Although they don’t seem to have dealt the industry a huge blow in the short run, interest-rate increases could put the brakes on homebuying in the long term
Rising interest rates could make younger retirees reconsider taking out reverse mortgage credit lines
Privatization of Fannie Mae and Freddie Mac, the two government-sponsored mortgage investment giants that together are carrying close to 80 percent of U.S. housing credit risk, is a step closer to reality. The words of Edward DeMarco, acting director of the Federal Housing Finance Agency (FHFA), at the National Association of Business Economics hinted towards a merger of Fannie and Freddie that could later become a single private entity.
(FHFA) – Federal Housing Finance Agency (FHFA) Acting Director Edward J. DeMarco today released the 2013 Conservatorship Scorecard for Fannie Mae and Freddie Mac. The Scorecard details specific priorities for Fannie Mae and Freddie Mac in 2013 that builds upon the three strategic goals announced in FHFA’s Strategic Plan for Enterprise Conservatorships released in 2012.
As unpaid student loans in the United States pile up and become delinquent, economists are concerned that would-be young homeowners are getting left out of the housing market.
American borrowers have come to regard the 30-year fixed rate mortgage (FRM) as the be all and end all of all residential lending products.
The housing recovery is expected to grow at an annualized rate 0.6 percent through the third quarter of this year, then gain momentum and prices are projected to grow 3.7 percent between the third quarters of 2013 and 2014
As retrospective analysis of 2012’s economic returns becomes more fleshed out, some pretty astounding figures are emerging.