Home ownership affordability is at a record high due to low home prices and all-time low mortgage rates. But housing experts have blamed banks’ tightened lending standards for keeping more buyers on the sidelines because they are unable to qualify for financing.
The Obama administration will be expanding eligibility requirements for its foreclosure prevention program, the Home Affordable Modification Program (HAMP), to help more struggling home owners participate.
Nationally, the median list price for a home in December 2011 was $188,000, a 5 percent increase over December of 2010, according to Realtor.com data tracking 147 metro areas.
The Appraisal Foundation’s Appraisal Practices Board is seeking public comment on a proposal about how to adjust comparable sales for seller concessions when making valuations.
A high mortgage debt doesn’t mean you’re at a greater likelihood of defaulting on your mortgage, at least according to a new analysis.
HUD Secretary Shaun Donovan is set to roll out a new agency policy to combat bias against lesbian, gay, bisexual, and transgender people in federally-supported housing programs.