Single-family mortgage delinquencies edged higher in May while new business acquisitions slowed
Fannie Mae's May performance data suggests the mortgage market's biggest challenge isn't borrower credit — it's generating new business. While the GSE's guaranty book contracted slightly as loan acquisitions slowed, serious mortgage delinquencies remained near historic lows....
Rocket Mortgage found first-time buyers typically put down 5% in some markets and about 30% in others
For many first-time buyers, the biggest obstacle isn't qualifying for a mortgage — it's accumulating enough cash for a down payment. But just how difficult that challenge is depends heavily on where they live.A new Rocket Mortgage analysis found a typical household would nee...
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