WASHINGTON - [February 22, 2023] The Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), announced a 30 basis point reduction to the annual mortgage insurance premiums (annual MIP) charged to homebuyers who obtain an FHA-insured mortgage. Vice Preside ... View Full Article

The Hampton Roads Association of Real Estate Brokers (HRAREB) and Virginia Housing and Community Development Corporation (VHCDC) proudly present the 2023 Hampton Roads Housing Symposium, a forum for meaningful exchange of ideas on increasing home ownership among black and brown families.  ... View Full Article

Equifax, Experian, and Trans Union recently announced significant changes to the way medical debt collection data is reported on consumer credit reports. Specifically, the bureaus have agreed to three major changes, which are anticipated to impact 70% of medical collections. Paid medical collection ... View Full Article

VHCDC Project 3133EHS is a is a two-story duplex located in Hampton, VA 23663.  This 1,794 square foot multi-family home was donated to Virginia Housing and Community Development Corporation by Wells Fargo, N.A.  The structure sits on a 2,073 square foot lot and features 4 bedrooms and 2 b ... View Full Article

Homebuyer education is an important first step and is encouraged for all prospective homebuyers. For some, education may be a requirement, specifically first-time buyers, borrowers who use nontraditional credit, or borrowers who use down payment and cost savings programs. That’s why Bank of Americ ... View Full Article