NRMLA sent HUD and FHA a detailed letter urging lower upfront MIP, HMBS index changes and new liquidity options for reverse ...

To get the refinance you want, you need to explain your goal in words that the lender understands. This is a guide to what to say, complete with sample sentences that you can use as you kick off a ...

Hawaii renters with low or moderate incomes have a new opportunity to become homeowners under a revived state program ...

In a letter to HUD that outlined numerous proposals, NRMLA recommended changes to improve the HECM financial assessment ...

Today's average mortgage rate on a 30-year fixed-rate mortgage is 6.25%, down 0.30% from the previous week, according to the ...

Having a strong, stable income will also improve your borrower profile and put you in a good position to negotiate. Having ...

Dwight Capital and its affiliate REIT, Dwight Mortgage Trust ("DMT"), collectively financed $409 million in real estate financings during November. Highlighted closings include a bridge acquisition ...

Among questions for mortgage lenders, this one is important. The two basic types of mortgages are fixed and variable rate. A ...

Because they're guaranteed by the U.S. Department of Agriculture, USDA loans don't require a down payment or private mortgage insurance. That makes them a great option for first-time homebuyers ...

Most mortgages offer a 15-day grace period, though some lenders give 10 days or adjust the timeframe based on the loan type. ...

Non-banks retained refinancing borrowers at roughly three times the rate of banks (35% versus 13%). Retention was highest among FHA and VA mortgages (36%), trailed by GSE (25%) and portfolio-held ...