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The Home Ownership and Equity Protection Act (HOEPA) is a 1994 amendment to the Truth in Lending Act (TILA) that protects consumers from predatory mortgage lending. Expanded significantly in 2010 ...
On the housing front, that includes $25,000 in down payment assistance to first-time home buyers and creating a $40 billion pot of money to incent builders to construct 3 million units of housing ...
According to the Federal Reserve Bank of St. Louis, the U.S. homeownership rate hovered at 65.6% as of the third quarter of 2024. Real estate auctions can be a great way to get a good deal on a ...
Renters tend to have poorer credit profiles than homeowners: in data from 2010 to 2015, 84% of renters had scores below 550, while only 27% of those with scores over 750 were renters. That makes ...
Homeowners have negative equity — also known as being underwater or upside down — when they owe more on their mortgage than their home is worth. For example, if you had an outstanding loan ...
The premium for homeownership has grown in recent years as home insurance, upkeep, and high mortgage rates skew the buying vs. renting math. Owning a home has rarely been this much more expensive ...
According to Bankrate’s 2024 Down Payment Survey, more than half of aspiring homeowners can’t afford these cash outlays because of the high cost of living and low incomes. Small wonder: On ...
Home ownership Before 1974, it was extremely difficult to buy a home if you weren’t a white man. My grandfather, an officer in the U.S. Air Force for 30 years, was only able to buy his home in ...