New rules adopted in hopes of spurring home loans
The regulators have dropped a key requirement: a 20-percent down payment from the borrower.
View ArticleFannie Mae posts $3.9B profit in 3Q
Mortgage giant Fannie Mae is reporting net income of $3.9 billion for the July through September period, down 55 percent from a year ago.
View ArticleElkowitz: Challenges in obtaining a mortgage on LI
High property taxes, high energy costs, high real estate prices are all part of the challenge of home buying. Now add the challenge of obtaining a mortgage.
View ArticleMore Americans to buy homes with 3 percent down
The new lending guidelines announced Monday are designed to help more low-income and first-time buyers afford homes.
View ArticleMorgan Stanley to pay $2.6B to settle mortgage charges
The $2.6 billion will go to "resolve certain claims" the Justice Department intended to bring against Morgan Stanley related to its mortgage division.
View ArticleUS average rate on 30-year home loans rises to 3.85 percent
A look at rates for fixed- and adjustable-rate mortgages.
View ArticleHousing market enjoys stronger first half
All indicators pointing toward continued growth on Long Island.
View ArticleUS home prices climb in October, helped by solid job market
Home values have climbed at a roughly 5 percent pace during much of 2015.
View ArticleUS key mortgage rate declines slightly
The key long-term U.S. mortgage rate declined slightly this week, after a steady rise for most of April that pushed the rate to its highest level in more than four years.
View ArticleBank of America rolls out digital mortgage
The future of mortgages? Bank of America rolls out digital mortgage as consumers gravitate to online transactions.
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