Sales of previously owned homes fell back 0.8 percent in April, according to a new report from the National Association of Realtors (NAR). Read full story here on DSNews. REOs and Short Sales Slip to 37% of April’s Existing-Home Sales Volume.
02/11/2011 By: DSNews The Treasury Department released the Obama administration’s plan Friday for reforming the nation’s housing finance system and winding down Fannie Mae and Freddie Mac.Officials say the reform measures will shrink the government’s footprint in the mortgage market, fix “fundamental flaws” in the system, increase transparency for investors, and improve underwriting and mortgage […]
Industry Reports Point to Renewal in Commercial Real Estate Financing viaDSNews Mortgage bankers originated $110 billion of commercial and multifamily mortgages during 2010 – an increase of 36 percent from 2009, according to preliminary estimates released by the Mortgage Bankers Association Monday. The bulk of that increase came in the fourth quarter of last year. […]
California Attorney General Kamala Harris announced Friday that the $6.5 million settlement from two former Countrywide Financial Corp. executives will be used to establish a fund to help foreclosed homeowners. California AG to Use $6.5M Settlement to Help Foreclosed Homeowners.
A good sign for the housing market with the FHA extending its Anti-Flipping Waiver allowing investors to Buy bank owned property and resell right away. Read the complete article below by DSNews. FHA Extends ‘Anti-Flipping Waiver’ to Speed Sales of REO Homes. The Federal Housing Administration (FHA) announced Friday that it is extending the suspension […]
The nation’s largest mortgage financier reported a smaller loss during the third quarter of this year than it did in the previous quarter, with the latest figures representing a $17 billion improvement over the company’s financial results just a year earlier. Fannie Mae says, though, that it needs another $2.5 billion from taxpayers to cover […]
According to the Center for Responsible Lending, since the housing crisis took hold, 2.5 million homeowners have already lost their homes and another 5.7 million are at risk of foreclosure. It’s projected that between 10 and 13 million foreclosures will have occurred by the time this crisis abates. The Center argues that the power to […]