Although the FHA isn’t signalling it’s ready to reduce premiums, it’s looking at ways to expand access to mortgage credit, including downpayment assistance and support for “small-dollar” lending in underserved markets. Continue reading
Rocket Mortgage and United Wholesale Mortgage — the nation’s top two lenders — and at least five others are raising conforming loan limit to $625,000 ahead of an official FHFA announcement. Continue reading
With investors showing renewed confidence, Genworth Financial is ready to move forward with plans to sell part of its mortgage insurance subsidiary in an initial public offering. Continue reading
Borrowers putting less than 20 percent down can choose between FHA, VA or USDA-backed mortgages, or take out private mortgage insurance to qualify for a mortgage that meets the requirements of mortgage giants Fannie Mae and Freddie Mac. Continue reading
Citing volatile trading in shares of mortgage insurers, Genworth Financial has postponed plans to sell off part of its mortgage insurance subsidiary in an initial public offering. Continue reading
After throwing in the towel on a $2.7 billion merger, Genworth considering spinning off its mortgage insurance division. Continue reading
With the pandemic’s impact on homeowners still uncertain, Secretary of Housing Marcia Fudge says a cautious approach is warranted for now. Continue reading
It’s important to ensure your buyer clients are aware of the pros and cons of low-down-payment financing. PMI, in particular, is an important topic to cover as it increases mortgage costs with little benefit to the buyer. Continue reading