Last month the bank announced plans to allow borrowers to buy homes with as little as 3% down, but now it says different. Meanwhile, some specialized nonbank companies step in to fill the void.
In an effort to meet demand and avoid the costs of holding soured debt, the lenders put the mortgages on the market.
Leading industry executives discuss what it takes to tap into the other 98% of the growing Baby Boomer market
After much delay, HUD has released new guidance for reverse mortgages
The big bank, which is accused of certifying more than 6,000 ineligible FHA-insured mortgages, is hoping to resolve the lawsuit with the U.S. government.
In an effort to provide more clarity and expand credit, the GSEs have launched new servicing tools to better help mortgage servicers.