Ya Gotta Watch This Video!
Fannie and Freddie have a new appraisal “review” system that could possibly turn the industry upside down with delay’s, higher costs and dead deals. http://thenationalrealestatepost.com/appraisal-time-bomb-coming-in-january-2015/?
----------------------------------------------------
The national average contract mortgage rate for the purchase of previously occupied homes by combined lenders index was 4% for loans closed in late November. This is down 11 basis points from 4.11% in October.
Meanwhile, the average interest rate on all mortgage loans was 4.01%, dropping 10 basis points from 4.11% in October. -- Brena Swanson in HousingWire
----------------------------------------------------Shared by Kyoung Woo Park, Paris
----------------------------------------------------
RealtyTrac has released an analysis of fair market rents and median home prices in more than 500 U.S. counties, which shows that buying is still more affordable than renting in the majority of U.S. housing markets, while the opposite is true in markets with the biggest increase in the millennial share of the population over the last six years. -- NationalMortgageProfessional.com
----------------------------------------------------
A group of House Republicans sent a letter to the head of the Federal Trade Commission (FTC) expressing their concerns over residential solar power leasing programs and the potentially problematic impact these programs might create for homeowners.
“Given the rapid expansion of the rooftop solar industry, we wish to call your attention to the emergence of third-party leases for rooftop solar systems,” the lawmakers wrote in their letter to Edith Ramirez, chairwoman of the FTC. “Some of these companies that market leased solar systems to consumers as a way to leverage promoting solar leasing products are actually acting as sellers of financial products, leveraging the federal investment tax credit (ITC) and applicable state renewable subsidies to obtain tax equity investment for the purposes of turning a profit. Under increasing pressure from Wall Street to sign up more leasing customers before the ITC expires, these companies are reported to be using potentially deceptive sales tactics—practices that, if true, merit investigation.” -- Phill Hall http://nationalmortgageprofessional.com/news/52157/gop-voices-concern-residential-solar-panel-leasing-deals?
----------------------------------------------------Shared by Valentina Cirsola, taken by Edith Kukla
----------------------------------------------------
According to analysts from Wells Fargo (WFC), 2015 is going to be a year of change for housing, but the changes won’t be as seismic as you might think. Here are Wells Fargo’s seven predictions for housing in the new year.
1. There will be movement toward housing finance reform.
2. But significant changes to Fannie Mae and Freddie Mac are still years away.
3. No significant progress will be made toward a single-agency security, but there’s good news too.
4. GSE risk sharing will expand in 2015.
5. Issues involving nonbank servicers aren’t going away.
6. Single-family rental bonds will grow and change.
7. Interest rates will rise.
--Ben Lane in HousingWire http://www.housingwire.com/articles/32453-wells-fargos-7-housing-predictions-for-2015
----------------------------------------------------
Homeowners who had short sales in 2014 can now breathe a giant sigh of relief, as the Mortgage Debt Forgiveness Act was signed into law by President Barack Obama. -- Ben Lane in HousingWire http://www.housingwire.com/articles/32456-short-sale-tax-break-signed-into-law
----------------------------------------------------
Shared by Martin Shervington, taken by What on London, British Museum
----------------------------------------------------
CoreLogic: 5 drivers of housing in 2015
Millennials, oil, home prices make the list
--Brena Swanson in HousingWire http://www.housingwire.com/articles/32458-corelogic-5-drivers-of-housing-in-2015----------------------------------------------------
CoreLogic has released its annual Natural Hazard Risk Summary and Analysis detailing the most significant natural disasters of 2014 and providing several projections for 2015. The report provides a look at the year's hurricanes, floods, hailstorms, tornados, wildfires, sinkholes, earthquakes, tropical cyclones and typhoon events in the U.S. as well as an international snapshot of the hazard events that imposed significant damage across the globe.
http://nationalmortgageprofessional.com/news/52193/corelogic-toll-natural-disasters-dips-2014
----------------------------------------------------
Shared by Pham Nhu Phuong, Brisighella in Winter, Italy
No comments:
Post a Comment