NAR Survey Shows First-Time Home Buyers Set Record in Past Year …

Fifty-five percent of entry level buyers reported they financed their buy with an FHA loan , while another 8 percent used the VA loan program. First-time buyers who made a downpayment used a variety of sources: 61 percent used savings and 22 percent received a ..

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NAR Survey Shows First-Time Home Buyers Set Record in Past Year …

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That shows a decrease of 21 basis points from the first quarter of 2010, and an increase of 61 basis points from one year ago, according to the Mortgage Bankers Association's National Delinquency Survey. ... Other proposals affecting homebuyers included a ban on yield-spread premiums, which encourage mortgage brokers to push buyers toward more profitable mortgages. And it includes a requirement for lenders to tell borrowers when their mortgage is sold or transferred. ...

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