Nat'l Real Estate Post:
Barney Frank is trying, yet again, to decimate the mortgage industry. He feels agencies at large shouldn't be persuaded by industry organizations. He wants 20%-30% downpayments in order for the mortgage institutions not to be required to retain 5% of the loaned money. (It is rather confusing). Does this mean civil rights groups should have no influence?
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Shared by Au Duong, Borodur Temple in Indonesia
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Homebuilders are driving into their peak season, with more than 75% of annual homebuilder returns historically generated in the November-to-January timefame, Keefe, Bruyette & Woods noted in its latest report.
Builders are looking at a lack of competitive inventory, and America is going on four years of sustained job growth. The last piece of the puzzle would be looser underwriting standards, McCanless noted. -- Brena Swanson in HousingWire
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Fannie Mae’s recent survey of delinquent borrowers – a group who should be rather pessimistic about homeownership right now – finds that individuals in this group are still committed to the idea of homeownership despite recent difficulties. -- Keri Ann Panchuck in HousingWire
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Shared by Jacob Surland
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Mortgage purchases fell 18% at Fannie Mae in September from the previous month to the lowest level since April 2012 as the refinancing business continued to shrink.
Meanwhile, the serious delinquency rate on Fannie's guaranteed single-family portfolio fell six basis points from August to 2.5% in September. --Brian Collins in Origination News
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Shared by Dieter Birr, Temple in Bali
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