The standard down payment of 20% has done nothing but rise as this number is tied to home prices, which are also rising. Click through to find out where the cheapest down payments are...and the most expensive.
Read More »Freddie Mac Launches New Down Payment Assistance Tool
The new DPA One option works to quickly and efficiently access and compare down payment assistance programs in order to help more first-time homebuyers achieve homeownership.
Read More »The New Face of the Secondary Marketplace
Mark Tribuna of CRA Note Exchange discusses how the secondary market has transformed from trading exclusively second-mortgage down payment assistance loans to also handling first-lien notes for affiliates of Habitat for Humanity International.
Read More »Trade Groups Unite to Support HUD’s Fair Housing Rule
HUD’s Affirmatively Furthering Fair Housing Rule seeks to provide for more robust community engagement, streamline processes for funding recipients, and provide greater transparency.
Read More »CBC Taps Alicia Wood as Director of Servicing and Asset Management
In this newly created role, Alicia Wood will be tasked with administering CBC’s entire loan servicing operation and responsible for servicing oversight and loss mitigation activity on all first and second mortgages, as well as agency and investor reporting.
Read More »Misconceptions That Keep Potential Homeowners Out of the Market
More than 40% of those who have never owned a home, primarily renters, still believe that a 20% down payment is required to own a home.
Read More »Expert Insights: And Housing for All …
American Mortgage Diversity Council Chair Tai Christensen discusses the importance of the Juneteenth holiday on the housing marketplace, and the D&I efforts the industry are taking to move forward.
Read More »GSE Enacts Bond Program to Support Affordable Housing
Through a new $3 billion bond initiative, Freddie Mac seeks to create more opportunities for families to access quality housing.
Read More »Manufactured Housing: The Low Inventory Solution?
Demand continues to overshadow supply in the housing market, but a combination of manufactured homes and down payment assistance may ease this burden.
Read More »New Sales Leader at Fifth Third to Aid in Community Commitment
Fifth Third Bancorp announced John Adam will join Fifth Third Mortgage as National Sales Leader and will aid in the company’s community commitment.
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