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Shared by MapsoftheWorld, Baalbek Lebannon
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Washington doesn't know if people living in public housing are needy because local authorities who are supposed to verify income and stop fraud often aren't interested making sure taxpayer money is spent properly. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/32734-public-housing-officials-wont-verify-whether-residents-are-the-truly-needy
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The first wave of 7.3 million homeowners who lost their home to foreclosure or short sale during the foreclosure crisis are now past the seven-year window they conservatively need to repair their credit and qualify to buy a home, according to a new report from RealtyTrac. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/32716-first-wave-of-boomerang-buyers-become-eligible-for-mortgages
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Shared by Gia Huy Au Duong, Holland
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D.R. Horton's bet on first-time buyers is starting to pay off, and the builder anticipates expansion plans for its entry-level home division will boost both its construction and mortgage lending activities.
The nation's largest builder booked 7,370 home sales in the fiscal-year first quarter ending Dec. 31, up 35% from a year ago. Horton posted net income of $142.5 million in the quarter, up 16% from a year ago, the Fort Worth, Texas, company said Monday. -- Brian Collins in Origination News
---------------------------------------------The administration has also said that the FHA premium cut could help as many as 2 million borrowers. Those figures were echoed by Department of Housing and Urban Development Secretary Julián Castro in a recent interviewon The Daily Show with Jon Stewart. -- Ben Lane http://www.housingwire.com/articles/32747-moodys-fha-premium-cut-will-increase-home-sales-by-45000-this-year
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Shared and taken by Pasi Hortoma, somewhere in Finland this week.
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The U.S. homeownership rate fell to the lowest in more than two decades in the fourth quarter as many would-be buyers stayed on the sidelines, giving the rental market a boost. -- Bloomberg News http://www.nationalmortgagenews.com/news/origination/homeownership-rate-falls-to-lowest-since-1994-1043967-1.html?
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The agency said the proposal would boost the number of financial institutions able to offer certain types of mortgages in rural and underserved areas while giving them extra time to comply with the qualified mortgage rules. -- Vickie Needham in thehill.com http://thehill.com/policy/finance/231227-cfpb-offers-changes-to-mortgage-rules-for-smaller-lenders
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Shared by Nhu Phuong Pham, The pagoda of Seigantoji and Nachi no Taki Waterfall, Japan
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