News / Features

How to Explain the NAR’s Counting Mishap?

We’re two days away from the official unveiling of the National Association of Realtor’s (NAR) revised existing home sales, and like many journalists and analysts, we await what will likely be a release of data that will greatly influence

What are the Costs of the Payroll Tax Cut?

The payroll tax cut drama continued earlier today when Speaker of the House John Boehner announced that the House of Representatives would not pass the two-month extension approved by the Senate over the weekend. The divergence in congressional behavior is

Builder Confidence Rises for the Third Consecutive Month

Builder confidence continues to rise in the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), a key measurement of builder sentiment and an influential projection on future housing activity. Derived from a monthly survey that the

Freddie Predicts Jobs, Low Rates and Housing Activity in 2012

It’s the end of the year, and numerous analysts, media outlets and public figures are adding their two cents as to what 2012 will have in store not just for housing, but for the greater U.S. economy (and we’re

Could Housing Fraud Be Making a Return?

After the boom years, Lehman, Fannie & Freddie, Dodd-Frank, and a whole host of other reforms and failures seemed to set the real estate markets straight, but now it appears fraud might be coming back. A new piece in the

SEC Sues Former Execs at Fannie and Freddie

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against six former executives at Fannie Mae and Freddie Mac, including the GSEs former CEOs, alleging that they misled investors and the federal government over the risky nature

More Banks were STARs in the Third Quarter

Earlier today, Fannie Mae released its Servicer Total Achievement and Rewards (STAR) Program results for the third quarter of 2011, which measures the performance of servicers with an emphasis on foreclosure prevention. According to a press release on the program,

Household Debt Continues to Fall in Latest Fed Study

The Federal Reserve yesterday released its third quarter study of household debt, showing that households continued to decrease their debts following the stock market crash of 2008. Using two measures to track debt – the household debt service ratio

2012 a Possible Ray of Light for Construction

Leave it to a credit ratings agency to be the bearer of pleasant news. Fitch Ratings, one of the major ratings agencies in finance, stated in a report released earlier today that economic conditions in 2012 may be more

FHA Nuance Turns Costly in Down Market

A particular mortgage from the Federal Housing Administration (FHA) has suddenly become costly for private lenders, as the weak housing market has exposed an unforeseen loophole in the mortgage’s distinguishing

High Rise Ordinance Faces Next Level of Scrutiny

The long-debated high rise ordinance, which would set guidelines for new high rise developments in residential neighborhoods, is facing a new round of scrutiny, this time by the Houston City Council in today’s session, according to The Houston Chronicle‘s Zain

Latest Zillow Index Hints at Price Stabilization

Home values in the U.S. declined by 0.3 percent from September to October, according to the latest Zillow home index, a measure that formulates the median prices of metropolitan areas using the company’s controversial “Zestimates” data According to a

Pomp and Circumstance the New Roadblock to Homeownership

A good amount of the literature today on the housing market focuses on the various things that “hold housing back.” From tough lending environments to excess inventory, the topic is a common one, and all the reasons, from foreclosures

For Home Loans, is Road Less Taken Worth the Bumpy Ride?

Mortgage lending has returned to its pre-bubble requirements, and some homebuyers are unable to meet private banks’ standards for income, credit scores and other financial factors. We’ve covered on numerous occasions the ascent of Federal Housing Administration loans in

Payroll Tax Cut Debate Hits Home(s)

First it was the 2011-2012 federal budget; then the Super Committee, and its potential $1 trillion deficit-cutting measures; now, it’s the payroll tax cut extension, and though all the previous moments of fiscal gridlock in Washington only mentioned housing

Who’s Really Putting Down 20 Percent?

It’s one of the most common complaints among Realtors, builders and analysts – tight lending from private banks has not only restricted potential homebuyer’s access to credit, but has been one of the leading contributors to the housing downturn

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