have been effectuating FHIP’s mission year after year since its enactment,” said Judge Myong Joun. Continue Reading Court Blocks HUD from Restructuring Fair Housing Grant Program
2 Connecticut Office Buildings to be Converted into Multifamily Housing
Last January, the other four buildings within the Merritt 7 office park were sold for $58.5 million. Continue Reading 2 Connecticut Office Buildings to be Converted into Multifamily Housing
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