Topic
housing-finance
2 stories related to this topic, newest first.
The Timesworld6 days ago
UK Mortgage Market Relies on Short-Term Fixed Rates
Ninety-five percent of new UK mortgages taken out in March were fixed for five years or less. Homeowners in the US and parts of Europe more commonly select fixed-rate loans lasting 15 to 30 years.
New York Postbusiness19 days agoDeveloping
Fannie Mae and Freddie Mac to Accept VantageScore Credit Model Incorporating Rental Payment History
The government-sponsored enterprises will now accept mortgages using VantageScore models that incorporate on-time rental and utility payments, alongside or instead of FICO scores. The change, announced by FHFA Director William Pulte on April 22, could allow 7.7 million Americans…