Finance & Mortgage

Freddie Mac offering cash incentives to home buyers and real estate agents in 23 States

Freddie Mac, the government-backed lending giant, will reportedly pay cash incentives to home buyers and real estate agents in 23 target states, who sell or list a foreclosed home owned by the firm. The incentive will be given once the home sells, according to several news reports.

CFPB’s updated mortgage tool will help users explore HMDA more easily

The Consumer Financial Protection Bureau (CFPB) has reportedly launched a new, updated version of its online mortgage tool to help home hunters explore the Home Mortgage Disclosure Act (HMDA) with ease and give them information about credit availability and resources in their area.

Mortgage applications for new homes increase significantly in January

January witnessed a 35 percent increase in applications for purchasing new homes when compared to December - news that came as a surprise to Mortgage Bankers Association (MBA) Chief Executive Mike Fratoantoni.