How a Little-Known Law Is Expected To Fight Racial Discrimination in Housing

An update to a little-known law this week is expected to help combat racial discrimination in mortgage lending. 
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President Biden Is Throwing Money at the Housing Crisis. Will It Work?

Homeownership is increasingly out of reach while families are struggling with big rent increases. Will the president’s budget make a dent?
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Could 20-Year, Low-Interest Mortgages Help First-Time Homebuyers?

A new bill in Congress could help first-time homebuyers by providing a low-interest, 20-year mortgage. But would it work in today’s competitive market?
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Will President Biden’s $6 Trillion Budget Help Home Buyers Become Homeowners?

As Americans grapple with rising rents and home prices and a shortage of affordable real estate, housing has emerged as one of President Joe Biden’s priorities.
The post Will President Biden’s $6 Trillion Budget Help Home Buyers Become Homeowners? appeared first on Real Estate News & Insights | realtor.com®.

Mortgage Refinancing Initiative to Help Lower-Income Borrowers

The Federal Housing Finance Agency, which oversees the two government-controlled mortgage giants, announced plans to ease credit requirements, simplify documentation and waive certain fees for borrowers seeking to refinance their loans.
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Lots of Homes Under $100K Are for Sale, but Most Buyers Can’t Get One for This Reason

The COVID-19 pandemic has made it more difficult for borrowers to find lenders willing to make small-dollar mortgages of $100,000 or less.
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