Tag Archives: Fannie Freddie

Attention Mortgage Shoppers, Could Walmart Be Next?

They also want better service and transparency. Although most respondents to the survey showed satisfaction with primary banks (81 percent), many expressed frustration that could push them to find a lending alternative. Top on the list of gripes: “slow execution.” … Continue reading

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Regulator Claims New Rules Will Loosen Mortgage Lending

Ask any real estate agent, home builder or home buyer what is the biggest barrier to entry in today’s housing market, and the likely answer will be: tight credit. The lax lending of the latest housing crash is no more, … Continue reading

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‘Underwater Mortgage’ Refis Get Fresh Push in Congress

A slight improvement in home prices has helped to pull some U.S. homeowners back above water on their mortgages, but the gains are small, and the problem is still epidemic.  As of July, 22.4 percent of homeowners with a mortgage … Continue reading

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‘Wind Down’ of Fannie, Freddie: ‘Positive for Housing’?

wind down” mortgage giants Fannie Mae and Freddie Mac, the U.S. Treasury Department is changing the terms of the capital support agreement that kept the two afloat in the first place. Fannie Mae and Freddie Mac were put under government … Continue reading

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Home Buyers Could Pay for Payroll-Tax Cut

At face value, it seems like an easy, albeit creative way to pay for the extension of the payroll tax cut. Raise the fees that banks pay mortgage giants Fannie Mae and Freddie Mac to guarantee home loans. These are … Continue reading

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Loan Limits a Constant Volley

Barely a month after loan limits at Fannie Mae, Freddie Mac and the Federal Housing Administration were lowered to a maximum of $625,000, there is a move to raise them yet again. The Senate passed an amendment a few weeks … Continue reading

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Fannie, Freddie Vs. Big Banks: Housing Gets Hurt

When I first read the New York Times story this on an impending lawsuit by the Federal Housing Finance Agency (FHFA), conservator of mortgage giants Fannie Mae and Freddie Mac, against more than a dozen big banks, I thought, why … Continue reading

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Home Sales Fall on Credit, Cancellations, Confidence

July’s existing home sales, which represent contract closings, came in well below expectations of a two to three percent gain, falling 3.5 percent month to month. While analysts called for an increase, based on several months of rising pending home … Continue reading

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Falling Home Prices Hit Big Banks, Fannie, Freddie

Home prices began double-dipping months ago, but now that SP/Case Shiller has chimed in, it really must be so. This report is the most widely-followed home price index, equally quoted in bank boardrooms, Treasury Department back rooms, and Congressional Committees. … Continue reading

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No Housing Recovery Without Private Label Mortgage Investors

Despite the lowest interest rate on the 30 year fixed in six months, mortgage applications to purchase a new home fell last week, over 3 percent. In fact, purchase application volume has been falling, on average, for the past four … Continue reading

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