Tag Archives: Government Program

Home Builder Confidence Surges Amid Big Headwinds

Home builders are more confident about their market today than they have been in over four years. Buyer traffic, current sales, and sales expectation are all improving, at least according to the latest sentiment index from the National Association of … Continue reading

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As Mortgage Refinancings Surge, Banks Struggle

Barely two weeks into a new government program that allows severely underwater borrowers with loans backed by Fannie Mae and Freddie Mac to refinance their loans to lower rates, the numbers are surging. Applications to refinance jumped 9.4 percent last … Continue reading

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President Obama Proposes Mortgage Refinances for ‘Responsible Borrowers’

After several largely ineffective programs to help troubled borrowers and after fruitless attempts at budging the hard-line conservator of Fannie Mae and Freddie Mac, President Obama is proposing a brand new refinance program for borrowers who are current on their … Continue reading

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Foreclosure Investors are Double-Edged Sword

The best and most expeditious way to clear the vast inventory of foreclosed properties weighing down today’s housing market is to get more investors in and sell them these properties at bulk discounts. That’s what the Obama administration and Federal … Continue reading

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Mortgage Modifications Wind Down As Foreclosures Heat Up

Mortgage modifications under the government’s bailout program, permanent and trials, and as well as proprietary modifications made by the big banks continue to fall and are falling at an increasing clip. You might think it’s because there are fewer troubled … Continue reading

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Short Sales Surge, But No Thanks to Government Program

Any time I see a 74 percent jump in anything, I hear alarm bells, so when the Treasury Department reported just that big a jump in its Home Affordable Foreclosure Alternatives (HAFA) program, I figured there had to be something … Continue reading

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Government’s Mortgage Bailout Under Attack

Today House Republicans will take up arms against a sea of government housing bailouts, voting to abolish the Federal Housing Authority’s (FHA) $14B Short Refi program and the $1B Emergency Mortgage Relief Program. Next week they will take up the … Continue reading

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