Where NAR and HUD Secretary Ben Carson concur (and conflict)

Dr. Ben Carson, the 17th secretary of the U.S. Department of Housing and Urban Development (HUD) made a brief visit to the National Association of Realtors midyear conference, where he was greeted with a standing ovation …

Where are consumers feeling the pinch of the MIP-reduction-that-wasn’t?

The administration change this past January left some homebuyers scrambling when it came with a somewhat unexpected side effect in the form of an 11th-hour mortgage insurance premium rate reduction — and then a stroke-of-midnight repeal of that reduct…

7 things to know from Ben Carson’s HUD confirmation hearing

The Senate Banking committee had a hot seat reserved for Donald Trump’s Department of Housing and Urban Development (HUD) secretary nominee, Ben Carson, at this week’s confirmation hearing …

What does student debt mean for housing affordability?

We hear it all the time. The burden of enlightenment, student loan debt, is preventing people from becoming homeowners. Housing and Urban Development (HUD) Secretary Castro, at a recent National Association of Realtors (NAR) event, claimed that student…

Say goodbye to foreclosures and hello to new homeowners

Since the housing crisis began, distressed properties — foreclosures, short sales and bank-owned real estate — have dominated much of the conversation around real estate and real estate finance. The latest data, however, seems to indicate those days …

How to protect your clients’ retirement income using a reverse mortgage

Most Americans face the specter of reduced income. It is no surprise that when they need a loan for a medical ailment or a personal loan, they find themselves left in a lurch. If they are going downhill, it makes sense to protect your retirement income…

How to help clients get into homes despite tight mortgage credit

Despite years of recovery and stabilization, as well as increased demand for housing purchase loans, mortgage credit remains tight today. In fact, according to the Mortgage Bankers Association, mortgage credit availability decreased 2.4 percent this pa…

FHA changes to condo policies aim to boost homeownership

The Federal Housing Administration (FHA) has made changes to its condominium policies that are designed to make homeownership more accessible to first-time homebuyers …

How might rising interest rates impact the market?

When it comes to the Federal Reserve and interest-rate hikes, it has become a question of will they or won’t they. All eyes are on the policy makers as they continue to hedge whether interest rates will increase this year. Just this past month, the Fed…

How to help your client select the best mortgage for their big adventure

Sure, a knowledgeable real estate agent knows traffic patterns, school districts and how to create curb appeal, but the most critical insight an agent should possess is mortgage knowledge …