Archive for May, 2014


Mercury News interview: Lawrence Yun, chief economist, National Association of …

Lawrence Yun in many ways is the voice of residential real estate. As the National Association of Realtors’ chief economist and forecaster, his predictions are followed, analyzed, praised and criticized by real estate professionals across the U.S., and noted in Congress when legislation involving residential real estate is being considered. When he speaks, he usually […]

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Mercury News interview: Lawrence Yun, chief economist, National Association of Realtors

Lawrence Yun in many ways is the voice of residential real estate. As the National Association of Realtors’ chief economist and forecaster, his predictions are followed, analyzed, praised and criticized by real estate professionals across the U.S., and noted in Congress when legislation involving residential real estate is being considered. When he speaks, he usually […]

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Realtors can now negotiate short sales directly with Fannie Mae

Tweet Tweet Short sales have a long history of being very difficult to process and close the final sale. The main issue real estate professionals and homeowners have, are third-party middlemen known as mortgage servicers who get paid big bucks to service loans. Over the last several years during the housing crisis, these mortgage servicers were very difficult […]

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Fannie Mae expands HomePath for Short Sales website

Fannie Mae is expanding the functionality of its HomePath for Short Sales website. The HomePath site is designed to “help real estate professionals efficiently complete short sales and resolve challenges directly with Fannie Mae.” The site is open to any real estate professional working on a short sale of a Fannie-owned loan. The site’s new […]

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Mortgage refinancings hit 6-year low

Mortgage refinancing of Fannie Mae- and Freddie Mac-backed loans plummeted to a six-year low during the first quarter, as escalating mortgage rates dried up demand. During the first three months of the year, the agencies refinanced 370,856 mortgages, the lowest level of activity since 2008, according to a report from the Federal Housing Finance Agency, […]

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Fannie Mae and Freddie Mac: Mortgage Serious Delinquency rate declined in April

Fannie Mae reported today that the Single-Family Serious Delinquency rate declined in April to 2.13% from 2.19% in March. The serious delinquency rate is down from 2.93% in April 2013, and this is the lowest level since November 2008. The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59%. Earlier Freddie Mac reported […]

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Fannie Mae Releases April 2014 Monthly Summary

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FREDDIE MAC: Mortgage Rates Lower for the Fifth Straight Week

“Fixed mortgage rates eased a bit for the fifth consecutive week as reports that existing home sales are up 1.3 percent but not as much as expected,” said Frank Nothaft, Freddie Mac’s vice president and chief economist. “However, new home sales [PDF] rose 6.4 percent in April to a seasonally adjusted annual rate of 433,000, […]

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Freddie Mac: Three Texas cities dominate housing recovery

The impact of the housing crisis did not hit Teas at the same epic proportions that it did the rest of the nation, skimming by the downturn with only a few cuts and bruises. Now five years after the crisis, the latest Freddie Mac Multi-Indicator Market Index posted that of the four metros in a […]

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U.S. pending home sales show signs of stabilizing

WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes rose modestly in April, a sign of stabilization in the housing market, which had been pummeled by higher interest rates and a harsh winter. The National Association of Realtors said on Thursday its Pending Home Sales Index, based on contracts signed last month, increased 0.4 […]

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