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“A significant amount of pent-up housing demand exists, but for it to be unlocked more rapidly, additional gains in wages must be realized,” NAHB economists write.
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The foreclosure picture is improving across the country, particularly in these states with foreclosure inventories below 0.7 percent.
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The bank has announced that it has dropped its minimum credit score for FHA loans from 640 to 600.
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The Department of Justice is accusing lending giant JPMorgan Chase of approving thousands of loans for the Federal Housing Administration and Veterans Affairs that should not have been eligible for federal insurance.
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Fannie Mae pumped nearly $30 billion into the multifamily housing sector last year by cooperating with lenders to finance 507,000 units of housing within the niche.
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