Westcor joins Fannie Mae title waiver pilot
The pilot, relaunched by Fannie Mae in March 2024, allows approved mortgage lenders to use an automated title review process.
Affordability
Auto Added by WPeMatico
‘Dating the rate’ misled borrowers. Now they’re financially strained
An out-of-date mantra that once lured in prospective homebuyers is being criticized by mortgage originators who say clients were “misled.”
Survey: Down payment concerns delay homeownership for many
Among those who are postponing or not planning to purchase, one-third cite insufficient income as the primary obstacle.
NAR: Homebuyers still have down payment misconceptions
One of the most persistent misconceptions among aspiring homeowners is that a 20% down payment is required to buy a home.
Mayors back Realtor.com’s campaign to address the housing crisis
The resolution acknowledges the mounting housing affordability crisis and calls for policy reforms at all levels of government.
Here are the three metros where homeownership is still affordable
Realtor.com calculated the share of income a typical household spends on housing by dividing its estimated median monthly housing costs by the median household income in each of the 50 largest metros and the U.S. more broadly.
‘Feelings-based recession’: More Americans fearful of finances despite economic data
The TransUnion survey found that 32% of consumers report being pessimistic about their household finances over the next 12 months.
The pandemic made housing less affordable, but not in the obvious places
The housing affordability crisis often conjures images of coastal urban cities, but that’s not where costs are rising the most.
Massachusetts set to bar home sellers from requiring inspection waivers
The policy prohibits sellers and agents from requiring or encouraging buyers to waive a home inspection as a purchase condition.
Seattle housing market wrestles with crippling affordability concerns
Seattle is wrestling with a problem that is more acute than all but a handful of metropolitan areas — crippling affordability issues.