News / Features

FHFA Considering Fannie/Freddie CEO Paycuts

The FHFA, according to recent interviews, is considering changes to how the CEOs at Fannie Mae and Freddie Mac are compensated, and are even surveying the salaries of other government employees in the process. Long a source of controversy,

Modification Goals Likely HAMPered to the End

New data from the federal government on mortgage originations suggests that, as previously predicted by scores of analysts and financiers, the Home Affordable Modification Program, or HAMP, will fall short of its modification goals when the program was launched

Come February, Will HARP 2.0 Be Homeowners' Valentine?

HARP 2.0, the official name given to the Home Affordable Refinance Program after a series of revisions in October, has been a factor in the housing market for more than four months now, and some analysts are predicting its

NAHB's Improving Markets Index Adds 40 Cities

The National Association of Home Builders (NAHB) added 40 new metro areas to its Improving Markets Index (IMI) in its latest release yesterday, bringing to total number of cities to 76 across 31 states. Designed to track housing markets throughout

Are Strategic Defaults the Answer for Underwater Homeowners?

Strategic defaults, economic-speak for walking away from a distressed property, are not only on the rise but, according to some sources, an economically-feasible option for underwater homeowners. According to a survey conducted by Paola Spienza and Luigi Zingales, two

Government Planning REO Conversion Pilot Program

Not even a week after the Federal Reserve published an economic white paper urging government action on REOs, word has trickled out of Washington that the government, in cooperation with Fannie Mae and Freddie Mac, is planning a pilot

HUD Awards $3.6 Million to Communities in Need

Secretary Shaun Donovan of the U.S. Department of Housing and Urban Development (HUD) announced that 13 communities from around the U.S. are to receive $3.6 million in Choice Neighborhoods Planning

Optimism Main Takeaway From Latest Fannie Survey

Expectations for both homeowners and consumers rose in promising ways in December in the latest Fannie Mae National Housing Survey. According to a press release from the GSE, the percentage of Americans who said the economy was on the

Residential Construction Employment Up for First Time in Six Years

Residential construction employment finished 2011 in positive territory, the first time that the sector has experienced gains in six years, according to new data from Calculated Risk’s Bill McBride. Not since 2005, when residential construction increased by an incredible

Another Down Month for the CoreLogic HPI

The CoreLogic Home Price Index (HPI), the influential measure of home values that is used by the Federal Reserve in its analysis, came out earlier today, showing values in November continued their winter slide. A three-month weighted average of

Could Mortgage Insurance Deductions Bite the Dust?

The mortgage insurance tax deduction, a commonly-used feature that can save homeowners to the tune of hundreds of dollars a year, could be a thing of the past, according to a new piece by HSH. First approved by Congress

Freddie Follows Fannie's Lead, Cuts Big Refinancing Obstacle

Following in the steps of Fannie Mae, Freddie Mac has eliminated a major restriction to borrowers seeking to refinance with existing servicers. Beginning yesterday, borrowers now have no credit score requirement for refinancing, as long as they have at

What Will New CFPB Director's Impact be on Housing?

Richard Cordray, the former Attorney General of Ohio, was officially sworn in as director of the Consumer Financial Protection Bureau (CFPB), a long-awaited appointment that had been stalled by Congressional stonewalling. The question for real estate professionals, though, is

Fannie/Freddie Fee Hikes Could Raise Rates by 25 Basis Points

April 1 is the set date for when the new Fannie Mae and Freddie Mac guarantee fees will rise by 10 basis points as the primary funding method for the government’s recently-passed payroll tax cut extension, and Lenders One,

The Saga Continues for NAR Sales Data Revisions

On December 21, as the year winded down and everyone began anticipating the holidays, the National Association of Realtors (NAR) quietly released a 14 percent downward revision to its existing-home sales, reversing data going back to 2007. Though the

Fed Outlines Potential REO Conversion Program

REO inventories, and the supposed plan on what to do with them, have attained a near-mythical status in recent months. Every month or so, we publish a story on recommendations from the National Association of Realtors, local attempts to

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