The U.S. Department of Agriculture has selected six additional mortgage lenders for a pilot program designed to shorten the time needed to close qualifying USDA-backed rural home loans.USDA Rural Development announced the expansion October 22. The new lenders are...
Ginnie Mae is expanding access to its mortgage-backed securities program for certain USDA-backed rural apartment loans, raising the maximum eligible loan-to-cost ratio from 70% to 80% for qualifying Section 538 multifamily mortgages.The federal housing-finance agency...
An affordability challenge in rural America, Canadian and American renters consider the pursuit of homeownership, and Arkansas realtors helping communities facing food insecurity. From the wild and wooly world of real estate, here are our Hits and Misses for the week...
The Appraisal Foundation has partnered with the Farm Credit System to create a Rural Appraisal Practicum Model, a new framework designed to address the challenges facing aspiring rural appraisers. According to the organizations, the initiative will create a...
The Federal Housing Finance Agency (FHFA) announced that the government-sponsored enterprises (GSEs) Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) has published plans to extend housing access in rural underserved markets, enhance their support for...