Financing & Credit Archive

FHA Cuts Mortgage Insurance Premium for First Time Since January 2015

For homebuyers looking to get a mortgage backed by the Federal Housing Administration, things are about to get easier – and less expensive. The FHA announced today that they are cutting their annual mortgage insurance premium from .85 percent...

FHFA Raises Conforming Loan Limits

For the first time in a decade, the Federal Housing Finance Agency announced that it will raise the maximum conforming loan limits for mortgages purchased through Fannie Mae and Freddie Mac.  Beginning in 2017, the maximum loan limit for...
November 23, 2016

Congressional Committee Puts Credit Hurdles Under Microscope

The House Financial Services Subcommittee on Financial Institutions and Consumer Credit took a hard look at access to credit this week with a hearing titled “Examining Legislative Proposals to Address Consumer Access to Mainstream Banking Services.” Of particular interest...
September 27, 2016

The Myth of the 20 Percent Down Payment. What You Should Know.

Repeat after me: you don’t necessarily need a 20 percent down payment to purchase a home. In the 35 year history of NAR’s Profile of Home Buyers and Sellers – the longest-running survey series of national housing data –...
September 14, 2016

Student Debt in Spotlight with Consumer Financial Protection Bureau Report

The Consumer Financial Protection Bureau just released a fresh report showing that student loan servicers are falling short in their efforts to help borrowers pay down loans.  According to the CFPB, most borrowers with federal student loans have been...

Story Idea: Financing a Home Purchase the Right Way

It’s common knowledge that purchasing a home can be challenging. But while some buyers may lose sleep over home inspections or finding a home in their favorite neighborhood, real estate professionals know that one of the biggest difficulties is...

Story Idea: Student Debt and Homeownership

Stagnant wage growth, underemployment, rising home prices and tight inventory have all been pinpointed as reasons why the homeownership rate for young adults remains subdued at levels not seen in decades. According to new data from the National Association...
July 29, 2016

NAR Symposium Highlights Consensus: Access to Credit is Paramount for Homeownership

Tight underwriting has made mortgage credit hard to come by, even for the most creditworthy borrowers. But the situation is even tougher for people who come from backgrounds that avoid debt, leading to little or no credit history. Minorities...

Infographic: Student Loan Debt and Housing

Today the National Association of Realtors® and SALT®, a consumer literacy program provided by nonprofit American Student Assistance®, released a joint survey discussing the effect student loan debt hason postponing homeownership. The survey, which only polled student debt holders current...
June 13, 2016

New Evidence Links Student Debt with Inability to Purchase a Home

Wondering whether student debt really prevents non-homeowners from making the jump to homeownership? The National Association of Realtors® and American Student Assistance have a message: Just ask one. According to a joint survey released today by representatives from NAR...