FHA condo rules will help millennials in housing market, Carson says
The HUD secretary said millennials are being shut out of the market but the purchase of a condominium unit is often the first step to homeownership. ... Read full article
News Topic: First-time homebuyers
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House to vote on Choice Act; Amazon expands lending program
Bill would replace much of Dodd-Frank but is unlikely to become law; online retailer is expected to expand Amazon Lending program to small businesses in the U.S., U.K. and Japan. ... Read full article
How Trump can make the FHA more lender friendly
The Federal Housing Administration's gateway to homeownership could be widened if the Trump administration takes actions to reduce mortgage insurance premiums and clarify lender penalties under the False Claims Act. ... Read full article
First-time homebuyer market making comeback
For the first time in a decade, new owner households created in the first quarter were higher than the creation of renter households. ... Read full article
Cut mortgage down payments to 10%: B of A's Moynihan
Down payment standards should be relaxed to just 10% to spur homebuying among millennials, Bank of America CEO Brian Moynihan said this week. ... Read full article
Chase launches mortgage-credit card cross promotion
JPMorgan Chase will give its Sapphire credit card customers 100,000 rewards points for closing home-purchase loans with the bank. ... Read full article
Why millennials may finally be ready for homeownership
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. ... Read full article