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Higher Fees, Interest Rates, and Mortgage Rejections for Black, Hispanic Buyers

Pro Builder

Despite having similar financial situations, Black and Hispanic homebuyers are more likely to be denied mortgages compared to White buyers, according to Realtor.com’s analysis of 2019 mortgage data. million loan applications in 2019. According to the analysis of 7.2 million loan applications, Black applicants are rejected 11.7%

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More Than Half of Buyers Now Put Down 20% or More

Pro Builder

Mortgages that conform to Fannie Mae and Freddie Mac guidelines made up 74% of mortgages issued in May compared to 65% in 2018 and 2019. REALTORS® have reported that buyers who make an offer using FHA or VA financing find it hard to compete against other buyers who are offering cash or using conventional financing. "It

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New Maryland Real Estate Laws from the 2020 Legislative Session

Green Building Law Update

Given that real estate accounted for more than 25% of the gross state product (the state Gross Domestic Product) in Maryland last year and that more than 650,000 rent cases were filed in the Maryland courts in 2019, more than anything else the courts adjudicated, some have suggested the legislature might focus more of its efforts on real estate.

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