A Maine real estate agent is proposing a bill that would give homeowners a state tax deduction on mortgage insurance premiums as well as offer grants to help lower loan payments. Processing Content Introduced by Democratic Rep. Wayne Farrin, who is also a licensed real estate agent, the bill would lead the state to implement […]
Maine bill targets MIP costs, lower rates for homebuyers Read More »
Detroit-based Rocket Companies was hit with a class-action lawsuit on Monday that accuses one of the nation’s largest mortgage lenders of steering consumers to their loan products, “even though Rocket Mortgage‘s terms are disadvantageous to the clients.” The suit was filed in the U.S. District Court for the Eastern District of Michigan. The plaintiffs are
Rocket Companies hit with class-action lawsuit alleging steering, home-price inflation Read More »
It goes with the insanity of today’s U.S. housing affordability crisis that two rights can make a wrong. Two federal policies — each designed to lower the lifetime operating cost of owning a home — can instead combine to raise the barrier to entry so high that millions of households never get through the front
Policy clash: how two housing policies blend to price out millions Read More »