freddie mac
Fannie Mae / Freddie Mac Deconstructed
...t in the way they operate. Because they are private entities, they are focused on creating maximum profits. Because the government originally created the entities to reach a policy goal of encouraging home ownership, they also have to answer to policymakers and the public about whether they are meeting that goal. Taxpayers have backed up the entities because the bets they made have not paid ...
Tags: politics
Cash-Out Refinancing Still Not Popular with Homeowners Today, Says Freddie Mac
...ughly 49% of all homeowners refinancing their home, which is also a record. The new loans are roughly three-quarters the size of the old loan. The remaining 37% of homeowners refinancing their homes left with the same loan amount. All told, homeowners going through a home refinance locked in an interest rate that was 1.4% on average – saving an estimated $2,700 the first year of the new loan. ...
Tags: freddie mac foreclosures
Fannie Mae and Freddie Mac: How Do They Impact Fairfax County Virginia Real Estate?
...e is owned by Fannie Mae or Freddie Mac, you may be able to refinance your loan and take advantage of lower interest rates. They influence mortgage interest rates and the availability of home loans. Freddie, Fannie and the Federal Housing Administration together now guarantee about 90 percent of all new mortgages, far above their historic level. What’s going to happen to Fannie and Freddie? Fa...
Tags: fairfax county virginia real estate, financing fairfax county va real estate
Newt Gingrich's Long Ties to Fannie Mae and Freddie Mac
...ked far more havoc on average Americans through their insane actions in the lead up to the housing bubble's collapse. To Newt, history is whatever is convenient at any moment in time and one sometimes has to wonder whether he's a pathological liar or simply so blinded by his ego that truth becomes whatever is expedient at the moment. The New York Times looks at the length and depth of Gingrich's...
Tags: newt gingrich, housing industry, 2012 elections, mitt romney, recession, gop presidential candidates
Regulator: Freddie Ceased Mortgage Transactions 'On Its Own'
... paid off loans that carry higher interest rates. The NPR-ProPublica report said there was no specific evidence that Freddie
Tags: white house housing policy, capitol hill, freddie mac, npr news, propublica
California Home Sales, Median Price Both Dip in January
...ian home is largely a reflection of an increase in the share of distressed home sales," said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. "Seasonal factors in the non-distressed market also played a role in the softening of the median home price, as prices typically decline in the non-peak home buying season." Other key facts of C.A.R.'s January 2012 resale housing report inclu...
Home Building Outlook: Most Local Markets To Improve In 2012
...e starts during 2012, followed by a more modest 9% annual increase in single-family starts, for an overall improvement of 14% for residential construction activity this year. Of the 940 local markets tracked, 769 are expected to see improvement in new-home sales this year compared to 2011, with a forecasted average increase among improving markets of 17%. Related posts:Demand For Rentals Drives B...
Tags: news
Housing regulator releases plan to wind down Fannie, Freddie (The Hill, February 21, 2012)
...reduce the government's involvement over the course of at least five years. Congress has yet to agree on a particular course of action. “This plan explores risk-sharing and ways to earn back private capital in housing, both important elements for reform included my legislation," said Sen. Bob Corker (R-Tenn.), a member of the Senate Banking Committee. "I hope ...
If You Won't Let The Free Market Work, You'll Have To Wait In Line
...officials say New York’s experience shows the limits of a state’s ability to cope with the national foreclosure morass. “We are a shining example of somebody’s best efforts falling short through no fault of our own,” said Paul Lewis, a senior official in the New York court system who has been helping coordinate foreclosure cases since the start of the crisis. So here you have a noble-s...
Tags: economics, endless paperwork, foreclosure cases, foreclosure relief, government scholarships, grocery clerks
Obama Administration's Hidden Fee On Home Loans A Secret Tax Increase
...fe of the loan. For those of you whom are math challenged, for a $300,000 purchase or refinance loan, that amounts to $37.50 added on to your monthly payments...every year you have your loan: The new fee is a minimum of one-tenth of 1 percent on Fannie Mae- and Freddie Mac-backed loans, and is likely to go much higher. It will be imposed for the next 10 years on most mortgages and refinancings and...
