Down payments

Millennials want a house soon, but some buying into purchase myths

10/10/18

Millennials are targeting homeownership within the next few years, but many are buying into certain house-purchasing myths, according to Bank of America.

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Fannie's take on paying for PMI seeks to avoid 'charter creep' criticism

07/10/18

A Fannie Mae test to handle the private mortgage insurance process for lenders may raise concerns that it's going outside the scope of its secondary market mission. But the effort reflects its mandate to explore new credit-risk transfer alternatives, a company executive said.

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Housing fund can’t be barred from competing in Washington state: Court

06/25/18

An appeals court has rejected claims by a Washington state housing finance agency that the National Homebuyers Fund is limited to operating in California.

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Has the Fed found a better long-term mortgage product?

09/13/17

Fed economists are suggesting a new mortgage product that would allow home buyers to build equity faster and give banks incentive to profitably hold the loans in portfolio.

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A mortgage for immigrants with money but no credit history

05/23/17

Bank of the West is using alternative data and the international expertise of its parent company to tap into the lucrative but difficult to underwrite market of middle- and upper-class immigrant mortgage borrowers.

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Cut mortgage down payments to 10%: B of A's Moynihan

05/19/17

Down payment standards should be relaxed to just 10% to spur homebuying among millennials, Bank of America CEO Brian Moynihan said this week.

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Why millennials may finally be ready for homeownership

04/12/17

After years of sitting on the sidelines of the housing market, a growing population of millennials has begun to embrace the financial benefits of owning a home.

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