Home Mortgage

New home loan application coming

Fannie Mae and Freddie Mac will require mortgage lenders to use a new Uniform Residential Loan Application (URLA). Check out the changes to the new URLA.

US home equity is back, so why aren't more people borrowing?

Alicia Johnson and her husband wanted to renovate their home last fall but ran into a roadblock: When they tried to refinance their mortgage and borrow against their equity, five banks said no. Problem was, the Johnsons' mortgage covered their home in Christiansburg, Virginia, and some adjacent land — a deal-breaker.

Home buying tips: An offer they can't refuse

The housing market took another hit today when existing home sales data for April declined more than expected, dipping 2.3% to a seasonally adjusted 5.57 million homes, according to The National Association of Realtors.

Mortgages Rates Wednesday, May 24: Minimally Higher

Mortgage rates for 30-year fixed loans were unchanged, while 15-year fixed rates and 5/1 ARMs moved slightly higher, according to a NerdWallet survey of mortgage rates published by national lenders Wednesday morning.…

Business Highlights

___ House OKs GOP health bill, a step toward Obamacare repeal WASHINGTON (AP) — Relieved Republicans muscled their health care bill through the House Thursday, taking their biggest step toward dismantling the Obama health care overhaul since Donald Trump took office.