March 4, 2011 (Shirley Allen) Someone forgot to tell government mortgage giants Freddie Mac and Fannie Mae that they are suppose to be going out of business because the latest monthly figures show that both GSE’s continued to back new mortgages in January at about the same rate as last year. Freddie Mac reported that [...]
February 28, 2011 (Chris Moore) Although in the early stages, the battle lines are already being drawn in the sand over the Presidents reported proposal to force mortgage lenders and servicers to either pay fines of over $20 billion or to modify an equal amount of mortgage loans by writing down the principal balances. On [...]
February 9, 2011 (Jeff Alan) Zillow Real Estate Research joined CoreLogic and Lenders Processing Services by releasing its December Home Value Index (HVI). According to the data collected from 132 metropolitan areas, monthly depreciation in home values increased 0.9 percent in December 2010 from the previous month. The median home value nationally was $175,215, down [...]
February 8, 2011 (Chris Moore) As Congress wrangles with its solution to reform the role of Fannie Mae and Freddie Mac and the Obama Administration puts on the finishing touches for its plan on restructuring the two GSE giants, an unintended consequence may be an explosion in business for the Federal Housing Authority (FHA). Read [...]
November 2 2010 (Chris Moore) The Census Bureau is reporting that homeownership in the United States is at its lowest level since 1999 hampered by rising foreclosures and weak demand for housing. The percentage of households that owned their homes was unchanged at 66.9 percent in the July-September quarter. That's the same as the April-June [...]
