US unveils plan to loosen mortgage rules
To reassure mortgage lenders, govt will relax terms of its bad loans buy-back policy
New York
FOR years, politicians, housing advocates and potential homebuyers have complained that tight credit policies after the housing market crash have kept too many deserving people from qualifying for mortgages.
Now the government is taking steps that it says it hopes will allow more first-time buyers and lower and middle-income Americans to get home loans at low rates.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Hong Kong’s negative equity mortgage cases rise to 20-year high
UK mortgage approvals rise for sixth month to highest since 2022
URA prepares massive site in Sengkang to house new residential estate
Blackstone in talks to buy Dulwich schools in Singapore, Seoul for US$600 million
JTC to sell hospitality project being built in Punggol Digital District
Without a game changer, Sentosa Cove condos will continue underperforming