August 26, 2020
Borrowers who undergo counseling can get a discount on their upfront mortgage insurance. This past Tuesday, the House of Representatives passed a bill that slashes the cost of upfront mortgage insurance for first-time homebuyers using mortgages backed by the FHA,…
August 26, 2020
Lawmakers Eliminate The Cap Rather Than Raise Loan Fees To Fund Vetern Benefits Source: HousingWire The Department of Veterans Affairs can now back loans that exceed the conforming loan limit. A bill eliminating this cap was signed into law by President…
August 26, 2020
The FED Makes A Steady Decision For consumers, the so-called Powell Pivot may mean a reprieve in escalating borrowing costs. At the same time, stashing cash in a savings account is reaping a better return than it has in years….
August 26, 2020
“DACA Recipients Remain Ineligible For FHA Loans” After months and months of uncertainty about whether the Federal Housing Administration is backing mortgages for Deferred Action for Childhood Arrivals recipients or not, the Department of Housing and Urban Development has finally given an official…
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