New single-family home sales rebounded from disappointing June data, reaching a seasonally adjusted annual rate of 507,000, according to estimates released jointly today by the U.S. Census Bureau and HUD.
Read More »Home Prices Rise in Q2, While July Home Values Decline
Home prices in the U.S. rose 1.2 percent in the second quarter of 2015 for the 16th consecutive month, while home values lowered in July for the first time in four years.
Read More »Single-Family Built-For-Rent Construction Rises in Q2
Single-family homes built-for-rent rose to approximately 8,000 starts for the second quarter of 2015, compared to about 6,000 in the same period last year, according to data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design and National Association of Home Builders analysis.
Read More »Administration Outlines FHA Financing for PACE Loans
The Federal Housing Administration and the Obama Administration said on Monday that it plans to issue a set of guidelines that will support borrowers that want to make energy-efficient improvements to their homes.
Read More »Fed Rate Increase Questionable Among Recent Stock Market Losses
Monday's stock market performance brought about some anxiety among big U.S. businesses and other stakeholders while the Dow Jones dropped by 1,000 points and spent the rest of the day fighting its way back toward the break-even point.
Read More »Fannie Mae Forecasts Weak Economic Growth for Rest of 2015
Economic growth in the second quarter fell short of July expectations, presenting a less promising outlook for the rest of the year, according to Fannie Mae’s August 2015 Economic and Housing Outlook.
Read More »Homeowners’ Insurance Could As Much As Double for Borrowers With Poor Credit, Study Finds
Credit scores have become an increasingly important rating factor when it comes to how much a consumer pays for homeowner's insurance. According to a new insuranceQuotes.com study, homeowners with low credit scores pay twice as much for homeowner's insurance compared to those with excellent credit.
Read More »Presidential Candidates Urged to Reform Fannie Mae & Freddie Mac
Edward Demarco challenges the issue of taxpayers guaranteeing repayment for three out of every four mortgages by suggesting that Fannie Mae and Freddie Mac be reformed and removed from taxpayers pockets.
Read More »Fannie Mae and Freddie Mac Surpass FHFA Credit Risk Transfer Goals
Fannie Mae and Freddie Mac have surpassed the credit risk transfer goals set by their conservator in just three years. According to the FHFA's Overview of Fannie Mae and Freddie Mac Credit Risk Transfer Transactions for August 2015 released Friday, the GSEs transferred significant credit risk on loans totaling more than 667 billion dollars in unpaid principal balance.
Read More »Millennial Renters Desire Homeownership Pending Income Improvements
Many housing experts feel that millennials are not as interested in homeownership than previous generations and prefer the freedom of renting instead, according to Fannie Mae commentary by Sarah , strategic planning analyst for Fannie Mae's Economic and Strategic Research Group.
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