The banking giant isn’t giving up the mortgage-lending top spot without a fight
The fight could end up in the Supreme Court
A real estate investor that I know has a saying, “Your most expensive money is your own money, and your second most expensive money is your family’s money.” For those of you who have made a real estate investment with a family member, you can probably understand very well the meaning of that saying.
Could the new Qualified Mortgage (QM) rule bring about a dangerous housing bubble?
An alternative to purchasing a house onn the open market is to purchase family-owned property. Buying a family-owned home allows the buyer and the seller to directly set the purchase price between themselves.
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.