Archive for August, 2017


Freddie Mac: Portfolio is Growing

Freddie Mac reported today that its total mortgage portfolio increased at an annualized rate of 1.8 percent in July.  The portfolio balance at the end of the period was $2.044 trillion compared to $2.041 trillion at the end of June and $1.966 trillion at the end of July 2016. Purchases and Issuances totaled $32.561 billion, […]

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Real Estate’s Big Players Respond To Hurricane Harvey – Inman

Keller Williams’ charity arm, KW Cares, has three bright-red 18-wheeler trucks parked at a depot outside Austin, Texas, ready to enter Houston. Packed with generators, nonperishable food, diapers, cleaning supplies, wheelbarrows, flashlights and more, the trucks have been prepared to roll out since Monday, when Hurricane Harvey continued to make its ugly way through the […]

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US home prices up in June, led by 13% Seattle surge

WASHINGTON — U.S. home prices climbed higher in June with gains that are eclipsing income growth — creating affordability pressures for would-be buyers. The Standard Poor’s CoreLogic Case-Shiller 20-city home price index rose 5.7 percent in June, according to a Tuesday report. The separate national average rose as well, putting it 4.3 points above its […]

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National Association of Realtors urges reauthorization of federal flood insurance program

by Blake Boldt August 29, 2017 In the aftermath of Hurricane Harvey, the National Association of Realtors (NAR) has created a petition encouraging members to support the reauthorization of the National Flood Insurance Program (NFIP), which is set to expire Sept. 30. The NFIP was developed in 1968 to “reduce the impact of flooding on […]

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Fannie Mae-Per Atty, Federal (also known as), Federal National …

Fannie Mae-Per Atty, Federal (also known as), Federal National Mortgage Association-Per Atty and Fannie Mae (also known as) sell 135 Lake Drive, Algonquin The home at 135 Lake Drive, Algonquin was sold on Aug. 22, 2017 by Fannie Mae-Per Atty, Federal (also known as), Federal National Mortgage Association-Per Atty and Fannie Mae (also known as) […]

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Guideline Changes on Fannie Mae Loans Could Help Clients Qualify

The qualifications for getting a mortgage are often changing. Sometimes the changes are good, and other times the news could be better. We’ve made some guideline revisions on Fannie Mae loans that should be welcome news for clients. The change results in higher maximum debt-to-income (DTI) qualifying ratios. If debt has prevented you from qualifying […]

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Fannie Mae, Freddie Mac suspend foreclosures and evictions in wake of Hurricane Harvey

Fannie Mae and Freddie Mac are extending additional relief to homeowners affected by the catastrophic flooding caused by Hurricane Harvey. Last week, Fannie and Freddie announced a number of measures that mortgage servicers can take to aid borrowers whose homes were damaged by the storm, including mortgage forbearance and other options. Now, with officials declaring […]

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Workshop offers realtors a better understanding of the impact of climate change on real estate investments

(August 21, 2017 – Asheville, N.C.): Natural disasters have become a significant factor underlying mortgage default. Weather patterns are changing, creating new risks for real estate investing. Traditional risk mitigation strategies such as insurance and disaster relief funds are increasingly falling short leaving homeowners with significant debt and little to no equity. Ecological Services and Markets […]

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Homeowners worry as National Flood Insurance Program set to end

You are using an outdated browser. Upgrade your browser today or install Google Chrome Frame to better experience this site. <!– Sign In –> Current 81 Cloudy 3-Day Forecast HI: -° LO: 78° HI: -° LO: 78° HI: -° LO: 78° <!– layout: {uuid=0e8caed3-dba8-413f-80b3-651d8a8a58af, plid=234093214, groupId=130949050, companyId=10155, createDate=null, modifiedDate=Mon May 08 19:54:22 GMT 2017, privateLayout=false, […]

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Housing shortage continues to push Capital Region prices higher

Analysis of Capital Region real estate is still showing signs of a sellers’ market, with a busy summer season underway. According to a latest monthly report from the Greater Capital Association of Realtors, buyers continue to seek out homes from an inventory that continues to shrink, while sellers are seeing multiple-offer situations above list price […]

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