FHA Head: Don’t Raise Down Payments
FHA Commissioner David Stevens said if the mandatory down payment for an FHA loan is raised from 3.5 percent to 5 percent, the organization will probably insure 300,000 fewer homes every year.
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Future Foreclosures Could Hamper Housing
A second wave of foreclosures could hit the market this year, which could negatively affect an otherwise stabilizing housing market.
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Mortgage Rates Remain Steady
For the second week in a row, average rates for 30-year mortgages stayed below 5 percent.
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Home Equity Loans Available Again
As the economy improves, banks are starting to get back into the home equity loans business.
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Funding for Low-Income Housing Pays Off
Housing development programs managed by the Federal Home Loan Bank of Atlanta produced a number of economic benefits, according to a new study.
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Pet Owner to Sue Bank of America
A home owner alleges she lost her parrot when Bank of America mistakenly thought she was in default and hired a contractor to secure the property.
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Book Excerpt: ‘Social Media 101’
Getting Foreclosures Back on the Market
Week 5 of the Marketing Makeover Challenge