Housing market another battlefield for U.S. Vets

“New data reveals that our nation’s veterans face unique challenges when it comes to achieving homeownership. When members of our military leave active duty and return to the United States, in most cases they do not return to a home they own. In fact, only 18 percent of veterans return to a home they already …

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Fannie Mae Releases Forecast on Housing, Economy

“Given improvements seen in housing, Fannie Mae revised its housing forecast higher for 2012 and 2013 in its November economic outlook report. According to the GSE, the fundamentals are set in place for a “solid” housing recovery, such as low interest rates, rising prices, and a labor market that’s healing. Considering these developments in housing, …

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Lenders’ Risk Managers Expect Mortgage Delinquencies to Drop

FICO’s quarterly survey of bank risk professionals found a reversal in the sentiment of U.S. lenders, with expectations for loan repayments more upbeat in the first quarter of 2012 than they had been during the previous quarter. The survey, conducted for Minneapolis-based FICO by the Professional Risk Managers’ International Association (PRMIA), found fewer lenders anticipating …

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Freddie Mac Expects Low Mortgage Rates Through Mid-2012

Mortgage rates will likely remain very low, at least through mid-2012, according to Freddie Mac. Rates on 30-year conforming mortgages have hovered around 4.0 percent or lower for the past quarter. The GSE says that in large part due to the Federal Reserve’s program for extending the maturity date for mortgage securities it holds. This …

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