Mortgage

FHFA to change credit score model for new mortgages

The Federal Housing Finance Agency (FHFA) announced Monday at the Mortgage Bankers Association’s annual conference that it will begin the implementation process for two new credit scoring models for mortgages. This marks the first update to credit scoring models in 20 years and makes homeownership more accessible.

FHFA to eliminate G-fees for some homebuyers

At the Mortgage Bankers Association’s (MBA) conference on Monday, the Federal Housing Finance Agency (FHFA) announced the elimination of added mortgage fees for some borrowers. Here's what that means for you.

60K real estate deals called off in September

High mortgage rates are driving down home sales and dampening buyer competition as many potential buyers and sellers remain put in the real estate market, according to Redfin.

Mortgage rates edge higher

Freddie Mac says mortgage rates are hovering just shy of 7%, adversely impacting the housing market in the form of declining demand.