Tags: obama's agenda, taxes, lies and horse manure
President Obama outlines "Project Rebuild" to help housing market
...Eliminate appraisal costs for all borrowers - Increase competition amongst lenders to help lower prices for borrowers - Extend the streamlined refinancing processes to all GSE borrowers Under the president’s plan, borrowers with equity problems will also be able to rebuild some of that equity through refinancing. They will have the option of either making lower monthly payments on their lo...
Tags: housingzone.com, state of the union speech, project rebuild, obama housing market plan, president obama
NOTICE: California Foreclosure Fraud Settlement FAQ..Do YOU Qualify For Benefits?
...rtgage statement. Which banks are taking part in the settlement? Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial, which used to be GMAC. WARNING: Short Sales…love em or hate em…they are here to stay! Go beyond the basic ‘expert’ short sale designation. Watch the FREE 2012 Agent Short Sale Secrets video and download the FREE Short Sale training guide.NOTICE: F...
Tags: market conditions, market conditions predictions, predictions, real estate coaching market news, real estate industry, real estate news
REAL ESTATE RECOVERY IN 2012?
... North Texas’ population growth led the nation with more than 146,000 new residents in N. Texas area from 2008 to 2009 (latest figures available). North Texas Commission Nationwide housing affordability during the third quarter of 2011 hovered near its highest level in more than 20 years. National Association of Homebuilders Mortgage interest rates are at an historic low - the lowest sin...
Tags: market updates, dallas real estate, ft worth real estate, southlake texas real estate blog
Deals of the Day: Citi Faces Smith Barney Write-Down
...atory concerns over its $21.3 billion purchase of Swiss medical device maker Synthes. Alibaba.com: The company’s shares are surged in Hong Kong as investors expect the company
Tags: deals of the day, global
Edward DeMarco: The Ideologue Who's Holding Homeowners - And The Economy - Hostage
...s "to stabilize the nation's residential mortgage markets and expand opportunities for homeownership and affordable rental housing ... (and) provide liquidity, stability and affordability to the U.S. housing market." The website lists Freddie's three key functions as follows: Meet the needs of the mortgage market by making homeownership and rental housing more affordable Reduce the numbe...
Mortgage Rates Bounce Off Lows- What's Ahead For Pleasanton Mortgage Rates This Week
... highest reading since 2008. The Fed expects inflation to ease later this year but if gas prices stay high, the Fed’s forecast may be wrong. This week is holiday-shortened. Look for Greece to dominate headlines (again) and watch for housing data toward the end of the week. Existing Home Sales is released Wednesday. New Home Sales is released Friday. For now, mortgage rates remain low. It’s a...
Tags: blog, featured, mortgage, mortgage rates, freddie mac, greece
Meet the Obscure Federal Regulator Who's Not Helping Homeowners
... could be helping millions more. As DeMarco told Politico, he's been no "particular friend" of banks. He brought a massive lawsuit against 17 banks, alleging fraud over $200 billion in toxic mortgages sold to Fannie and Freddie. The case is ongoing. DeMarco is also charged with helping Fannie and Freddie go gently into the night. As part of their bailout, the two companies are supposed to wind d...
The Corsican Brothers
...outlive Fannie Mae and Freddie Mac, mortgage-finance firms that have faced an uncertain future in the wake of the housing market’s bust. The Federal Housing Finance Agency, the federal regulator for Fannie and Freddie, on Tuesday said it is looking at the development of a system that could take the place of the proprietary ones of both companies. Getting government out of the...
When will we talk about real isses?
...2005, possibly later) Fannie and Freddie looked around, saw record profits already being made by private financial institutions, and decided to get in. They had enormous market share of repurchased mortgages as opposed to originated (essentially all the clean low income mortgages, huge numbers of little mortgages), so they end up having significant impact. But even the duplicitous Jack Kelly admi...
Housing forecast - good outweighs bad
... less than their owners owe on their mortgages, have also grown in number. Lenders take an average of 16 weeks to sign off on a short sale, so patience is imperative. Of course, the longer lenders take to work through the foreclosure glut, the longer it will take for home-price appreciation to return to its normal pace of 2 percent to 4 percent a year. To hasten the process, the feder...
Tags: home sellers