The average credit score on FHA-backed loans fell to 680 in 2013, , and the average debt-to-income ratio rose to 40.3 percent, according to government agency Ginnie Mae.
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While interest rates on fixed-rate mortgages edged even higher, adjustable-rates saw a decline. See where they stand now.
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Though foreclosure timelines continue to rise, the number of loans in foreclosure is down to the lowest point since November 2008, according to mortgage data firm Black Knight Financial Services.
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According to the National Association of Home Builders’ Multifamily Production Index, developer sentiment in the apartment and condo markets is straddling a dangerous threshold.
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The nation’s largest originator of residential loans has cut its home-lending workforce by nearly 12 percent since last year, as the refinance boom draws to an end.
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These five signs indicate that a neighborhood is about to soar in popularity.
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