News / Features
Sugarland’s Riverstone community has much to celebrate during its 10-year anniversary. The 2011 year-to-year sales up 35 percent, home sales this past August set an all-time record high, and it is listed among the top 20 selling communities in
Freddie Mac Senior Vice President Paul Mullings confronted negative perceptions on refinancing in a recent blog post, stating that refinancing by Freddie and other government agencies has saved homeowners not millions, but billions of dollars. “One thing I observed
Despite daily doses of apocalyptic news and forecasts, two prominent surveys on housing cut through the fog and show that even in a down market, housing remains a mainstay of the American Dream. The two surveys, one by Fannie
After an off week, mortgage applications bounced back to life the third week of September, increasing 9.3 percent on the Mortgage Bankers Association’s (MBA) weekly study of the application market. Mike Fratantoni, the MBA’s vice president of research and
Construction spending rose 1.4 percent in August, a strong recovery after a disappointing 1.4 percent decline in July. According to data from the U.S. Commerce Department, building in August reached a seasonally adjusted annual rate of $799.1 billion, a
Serious delinquencies for single family homes, which are loans that are either in foreclosure or three month’s late on payments, declined for both Freddie Mac and Fannie Mae in August. For Fannie, the delinquency rate dropped to 4.03 percent,
Record-low mortgage rates and the most affordable housing market in 20 years are jump-starting investments in the mortgage markets, though financing remains tricky. Last week, the 30-year FRM fell to 4.01 percent, the lowest rate in the history of
The U.S. housing market has finally bottomed out, and after two years of flat growth, will begin a slow, steady recovery, according to former RealtyTrac vice president Rick Sharga. Sharga, who is now an executive vice president with Carrington
Stories abound on the immense international investments in the U.S. housing market, and a new study from Credit Sesame seems to have clarified why. According to an elegant infographic that Credit Sesame compiled using price data from Zillow, the New
First, it was the Home Affordable Modification Program (HAMP). Now, it’s the Emergency Homeowner’s Loan Program (EHLP). Both are government programs for housing, and both are due to fall short of their initial goals. Underperformance seems to be the
The Federal Housing Finance Agency (FHFA) offered two plans for revamping mortgage servicing compensation. One model would reduce percentage-based servicing fees on government-sponsored enterprise loans and set aside three to five basis points of the principal balance to fund
The Appraisal Institute, the nation’s largest association of appraisers, has released a new form focused on adequately valuing the green features of a property. Appraisals have a long, storied history with many Realtors and builders, and sometimes not in
Federal Reserve Chairman Ben Bernanke may have stopped in Cleveland to speak about emerging market economies, but his comments during the Q&A session that followed, which included addresses on housing, are garnering all the attention. Repeating statements he made
The question lately regarding mortgages is, how low can mortgage rates go? In the case of the 30-year FRM, the answer is still pending. After falling to a historical low of 4.09 percent, the 30-year rates have fallen yet again
The National Association of Realtors’ (NAR) Pending Home Sales Index, which measures the number of contracts to purchase previously owned homes, declined 1.2 percent from July to August, it still remains above 2010 levels. The August index, at 88.6, was
The Federal Home Loan Bank of Dallas (FHLB Dallas), along with its member institutions, were pleased to announce today that it has awarded more than $3.3 million in Affordable Housing Program (AHP) grants to 14 low- to moderate-income housing