Total housing sales in 2010 will be down about 8% from last year, and will mark the bottom the downturn, says a monthly report from Fannie Mae economists.The economic outlook from Fannie Mae’s Economics and Mortgage Market Analysis Group is fairly upbeat looking ahead.
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More and more Americans are choosing to rent instead of buy. With two single-family rental securitizations on the market at press time and more likely in the works, this new asset class has the financial market energized..
There are ways mortgage bankers can maintain reasonable profit margins while facing rapid volume changes, new mortgage rules and increasing investor requirements, writes industry expert David Green. Read More