USA Today posted an article entitled: “Housing outlook is more upbeat.” Apparently, it’s believed that the housing market is finally nearing the bottom for good. According to the article, both home sales and home building are expected to rise this year–after the steep decrease in both the past five years. Here are just a few …
Government sponsored enterprise Fannie Mae recently announced additional results from its Servicer Total Achievement and Rewards Program (STAR). Fannie’s initiative, which helps evaluate servicers seeking to assist homeowners in preventing foreclosure, released more rankings from the second-quarter, highlighting those servicers that achieved at least a 3 STAR measurement for the period. Targeting consistency in customer …
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Congressman Gary Ackerman (D-New York) sent a letter to House Appropriators Thursday urging them to extend the temporarily increased conforming loan limit that will otherwise expire October 1. Ackerman was joined by 36 members of Congress in his request. Ackerman suggested the conforming loan limit extension be built into the continuing resolution that will keep …
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The Federal Reserve says it will complete its purchases of $600 billion in Treasury securities by the end of this month as planned – a program that Fed Chairman Ben Bernanke says has succeeded in keeping mortgage interest rates low. These low interest rates combined with the reduction in home prices endured over the last …
Continue reading ‘The distressed market is holding housing back’ »