The Biden administration is lowering rates on the mortgage insurance people have to pay when they take out a loan backed by the Federal Housing Administration.
The Federal Housing Administration restricted those loans during the 2008 financial crisis.
A growing number of homeowners have been refinancing and pocketing the increase in their homes' values.
The Federal Housing Administration is growing concerned that lenders are allowing some first-time home buyers to take on too much risk. Earlier this month, the FHA told lenders that it will flag more loans as high risk, and raise the hurdle some borrowers must jump for FHA-backed loans. Click the audio player above to hear […]
Jumbo mortgages constitute a growing share of mortgage lending by big banks, which may disadvantage people of color in the housing market.