Monday, April 16, 2012
CNNMoney
The Federal Housing Finance Agency will decide this month whether Fannie Mae and Freddie Mac should allow write downs on the balances of borrowers who owe more than their homes are worth.
Read the full story
http://money.cnn.com/2012/04/09/news/economy/mortgages-principal-reduction/index.htm?iid=HP_LN
Monday, October 24, 2011
A new paper by Federal Reserve Bank of Boston economists used consumer sentiment data to try to find out how the housing market’s state of affairs was affecting the willingness to buy a home. Age mattered, which suggests a new generation may be coming along that will cast a wary eye at homeownership for a long time to come.
Read the full story
http://blogs.wsj.com/economics/2011/10/18/next-generation-of-homeowners-are-freaked-out/
Tuesday, July 26, 2011
NAR recently issued a Call For Action urging REALTORS® to contact Congress and clearly communicate that Congress needs to prevent loan limits from expiring on Sept. 30.
Unless Congress acts, the current loan limits will expire on Sept. 30 and the cost of a mortgage could rise significantly. More than 30,000 California families will face higher down payments, higher mortgage rates, and stricter loan qualification requirements if conforming loan limits on mortgages backed by the Federal Housing Administration (FHA), Fannie Mae, and Freddie Mac are reduced beginning October 1, 2011, according to analysis by C.A.R.
Despite the Obama administration claiming it will support a one-year extension of the current loan limits, Bank of America has already lowered their loan limits for new loans, and others will follow suit.
Please contact Congress today and communicate clearly that a housing recovery depends on keeping mortgages affordable and that Congress needs to prevent these higher loan limits from taking effect.
Take action now
Thursday, July 21, 2011
The Obama administration is ramping up talks on how to revive the housing market, which is weighing on the economic recovery.
Read the full story
http://online.wsj.com/article/SB10001424052702304584404576440033488980192.html?mod=WSJ_RealEstate_LeftTopNews
