The housing market continues to show improvement not only in Atlanta but across the country. While record-low national housing inventory remains, the number of foreclosures reported across continues to decrease. ATTOM recently released the 2021 Year-End U.S. Foreclosure Market Report, detailing scheduled actions, default notices and bank repossessions recorded in the past year. Licensor of the nation’s top comprehensive data and[...]
FHA Multifamiliy Housing Loan Limits FHA loan limits for multifamily housing in 2022 have increased. The Federal Housing Administration announced that the 2022 multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) will be $78 billion for each -- a combined total of $156 billion to support the multifamily market. The 2022 caps, which increased from $70 billion for each[...]
The rise in student loan debt is a constant subject on the news, and it is often listed as one of the main reasons why Millennials are slow to enter the housing market. Statistics from a recent survey conducted by The Harris Poll on behalf of CNBC Make It show that U.S. adults age 33 to 40 have an average[...]
The rise and fall of mortgage interest rates seems to be the hot topic on news stations across the country week in and week out. With so much news, and so many differing opinions on what the changes in the rates mean, it can be hard to discern how they will your home purchase. Over the past few months, there has[...]
Americans are becoming more financially conscious and as a result, many are trying to find ways to save money and make better investments. In a display of this increasing trend, many young couples considering marriage are deciding to downsize the cost of their wedding or even bypass the honeymoon in favor of using that money to purchase their first home[...]
In an effort to make homeownership more affordable, mortgage giants Fannie Mae and Freddie Mac announced programs to purchase mortgages with down payments of as little as three percent. These programs went into effect on Saturday, and they are aimed at first-time home buyers in particular. "NAHB commends Fannie Mae and Freddie Mac for instituting new loan guidelines that will allow[...]
Brand Mortgage is today’s featured guest on the All About Real Estate segment of Atlanta Real Estate Forum Radio. Nikki Bell, vice president and business development manager for Brand Mortgage, is on hand to discuss the products offered by the lender and trends they’re currently seeing in the mortgage market. As a subsidiary of Brand Bank, which has been in the[...]
[youtube https://www.youtube.com/watch?v=t71LYid0n0w&color2=FBE9EC&version=3&modestbranding=1] Academy Mortgage continues to answer home buyer’s top 10 questions about mortgages in this week’s edition of Mortgage Minutes. While many builders offer incentives that can be used towards closing costs, many buyers are unsure of what those costs are and whether or not they’ll be required to pay them. Closing costs consist of all the different fees and charges[...]
Academy Mortgage is continuing to answer consumer’s top 10 questions about securing a mortgage in this week’s Mortgage Minutes. In this edition, Academy Mortgage is answering the question, “what if I have had credit problems in the past?” According to Academy Mortgage, credit is just one aspect of your mortgage application. While it is a very important one, it shouldn’t keep[...]
First-time home buyers can often be overwhelmed by the mortgage application process. Academy Mortgage aims to make that process slightly easier for buyers. Through a series of videos, Academy Mortgage will answer the top 10 questions buyers reported having about mortgages in a new national study. One of the most common questions asked by prospective home buyers is “What do underwriters[...]