Industry Update: the Future of eClosing and RON

Join industry experts for an in-depth discussion on the future of eClosing and how hybrid and RON closings benefit lenders and borrowers.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

How Biden’s Neighborhood Homes proposal impacts real estate investors

Dubbed the Neighborhood Homes Tax Credit, the proposal is part of the larger American Jobs Plan legislation — also known as Biden’s infrastructure plan. Here's a look into how it impacts real estate investors.

Freddie to Stop Buying, Securitizing Interest-Only Loans

Freddie Mac (FRE) will stop purchasing and securitizing interest only mortgages on Sept. 1, 2010, the government-sponsored enterprise announced Friday. While additional information won’t come until Freddie issues an upcoming Single-Family Seller/Servicer Guide bulletin, the new policy applies to Freddie Mac Initial Interest fixed-rate and adjustable-rate mortgages and other similar loan products. Interest only mortgages provide for interest-only payments for a specified period of time beginning with the first monthly payment after the note date, and principal and interest payments on a fully amortizing basis for the remainder of the mortgage term. Earlier this week, Freddie Mac said it lost $7.8bn in Q409, capping off the GSE’s 2009 losses at $25.7bn. While significant, by way of comparison the losses are around half of Freddie’s $50.1bn loss in 2008. Write to Austin Kilgore. The author held no relevant investments.

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The housing market is losing steam

Mortgage applications for new home purchases decreased 3% from May and 23.8% year over year, suggesting buyer fatigue in the housing market.

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3d rendering of a row of luxury townhouses along a street

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