FHFA leaving g-fees alone, revising primary mortgage insurance requirements

FHFA leaving g-fees alone, revising primary mortgage insurance requirements

Move will lower fees for riskier borrowers; change is ‘revenue neutral’

Housing advocacy groups call on FHFA, CFPB to investigate “pro-foreclosure” tactics

Groups cite Ocwen as leader in preventing mortgage defaults

Court filing reveals name of anonymous whistleblower in Zillow/Move lawsuit

Former Zillow VP of Strategic Partnerships wrote the letter
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4 maps show exactly what happened after the housing crash

And where the market is in this so-called recovery

Map of the United States
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The effect on homeowners of the housing bubble and crash is pretty well reported.

But what about the big picture?

In 2006, the housing market crashed, and from 2007 to 2009, the value of real estate owned by households fell by nearly $6 trillion.

The economy in general hasn’t been doing too well since then – this is the longest it's ever taken to recover from a recession, if you want to call it a recovery – and there doesn’t seem to be any big boosts on the horizon.

Just last week mortgage rates hit a six-month low of 4.2%.

Job growth continues to disappoint, affordability remains an issue and sales of almost all single-family home types are weak. Mortgage applications are slow. Wage stagnation remains a challenge for both housing and for the economy in general.

Here’s a good look at how we got here, as seen in these four maps provided by VisualizingEconomics.

First the price stagnation:

Next, post bust housing prices.