While saving for a down payment continues to be one of the most challenging barriers to homeownership for many, Freddie Mac’s latest multipronged action removes industry-wide barriers to down payment assistance (DPA) programs, helping provide mortgage loans and financial assistance to lower-income homebuyers across the nation.
Read More »CA and NY Exit Rate on the Rise
While Texas remains a popular migration destination for Californians, California had the most people interested in moving to Washington, D.C., a change of pace from usually warmer climates.
Read More »More Americans Relocating Out of State for Retirement
Nearly 400,000 American retirees moved their residences during 2020, the highest number in five years. According to a data study by the moving services website HigherAHelper.com analyzing ...
Read More »Zeroing In On HQ2
As Amazon moves closer to picking the cities where it plans its second headquarters, take a look at the frontrunners and the Amazon impact on the housing markets in those cities.
Read More »Waterfront Homes More Affordable than Previously Expected
According to a recent ranking published on Tuesday, secondary homes—particularly on the waterfront—may be more affordable than most homeowners believed. That is, if they know where to look. Florida, New Jersey, and Texas are great places to start searching.
Read More »Virginia Reaches Settlement With 11 Big Banks Over RMBS Fraud Claims
It is now more than seven years since the housing crisis hit, and settlements over claims of residential mortgage-backed securities are still alive and well.
Read More »First Guaranty Mortgage Hires New National Servicing Director
First Guaranty Mortgage Corp., a Virginia Corp., has named Jane Gershman as its National Servicing Director. Prior to her new role, Gershman was SVP of Servicing Operations at SUNTRUST. In addition, she also served as Prior SVP, Loss Mitigation Division, ServiceLink; EVP, Loan Servicing Operations, CITI Residential Lending (formerly AMC Mortgage Services), where she also held the positions of SVP, Loan Servicing, President, AMC Insurance Agency, and President Town & Country Trustee Services
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