Fannie Mae is dropping its 97% LTV. Starting in November the smallest down payment will be 5%.
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Existing-home sales slip from four-year high.
[T]he shift from distressed to conventional sales is a clear sign of recovery, with sales, excluding distressed properties, up 25% year-over-year. -- Brena Swanson in HousingWire
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Caught between a rock and a hard place. Shared by Phill Grove
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Nat'l Real Estate Post:
HUD is funding a 75 unit complex for the deaf, but is only allowing 25% of the residents to be deaf. (Crazy, huh).
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Nat'l Real Estate Post:
Because of the QM rules, small lenders will need to only lend to borrowers who can put down at least 20%. This is causing push back from several organisations and associations because low income and minority families will not be able to afford to buy homes.
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Shared by Uros Kralj
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DNA Towers project Abu Dhabi shared by Paris Anwar
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Jill Pierce is Team Leader for RealEstateAuctions.com
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