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Funding sought for affordable housing projects (access required)

A third of the nation’s U.S. senators have sent a letter to Mel Watt, the new head of the Federal Housing Finance Agency and a former U.S. congressman from Charlotte, asking him to use funds from Fannie Mae and Freddie ...

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Mortgage changes debut (access required)

Mortgage changes debut <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

Come Jan. 10, it may become more difficult for homeowners to obtain a mortgage. That’s when a host of new rules come into effect. Most notable among the changes for borrowers will be the ability-to-repay and qualified mortgage rules that ...

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Annual housing production rate tops 1 million (access required)

Strong increases in both single-family and multifamily starts raised our nationwide housing production 22.7 percent to a seasonally adjusted annual rate of 1.09 million in November, according to figures released by the Department of Housing and Urban Development and the ...

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Is Web traffic a good bot, or a bad bot? (access required)

The interest rate for a large jumbo mortgage is now less than the rate for a smaller conventional loan. The increase in rate for conventional loans, combined with banks seeking jumbo mortgages for their portfolios, has created a situation in ...

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