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Attorney Title Opinions Could Give Title Insurers a Run for Their Money

SingleSource Property Solutions and Voxtur partner on an alternative to title insurance designed with Fannie Mae and Freddie Mac in mind. ....

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New program helps essential workers with down payment on homes

Skyrocketing housing costs and out-of-state competition are pushing many Arizonans out of the housing market. ....

United States , City Of Tucson , Dandre Thompson , Regina Romero , Centers For Disease , Tucson Industrial Development Authority , Pima Tucson Homebuyer Solution Program , Tucson Realtors Charitable Foundation , Workers Housing Fund , Industrial Development Authority , Pima Tucson Homebuyers Solution , Essential Workers Housing , Disease Control , Pima Tucson Homebuyer , Solution Program , Mayor Regina Romero , Essential Workers Housing Fund , Affordability Index , Housing Costs , First Time Homebuyers , Low Income Homebuyers , Cash Offers , Essential Workers ,

Fannie Mae: Closing Costs A Barrier For First-Time, Low-Income Borrowers

First-time homebuyers, and especially minority borrowers, face numerous obstacles to homeownership. A recent analysis by Fannie Mae has found another: closing costs.

In its report, “Barriers to Entry: Closing Costs for First-Time and Low-Income Homebuyers,” Fannie Mae’s analysis of approximately 1.1 million home purchase loans acquired by the Enterprise in 2020, found that more than 14% of low-income first-time homebuyers had closing costs equal to or exceeding their down payment. ....

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