US Real Estate News- Buyers Turn to Credit Unions for Mortgages!

By
Real Estate Agent with South Florida Estate Homes Inc

US Real Estate News- Buyers Turn to Credit Unions for Mortgages!

US Real Estate News- Buyers Turn to Credit Unions for Mortgages!

 

FHA Fee Cuts Likely to Lure More Buyers
The FHA’s mortgage premium reduction likely will help more than 2 million borrowers save an average of $900 annually over the next three years and encourage nearly a quarter-million first-time home buyers to make a move, says HUD’s secretary.
Loan Demand Posts Biggest Leap in 6 Years
Consumers who saw rates plunge last week responded enthusiastically as mortgage applications drew markedly higher activity.
More HOAs Foreclose on Late-Paying Owners
Condo homeowner associations are increasingly going after owners who have fallen behind on paying their HOA fees by triggering foreclosures against late HOA-paying owners. But mortgage lenders are worried about HOAs’ move.
Buyers Turn to Credit Unions for Mortgages
Credit unions have quadrupled their market share since 2006, offering home buyers another option from the traditional mortgage lender.

 

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