Construction spending up 0.6% in September 2012

The construction sector continues to see improvement in large part to gains in residential housing. Construction spending took in an adjusted annual rate of $851.6 billion, a 0.6% increase from August, which was $846.2 billion. This is up 7.8% from a year prior,...

HomePath 3% Down payment on Fannie Mae Owned homes & updated Sneak Preview

HomePath Mortgage allows a borrower to purchase a Fannie Mae-owned property with a low 3% down payment, flexible mortgage terms, no lender-requested appraisal and no mortgage insurance. Expanded seller contributions to closing costs are allowed. A good deal for San...