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Fannie Mae and Freddie Mac brought in a combined net income of $6 billion in the third quarter, rising 20% over the government-sponsored enterprises’ net income of $5 billion in the second quarter, the Federal Housing Finance Agency reported in its Quarterly Performance Report of the Housing GSEs. -- Ben Lane in HousingWire http://www.housingwire.com/articles/32479-fannie-freddie-net-income-up-20
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Shared and taken by M. Friedrich, Wimereux - Frankreich
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Zillow (Z) has agreed to further delay its acquisition ofTrulia (TRLA) until at least Feb. 15, 2015, due to continued requests for information from the Federal Trade Commission. -- Ben Lane in HousingWire http://www.housingwire.com/articles/32484-zillow-trulia-deal-delayed-again
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Distressed home prices increased at a faster pace, up 18% from a year ago while non-distressed home prices were up 14% during the same time period. -- Brena Swanson in HousingWire http://www.housingwire.com/articles/32468-realtytrac-distressed-home-prices-hit-new-5-year-high
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Shared and taken by Norbert Metz, somewhere in Germany
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Nat'l Real Estate Post:
FHA mortgage insurance is too high and therefore their foreclosures will increase.
http://thenationalrealestatepost.com/mba-warns-fha-about-mi/?
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Drivers who own their own homes have a tendency to file fewer auto-insurance claims than renters, at least that’s one study proposes. Per The Wall Street Journal: -- Brena Swanson in HousingWire
http://www.housingwire.com/articles/32493-are-homeowners-better-drivers
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Shared and taken by Dirk Gonthier, Street
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Contracts to purchase previously owned homes rose in November as employment gains and low borrowing costs helped bring potential buyers into the market. Michelle Jamrisko in Bloombergnews.com http://www.bloomberg.com/news/2014-12-31/pending-sales-of-u-s-existing-homes-increase-0-8-in-november.html
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(Bloomberg) -- U.S. renters paid $441 billion for apartments and houses this year, a $20.6 billion increase, as fewer Americans owned their homes and landlords with tight inventories raised leasing charges, Zillow Inc. said Tuesday. -- Bloomberg News http://www.crainsnewyork.com/article/20141230/REAL_ESTATE/141239997/costs-for-u-s-renters-climbed-by-20-6b-in-2014
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Shared and taken by Hans Hartings, Amsterdam
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The CFPB’s rapid pace is likely to continue this year as it tackles some of its trickiest areas yet, including payday loans, debt collection and overdraft protection, which are likely to have a significant impact on the financial services arena. -- Rachel Witkowski in http://www.americanbanker.com/news/law-regulation/cfpb-plans-packed-agenda-for-2015-1071985-1.html
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