National News
Apparently, academics and media outlets aren’t the only ones following Pew research polls. After releasing a study in October on multigenerational housing – which reported that in the last 30 years, 23 million Americans have transitioned to multigen housing,
Affordable housing is now within reach for thousands of very low-income senior citizens and people with disabilities. The U.S. Department of Housing and Urban Development (HUD) announced Wednesday it will grant more than $749 million to housing assistance programs
Housing starts increased in October by 16.5 percent, year-over-year, to a seasonally adjusted rate of 628,000, according to the most recent data from the U.S. Census Bureau and the Department of Housing and Urban
Fannie Mae released its third quarter balance sheets a couple weeks ago, and the $5.1 billion loss – accompanied by a plea for $7.8 billion in additional government financing – chaffed more than a few observers, leading to further
The National Association of Realtors has released its 2011 Profile of Home Buyers and Sellers, a survey of 5,708 home buyers and sellers that studies the demographics and features of both the individuals involved and the properties they were
The National Association of Home Builders/Wells Fargo Housing Market Index (HMI), which gauges home builder confidence for single-family home construction, rose for the second straight month, increasing by three points in November to a total of 20. With October’s
After weeks of deliberation and endless hours of lobbying from the National Association of Realtors and other interest groups, Congress has finally agreed upon a resolution for raising the limits of federal conforming home loans, according to a new
An Oct. 31 study by Moody’s recently pinpointed homeowners with jumbo loans as a greater default risk than any other type of borrowers, including even risky subprime mortgages. Basing its claims on an analysis of of the nation’s mortgage-backed bond portfolios,
The Federal Housing Administration (FHA) released its annual financial report to Congress earlier today, and surprisingly, it boldly contradicts recent claims from academics and news outlets regarding the government agency’s solvency. According to a recent Wall Street Journal piece that
Economists at the National Association of Realtors’ (NAR) annual conference, currently underway in Anaheim, California, expect to see gradual improvements in the housing market throughout 2012. Existing-home sales this year have risen 4 to 5 percent, and new home
The Federal Reserve Bank of New York, as a part of what is commonly being referred to as “Operation Twist,” purchased $5.5 billion in mortgage-backed securities for the week of November
The robo-signing scandals of 2010 sent shockwaves through the lending industry, as national banks, burdened with the considerable weight of thousands upon thousands of foreclosures, short sales and other distressed properties, attempted to reconcile their balance sheets as quickly
After a brief sabbatical, the 30-year FRM is back in familiar territory, falling below 4 percent for the second time in as many months. Motivated by the Federal Reserve’s “Operation Twist,” which involves the Fed buying billions of dollars
A new report from a finance professor predicting the coming insolvency of the Federal Housing Administration has some government officials and analysts spooked, according to a new report from The Wall Street
In a move that seems to confirm the ever-increasing importance of multifamily housing in the current housing market, the federal government is removing several state regulations that will make it easier for developers to build federally-subsidized multifamily homes, according
Fannie Mae and Freddie Mac released earnings and inventory statistics a couple days ago, and the data suggested a substantial decline in REO properties for the GSEs. Counting FHA properties, the GSE’s REO inventories decreased to 226,961 at the
