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FHA Revises Reverse Mortgage Rules for Surviving Spouses

by devteam June 15th, 2015

The Federal Housing Administration (FHA) has revised its policy for so-called reverse mortgages, expanding options for surviving spouses to remain in their homes after the death of the loan's borrower. The new policy echoes options extended to a limited

Negative Equity Worst at Low End, Jamming 'Housing Conveyor Belt"

by devteam June 13th, 2015

The plight of underwater homeowners is proving to be pesky to resolve if Zillow's latest numbers on negative equity are correct. The company said today that while homeowners with a larger mortgage balance than their homes were worth dropped from 16.9

One-Third of Home Sales Still All Cash

by devteam June 12th, 2015

Despite over two years of declines cash sales continue to constitute more than one-third of total home sales. CoreLogic reported today that the share of those sales diminished on a year-over-year basis for the 27 th consecutive month in March, accounting

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