This is why Fannie and Freddie mortgage initiatives won't work

This is why Fannie and Freddie mortgage initiatives won't work

MBA declarations are feel-good, but temporary

How far can lenders push the credit box?

Watt announcement helps, but risk keeps standards tight

Warren calls for GAO investigation of nonbank servicers

Asks GAO to review “unprecedented” growth of nonbank servicers
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Items Tagged with 'Real estate'

ARTICLES

Jennifer Lawrence buys Jessica Simpson’s former home

Purchases bachelorette pad for $8.225 million
Brena Swanson
This Hunger Games star just purchased a new bachelorette pad for $8.225 million, but she's not the first celebrity to walk the halls of this Beverly Hills mansion.
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Marriage ignites the desire to buy a home

...except people aren’t getting married
Brena Swanson
Marriage is no longer at the forefront of Americans' minds as more people choose to delay marriage, creating a ripple effect that pushes the prospect of homeownership further back.
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Freddie Mac: Mortgage rates continue to fall below 4%

Hit lowest level in over a year
Brena Swanson
Mortgage rates continued to fall after last week’s significant drop and dipped to the lowest level since the week of June 6, 2013, the latest Freddie Mac Primary Mortgage Market Survey said.
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PulteGroup 3Q net income drops to $141M

“We are encouraged by proposed changes at FHFA”
Brena Swanson
"By remaining disciplined in our construction and land investment practices, we continue to improve our returns on invested capital while positioning the Company to take advantage of market opportunities,” said Richard Dugas, Jr., chairman, president and CEO of PulteGroup.
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RealtyTrac: Seriously underwater homes hit 2-year low

But it’s not all positive news
Brena Swanson
“The decrease in underwater properties is promising but the estimated $1.4 trillion in negative equity means that the flood waters are not receding as quickly as they were before, corresponding to slowing home price appreciation,” said Daren Blomquist, vice president at RealtyTrac.
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Freddie Mac: The 4 ingredients for housing recovery

Recovery still has a ways to go
Brena Swanson
"Combined, these forces, once firing on all cylinders, can provide the lift off needed for economic growth to be stronger in 2015,"said Frank Nothaft, Freddie Mac vice president and chief economist.
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September existing-home sales jump to highest annual pace

Sales rise as rates drop
Brena Swanson
Despite last month’s slight retreat, existing-home sales jumped back up to their highest annual pace of the year. And on top of that, all major regions except for the Midwest experienced gains in September.
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MBA leaders challenge federal regulators to take action

MBA: It's time for the penalty phase to end
Sarah Wheeler
"Today's lenders are paying many times over for mistakes that may have been out of their control," Bill Cosgrove, MBA chairman, said Monday at the MBA Convention in Las Vegas. "And it's the consumer who pays the ultimate price. It's time for the penalty phase to end."
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NAHB: Builder confidence ends four months of consecutive increase

Reverses course, drops
Brena Swanson
“While there was a dip this month, builders are still positive about the housing market. After the HMI posted a nine-year high in September, it’s not surprising to see the number drop in October,” said National Association of Home Builders Chief Economist David Crowe.
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Freddie Mac: Mortgage rates officially at new 2014 lows

Rates drop below 4%
Brena Swanson
Mortgage rates continued to drop, falling to new yearly lows as the 30-year fixed-rate mortgage hit its lowest level since June 20, 2013. This was also the last time the 30-year FRM averaged below 4%.
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