The final rule concerns lenders that offer digital payment apps and handle more than 50 million transactions per year.
Katie Jensen is a mortgage news reporter at NMP.
The final rule concerns lenders that offer digital payment apps and handle more than 50 million transactions per year.
The proposed changes reduce acceptable rental income history from two years to 12 months, among other expansions of FHA guidelines
'Price growth seems poised to maintain a steady, balanced pace'
74% of homeowners and renters struggle to afford monthly payments
Zillow's President and SVP of Product step down, Jun Choo appointed to COO
Yet, the 15.5% of canceled purchase contracts was the highest cancellation rate in a year, reflecting the razor-thin affordability margins.
Lenders generated a pre-tax net profit of $701 on each loan originated in the third quarter, MBA reports
High interest rates and low housing supply stall homeowners, according to a new TD Bank survey
Redfin survey finds 22% of consumers are motivated to move, versus 21% who are less motivated post-election
Clever Real Estate found 94% of buyers who negotiated with the seller were able to bring down costs