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While tax reform will impact everyone who works in mortgage finance to some degree, it may also affect potential homeowners and home sellers via reform to the capital gains tax. Capital gains is a tax that may be levied...
During CoreLogic and the Urban Institute’s Housing Finance, Affordability and Supply in the Digital Age conference Wednesday in the District of Columbia, CoreLogic Chief Economist Frank Nothaft predicted rising interest rates will cause home prices to rise. Mortgage interest...
Federal Housing Finance Agency Director Mel Watt went on record saying they’re actively considering alternative credit scoring, but it’s going to take time. While changes to the government-sponsored enterprises’ credit scoring models, at the earliest, are expected to happen...
Flagstar Bank is targeting low- to moderate-income borrowers with a mortgage offer that’s seemingly too good to be true. The program, which Flagstar introduced earlier this week, requires no down payment from the borrower and also provides the borrower...
Speaking at the J. Ronald Terwilliger Foundation Forum on Housing America’s Families, for which HousingWire is a media sponsor, today in Detroit, U.S. Department of Housing and Urban Development Secretary Ben Carson gave a look at the challenges the housing industry faces when it comes to providing shelter the nation’s...
With the J. Ronald Terwilliger Foundation for Housing America’s Families’ Housing America’s Families Forum coming up on November 15, HousingWire sat down with Ron Terwilliger, the founder and chairman of the Foundation, to discuss the challenges in today’s housing market. ...
There's a new way to set homebuyers up for sustainable homeownership When borrowers who seemed promising don’t qualify, what can lenders do? Many are using homebuyer education to give these borrowers a positive path forward. Homebuyer education can help borrowers improve their credit score and understand the long-term commitments of...
The national homeownership rate continued its slow trek back above last year’s historic lows in the third quarter, rising to levels not seen since 2014. The latest data from the U.S. Census Bureau, released Tuesday morning, shows that the homeownership rate rose to 63.9% in the third quarter from...
ValueInsured, a company that provides down payment insurance for borrowers, is now also offering equity protection for borrowers who want to refinance their mortgage. The company announced the new offering during the Mortgage Bankers Association Annual Conference in Denver this week. Earlier this month, ValueInsured announced that it raised $6.5...
Amazon wants to put a camera in your home and keep the recordings. What could go wrong? On Wednesday, Amazon unveiled its latest home service. Here’s the pitch: Amazon Key is exclusively for Prime members in select cities and surrounding areas. To get started, purchase the Amazon Key In-Home Kit, starting at $249.99. The...