- White House Pushes to Make Mortgages More Accessible to Borrowers
Despite the severe economic downfall left behind by the bursting of the housing bubble, home ownership remains as one of the tenets of the American Dream. For many first-time homeowners these days, however, fulfilling that portion of the American Dream is becoming increasingly difficult due to strict mortgage lending guidelines and requirements. This is an issue that the White House wants to alleviate.
- Can Fannie Mae and Freddie Mac Sustain Their Profits?
A recent opinion piece by Matthew C. Klein and published by Bloomberg View argues that recent healthy profits posted by Fannie Mae and Freddie Mac could come to a stop once interest rates start to climb. Mr. Klein supports the reform of both government-sponsored entities (GSEs) even as they continue to post profits in the next few years. He argues that current profits at Fannie and Freddie may not last and could evaporate unless lawmakers and public officials agree on comprehensive reform.
- Days on Market Longer Than Last Year for Home Flips
Two of my most active real estate investors in the Utah market both called me this week with a conundrum. They both have properties that have been purchased, fixed up, and are now re-listed for sale. Both investors are still sitting on these properties after nearly 6 months, and they are still not resold. They've both been under contract several times, but no sale has yet consummated. But what is the conundrum?