Google+
  • Ocwen3.69+0.05 +1.37%
  • Zillow41.62+0.48 +1.17%
  • Trulia4.01+0.33 +8.97%
  • NationStar19.28+0.24 +1.26%
  • CoreLogic48.99+0.09 +0.18%
  • RE/MAX67.00+0.85 +1.28%
  • Fannie Mae3.02-0.15 -4.73%
  • Freddie Mac2.96-0.10 -3.27%
  • Wells Fargo53.19-0.61 -1.13%
  • CitiMortgage72.19+0.42 +0.59%
  • Bank of America26.20-0.04 -0.15%
  • Fidelity National Financial34.40-0.21 -0.61%
  • First American49.94-0.75 -1.48%
  • Black Knight Financial Services43.05-0.55 -1.26%
  • AUDUSD=X0.7836-0.0009 -0.1134%
  • USDJPY=X112.4950+0.3060 +0.2728%
Home | Tag Archives: FHA

Tag Archives: FHA

First-time Buyers Account for 60 Percent of Purchases

According to a new report, first-time homebuyers now make up 60 percent of all home purchases. On GSE loans, first-time buyers comprise 47 percent of loans, while on FHA loans, they account for 82 percent. The uptick is likely due to an improved economy, lower unemployment, rising income, and more new home construction

Read More »

Philadelphia: Wells Fargo Violated the FHA

According to the City of Philadelphia, black borrowers of Wells Fargo loans were over twice as likely to receive high-cost or high-risk loans than white borrowers, while Hispanic borrowers were around twice as likely, and home in predominantly minority neighborhoods were 4.7 times more likely to be foreclosed. Two weeks before this case, the Supreme Court had ruled that Miami could sue Bank of America for predatory lending practices that allegedly increased segregation.

Read More »

Green Light, Red Light

Municipalities may be experiencing whiplash from a recent U.S. Supreme Court ruling which both permits and prevents certain suits based on the Federal Housing Act. In Bank of America Corp., et. al. v. City of Miami, the City of Miami argued that two banks, Bank of America and Wells Fargo, violated the Federal Housing Act by intentionally issuing riskier mortgages on less favorable terms to African Americans and Latino customers than they issued to similarly situated white, non-Latino customers.

Read More »

Government Loans Up for 27th Month

Volume of government-backed purchase loans rose by 10 percent in January, despite an uptick in mortgage rates. RHS loans far outpaced other categories, with FHA comprising the smallest segment. The number of first-time buyers also rose, increasing 11 percent over the year.

Read More »
Scroll To Top