The nation's mortgage loan delinquency rate is expected to fall down to 2.51 percent by the end of 2015, its lowest level since prior to the housing bust, according to data released by TransUnion on Wednesday. TransUnion predicted that the mortgage loan delinquency rate, which is the ratio of borrowers 60 or more days past…
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Fannie and Freddie Mac Lower Downpayments to 3% to Spur Housing Opportunities
Following months of talk and speculation, both Fannie Mae and Freddie Mac announced on Monday they will begin allowing qualifying first-time borrowers to purchase homes with just a 3 percent down payment. By lowering the down payment down to 3 percent, leaders from the GSEs and the Federal Housing Finance Administration (FHFA) hope to increase homeownership…
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