First time home buyers

The recently enacted tax reform bill is likely to encourage more consumers to rent instead of buy and tamp down the rapid rise in home prices.

On Sep. 30, 2017. Dollars in thousands.

On Jun. 30, 2017. Dollars in thousands.

With the housing crisis and the Great Recession well in the rear-view mirror, more and more credit unions are offering mortgage options with low or no down payment requirements.

The National Association of Home Builders is backing off long-held support for the mortgage interest deduction in hopes that the Trump administration can deliver on its promise of lower taxes.

In light of the recent disbursement of nearly $40 million in grants to credit unions from The Treasury Department’s Community Development Financial Institutions Fund, Credit Union Journal surveyed some credit unions which have received CDFI grants in the past to find out how these funds are being used.

Wells Fargo forced borrowers to pay millions of dollars in fees to extend interest rate locks that expired due to the bank's delays in processing mortgage applications, a lawsuit claims.

FHA loans made by millennial home buyers have been steadily decreasing the past four months, indicating they may be able to afford more at the moment.

Credit union mortgage lending may be slowing, even as more millennials -- about 33% of whom purchased their first home out of the desire to have a better space or yard for a dog -- enter the market.

The HUD secretary said millennials are being shut out of the market but the purchase of a condominium unit is often the first step to homeownership.