Student-loan borrowers retreated from home buying for the second year in a row, outpaced in the mortgage market by young people who aren’t saddled with college debt, according to a report.
Read More »Fannie-Freddie overseer eases loan buyback rules
Melvin L. Watt, the overseer of Fannie Mae and Freddie Mac, is loosening rules that have forced banks to buy back billions of dollars worth of flawed home loans in an effort to spur the housing market.
Read More »Tight lending leads to surge in cash home buying
Cash is keeping residential sales trudging along while mortgage lending plummets, hurt by rising interest rates and stiff credit requirements. Americans seeking a loan to purchase their first dwelling are increasingly shut out.
Read More »FHA fee increases shut out homebuyers
The FHA boosted its fees after a surge in defaults during the housing crash depleted its capital reserves. The increases, which have helped replenish the FHA’s coffers, have also prevented hundreds of thousands of first-time purchasers from getting FHA loans.
Read More »Freddie Mac to start filling trailer park void, Buffett laments
Want to buy a trailer park? Freddie Mac wants to give you a loan.
Tagged with: Freddie Mac
Read More »Homeownership rate in the declines to the lowest since 1995
The homeownership rate in the U.S. declined to the lowest in almost 19 years as rising property prices and mortgage rates held back demand.
Read More »National Association of Realtors: Pending home sales begin to thaw
Pending home sales are again on the rise, for the first time in nine months, according to a new report by the National Association of Realtors.
Read More »Fannie-Freddie fate hangs on Senate action this week
A U.S. Senate plan for Fannie Mae and Freddie Mac, the most thorough yet for winding down the two mortgage financiers, faces a first test this week with its authors making last-minute changes to gather more support.
Read More »Investors push for new trustee standards in Fannie-Freddie bill
The Association of Institutional Investors, whose members include Pacific Investment Management Co. and Fidelity Investments, is pushing lawmakers debating an overhaul of the U.S. home-loan market to create an “unambiguous fiduciary standard” for certain mortgage-bond trustees.
Read More »Auction for Crestwood Mall at $1.5M
Want to buy Crestwood Court? The slow-going online auction for the now-defunct St. Louis County mall ends tomorrow.
Read More »Property-tax collections rising at fastest pace since U.S. crash
Property-tax collections are rising at the fastest pace since the U.S. housing market crash sent government revenue plunging, helping end an era of local budget cuts.
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