The foreclosure discount begins to fade Next FHFA HARP outreach in Newark FHFA Promotes President Obama’s Housing Program In Detroit. Seeking Alpha – October 3, 2014 – October 3, 2014. Seeking Alpha, By David Sims. Today, at the Detroit Public Library, FHFA Director Mel Watt held a town hall meeting to promote the Home Affordable Refinance Program (HARP).TRID grace period bill looks for a plan B TransUnion: Mortgage delinquency rate slows in 2014 mortgage delinquencies were expected to remain flat or slow in their decline. However, the Q1 2011 TransUnion data released today shows the mortgage delinquency rate improved more in this quarter.The bill named the Homebuyer’s Assistance Act was passed to grant real estate agents, title insurance companies, and mortgage lenders a "grace period" for compliance. The grace period for TILA-RESPA integrated disclosure compliance ends february 1st, 2016.Finances can be emotional, and the connection between debt and depression is a clear example of that. Read more about how money affects your mental health.
In a new report to its shareholders, Fairholme Capital Management notes the fund it manages owns a 4% position in the preferred shares of Freddie, "which currently trade at less than half of stated liquidation values, implying potential current yields of over 14% per annum."
Mortgage applications higher as rates hold.. Freddie Mac shows that the average mortgage rate for a 30 year fixed rate mortgage was 4.05% in the week ending May 11, slightly up from 4.02% in.
April 2017 Mortgage Rates Forecast (FHA, VA, USDA, Conventional). Freddie Mac: 30-year mortgage rate Hits 4.14%.. report averages from real people – a mixed bag of applicants. Some have.
Fannie Mae ranks top servicers Fannie mae multifamily posts big 2017, ranks top lenders Article originally posted on Multifamily Executive on February 1, 2018 Fannie Mae’s Delegated Underwriting and Servicing (DUS) program had a record year in 2017, providing more than $67 billion in financing and supporting over 750,000 units of multifamily housing.
The declining rates have been a boon to potential purchasers in the spring home buying season, and the number of homeowners seizing the opportunity to refinance mortgages jumped this week. Mortgage buyer Freddie Mac said Thursday the average rate on the 30-year, fixed-rate mortgage dipped to 3.82% from 3.99% last week.
Five-year Treasury-indexed hybrid adjustable-rate mortgages, or ARMs, averaged 2.67%, flat from the previous week and down from the 2.82% rate from a year earlier.
RealtyTrac: 20% of foreclosures remain vacant after owner departs This paper identifies where the long-term negative impacts of the housing crisis were most acute by locating where foreclosed (REO) properties were more likely to remain vacant in the Los Angeles.SPEED: Fannie Mae will directly approve short sales Fannie Mae and Freddie Mac are "too big to fail" but should they. The Mortgage Banker has a strong balance sheet, is approved as a direct seller to FNMA, FHLMC and GNMA, and has a strong leadership.
Significant events happen in the mortgage market every day. Lending rules change constantly, and rates are always in flux. We give you the news, but also the "so what" factor: how market changes affect your home finance plans. Whether you plan to buy or refinance, our reports will help you make the best decisions and lower your homeownership costs.
"Mixed economic reports over the last few weeks have anchored the 30-year mortgage rate around the 4% mark," Freddie Mac Chief Economist Sean Becketti said. Click to Enlarge (Source: Freddie Mac)
Mortgages Hold Steady By MIA LAMAR Mortgage rates in the U.S. were again little changed over the past week, as readings on the U.S. economy continued to show mixed signals, according to Freddie Mac’s weekly survey of mortgage rates. "Macroeconomic data released this week were a mixed bag," said Freddie Mac Chief Economist Frank Nothaft.
Programs save 1.5 million homeowners: Obama Housing Scorecard Homebuilder confidence declines slightly in January · Homebuilder confidence slips after hitting 11-year record in December.. US homebuilder confidence, sales outlook slip in January. U.S. homebuilders are feeling slightly less confident this.It imposes $1.5 trillion in new taxes, with spending that never falls below 23% of the economy. His budget permanently enlarges the size of government. It offers no reforms to save government health.
Mortgage buyer Freddie Mac said Thursday the average rate on the 30-year, fixed-rate mortgage slipped to 4.06% from 4.07% last week. By contrast, a year ago the benchmark rate stood at 4.66%.
Christopher Whalen: So what is today’s nonbank business model? Big caveat: even though we have very strong opinions, we do not give investment advice. What we provide (aside from commentary) might be regarded as investment hazard warnings. You may nevertheless decide to go ahead after reading what we offer, but we hope you will proceed with caution. One thing most investors fail to realize [.]