Friday, July 12, 2019

One simple action can help boost your credit score, according to a new report

One simple action can help boost your credit score, according to a new report: A working paper from the National Bureau of Economic Research released this month finds that even a simple nudge like opening an email can have a positive influence on financial behavior.

Wednesday, July 10, 2019

New bill slashes FHA mortgage insurance for first-time homebuyers | 2019-07-10 | HousingWire

New bill slashes FHA mortgage insurance for first-time homebuyers | 2019-07-10 | HousingWire: The House of Representatives passed a bill Tuesday that slashes the cost of upfront mortgage insurance for first-time homebuyers using mortgages backed by the Federal Housing Administration. The Housing Financial Literacy Act of 2019, or H.R. 2162, stipulates that first-time homebuyers who complete a housing counseling program to learn about sustaining homeownership can get a 25-basis-point discount (0.25%) on their upfront mortgage insurance for an FHA loan. The Mortgage Bankers Association applauded the bill’s passage. "MBA has long advocated for increased access to housing counseling as . . .