An analysis by Pew Charitable Trusts: 16 states’ populations have declined since the Great Recession, but the big winners are Texas (up 374K) and Fla. (up 241K). WASHINGTON – Americans aren’t afraid to relocate. An analysis of U.S. Census Department data by Pew Charitable Trusts looked at state-to-state migrations since the Great Recession (2010-2020). While […]

Fannie and Freddie will no longer fund condo loans in high-rent vacation areas. Bankers say entire complexes, even with few rentals, may be ineligible for financing. WASHINGTON – A new financing rule has tightened the requirements for condominium financing in heavy vacation areas. Entire condo complexes may be ruled unqualified, making it more difficult for […]

The limit for Title II and reverse mortgages rises from this year’s base of $331,760. In high-cost areas, the limit can go as high as $822,375, up from $765,600 in 2020. WASHINGTON – The Federal Housing Administration (FHA) announced the agency’s new schedule of loan limits for calendar year 2021 for its Single-Family Title II […]