Red-Hot Housing Market Fuels Mortgage Borrowing Record Americans borrowed more than ever to buy homes in 2021. Mortgage lenders issued $1.61 trillion in purchase loans in 2021, according to estimates by the Mortgage Bankers Association. That is up slightly from $1.48 trillion in 2020 and above the previous record of $1.51 trillion in 2005. Purchase […]
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Fannie Mae, Freddie Mac to Back Home Loans of Nearly $1 Million as Prices Soar The federal government is about to back mortgages of nearly $1 million for the first time. The maximum size of home-mortgage loans eligible for backing by Fannie Mae and Freddie Mac are expected to jump sharply in 2022, a reflection
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Retirees Spend a Lot of Time and Money to Buy Their ‘Forever Home.’ Then They Sell It. To Rick Brown and Jeanne Brown, finding a forever home has seemingly taken forever. In just five years, the couple—he’s 71 and she’s 72—bought or built two different houses that they planned to live in for the rest
Retirees Spend a Lot of Time and Money to Buy Their ‘Forever Home.’ Then They Sell It. Read More »
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