Having little proficiency in English is a big impediment to homeownership, according to a new study by the Urban Institute that examined homeownership by zip codes. The think tank lauded the addition of the preferred language question to the Uniform Residential Loan Application and said it’s a move in the right direction.
Nonbanks accounted for just over half of the total first-lien mortgage production by the top 100 lenders in the market, according to a new Inside Mortgage Finance analysis and year-end tally.
If President Trump – a builder by trade – truly wants to help the housing market by adding inventory he could order the federal government to sell some of its massive holdings of land to builders at dirt cheap prices...