Real Estate News
Freddie Mac to allow some borrowers to use “sweat equity” to cover entire down payment
Freddie Mac has long allowed certain borrowers to use “sweat equity” to cover a portion of their down payment, but now, the GSE will allow borrowers to use “sweat equity” to cover their entire down payment. Under the expansion, certain borrowers will be able to “sweat equity,” materials... Read More
MBA: Commercial mortgage originations fell in Q3, but multifamily bucked the trendMultifamily mortgage originations continued trending towards another record-breaking year with another strong quarter, the Mortgage Bankers Association reported Monday. Multifamily originations were up year-over-year and quarter-over-quarter. But by how much? Click through to find out.
Homebuilder confidence falls as affordability concerns growAffordability concerns contributed to homebuilder confidence falling eight points to 60 in November, according to the National Association of Home Builders/Wells Fargo Housing Market Index. NAHB Chief Economist Robert Dietz said for the past several years, shortages of labor and lots along with... Read More
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