National News

Constructing an Improvement For U.S. Employment

Construction employment may have been down slightly in February, but it is part of a larger trend in the jobs market that points to a slow, but sustainable growth for the U.S. economy through 2012 and beyond. For February, construction jobs

New NAHREP Report Signals Arrival of the Hispanic Homebuyer

Hispanics are anticipated to contribute in transformative ways to the U.S. housing market in the coming years, according to an expansive study of the increasingly prominent demographic by the National Association of Hispanic Real Estate Professionals

REO Magic Tricks at the Government Sponsored Enterprises

The Department of Housing and Urban Development released data last week that both GSE and its own REO inventories were reduced by nearly 50 percent in 2011, a result of both higher sales and the robo signing-inspired foreclosure freeze.

Countdown Begins for GSE Slow Down

Save the Date! The Federal Housing Finance Agency (FHFA) has officially committed to a Dec. 31 end date for establishing a securitization plan for Fannie Mae and Freddie Mac, the long-troubled GSEs that the agency is slowly winding out

Illinois House Puts the Bottle Cap on Property Taxes

By Peter Ricci A new bill approved by the Illinois House would prohibit cities, counties and other local government bodies from raising property taxes on homeowners for years when the assessed value of their home declines. Passing by a

From Realtor to Broker: Determining the Model

By Amanda Lopez, AGBeat.com When you are a Realtor with the itch to be an indie broker, one of the hardest decisions you will make is  what type of brokerage you want to build. Realizing this early on is

Housing Affordability Hits Highest Level in History

By Tara Steele, AGBeat.com Economic indicators show housing is improving, and while recovery is not necessarily imminent, housing affordability conditions have reached the highest level since recordkeeping began in 1970, according to the National Association of Realtors’ (NAR) Housing

Default Risk at Lowest Level in Seven Years

By Peter Ricci Default risk for American homeowners fell to its lowest level in seven years in the first quarter of 2012, according to the latest Default Risk Index from University Financial Associates (UFA), with improving economic conditions being

Lawmakers Renew Calls for Principal Write Downs

It was perhaps inevitable that another White House housing initiative would inspire calls from Capital Hill for principal write downs, but a group of Democrats have taken it a step further in not only pressuring the president for write

Leading Multifamily Index Positive for Multi-Times

The National Association of Home Builders (NAHB) released its latest Multifamily Production Index (MPI) yesterday, showing a steady uptick in the apartment and condominium markets that indicate future activity for the markets. Increasing from 47.3 in the third quarter

Mortgage Debt Continues its Positive Slide

Residential mortgage debt continued to fall in the Federal Reserve’s Flow of Funds report for the fourth quarter, dropping $42 billion, or 1.5 percent. Though it was the smallest drop since 2009, mortgage debt has now declined by $777

Echoes of Prosperity in New Generation of Homebuyers

The “Echo Boomers,” the upcoming generation of working professionals aged 15 to 29, make up nearly 65 million individuals born between 1981 and 1995, an increase of nearly four million from the preceding “Baby Bust”generation. Clearly, quite a few

Consumer Attitudes Stabilizing in February Fannie Survey

Consumer attitudes on both housing and the greater economy appear to be stabilizing, based on the results of Fannie Mae’s February 2012 National Housing Survey, a telephone poll of more than 1,000 Americans that assess their attitude on a wide

CFPB Readies New Rules for Mortgage Servicers

Consumer Financial Protection Bureau (CFPB) Director Richard Cordray indicated in a speech Tuesday before the National Association of Attorneys General that his agency is preparing a new list of rules and guidelines for mortgage servicers drafted to better inform

Prices and Affordability Create a Delightful Inversion

CoreLogic’s Home Price Index, the measure of home values that is used by the Federal Reserve in its economic research, might have fallen for the sixth straight month in January, but it also contributed to what the National Association

Qualification Ills for Mortgage Settlement Principal Reductions

There were quite a few features in the $26 billion mortgage settlement in February between the nation’s five largest banks and 49 state attorneys general, but one of the more notable details involved a $10 billion commitment to principal

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