Fannie Mae will start backing 3% down mortgages by the middle of this month. Freddie will start in March.
http://thenationalrealestatepost.com/fannie-mae-to-back-3-down-loans-this-month/?
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While the tight inventory of homes suggests to some that home-price appreciation may be picking up again, it won’t be long lived, and price gains will likely settle in at about 4%. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/32281-capital-economics-any-home-price-rebound-will-be-temporary
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The Market Composite Index, a measure of mortgage loan application volume, increased 7.3% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 52% compared with the previous week. The Refinance Index increased 13% from the previous week. -- Trey Garrison in HousingWire
http://www.housingwire.com/articles/32290-mortgage-applications-reverse-course-jumping-73
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Renters figure to stay renters, at least for the next three years, according to a new report by Freddie Mac. Still, most American renters want to own a home. -- Colin Wilhelm in Origination News
http://www.nationalmortgagenews.com/news/origination/renters-view-ownership-favorably-but-dont-plan-to-buy-soon-1043312-1.html?
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Shared and taken by Norbert Metz, Portal of the Cologne cathedral
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WASHINGTON — After a six-year delay, Fannie Mae and Freddie Mac will finally begin setting aside a portion of their revenues to fund the development of rental housing for low-income families. -- Brian Collins in National Mortgage News
http://www.nationalmortgagenews.com/news/secondary/fhfa-orders-gses-to-start-supporting-affordable-housing-trust-funds-1043332-1.html?
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Nat'l Real Estate Post:
A little Christmas cheer from.....Fannie and Freddie are suspending foreclosures during the holiday season.
The Fannie Mae National Housing Survey is out and it shows consumers may have lost a little confidence in housing last month.
Barry Habib says mortgage rates will stay low and might drop some yet again.
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Shared and taken by M. Friedrich, Holland
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More than 14,000 Floridians will receive checks totaling more than $16 million this week as a result of the national Ocwen mortgage settlement, Florida Attorney General Pam Bondi’s office announced. -- Brena Swanson in HousingWire http://www.housingwire.com/articles/32304-florida-borrowers-get-more-than-16-million-back
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Under Fannie Mae’s guidelines, homebuyers could purchase a home under its standard offering or the My Community Mortgage product with a three percent downpayment, provided that at least one co-borrower is a first-time homebuyer. Eligible homeowners seeking to refinance their Fannie Mae-owned mortgage, but do not qualify under the Home Affordable Refinance Program (HARP), will be able to refinance up to the 97 percent LTV level under a limited cash-out option. -- Phill Hall in National Mortgage Professional
http://nationalmortgageprofessional.com/news70787/three-percent-solution-will-gses-revitalize-housing?
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Shared and taken by Guy Kawasaki, Gold Coast of Australia
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