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firsttime home buyer: FHA market share increases, but cash reserves shrink - 09/06/09 04:07 PM
FHA is a mortgage loan insurer that has stepped into the rather sizable vacuum the recent housing finance market collapse created. Inside Mortgage Finance reports that its market share has jumped from a paltry 3% in 2006 to a strong 23% in the second quarter of 2009. It has become very popular especially with first-time home buyers because of its as low as 3.5% down payment requirement and more accommodating underwriting guidelines. Those parameters, actually, have to be well-liked by all borrowers.
As real estate prices have been steadily sinking in several areas, among them of course Las Vegas, FHA's increased … (12 comments)

firsttime home buyer: First-time home buyer challenge. - 04/10/07 12:28 PM
It's tough out there for the first-time house buyer right now. The price levels in many areas have moved up far enough to put a crimp on their ability to own a property of their own. Las Vegas valley is one of them. Affordability is definitely an issue here.
That's just one of the challenges, though. Maybe even a bigger one is the banking community that is supposed to finance the acquisition. It's hurting. And the subprime sector that usually caters to the first-timers is in even more pain. Everyone writing paper there has adopted more conservative lending practices.
Mortgage loans have become … (7 comments)