The median price of a home in America is rapidly becoming out of reach for most first-time homebuyers. This is especially true for minority families who on average have less wealth than non-minority families. Like most things in our economy, home prices are influenced by supply and demand principles

The Federal Housing Administration (FHA) is increasing the “floor” and “ceiling” FHA loan limits in 2024 to $498,257 and $1,149,825, respectively, the FHA announced Tuesday.The new FHA loan limits apply to forward mortgages for a one-unit property and take effect on Jan. 1, according to the publicat

HousingWire recently spoke with Mike Darne, vice president of marketing at CreditXpert, about credit optimization and how taking a closer look at consumer credit can benefit borrowers.  HousingWire: You have advocated for giving consumer credit another look. Why is this important now?Mike Darne: In

The Consumer Financial Protection Bureau (CFPB) imposed a $12 million penalty on Bank of America (BofA) for violating federal laws by submitting false mortgage lending information for about four years, it announced on Monday. A top-20 U.S. mortgage lender, Charlotte-based BofA had $229 billion in ou