Tag Archives: Fannie Mae

Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 20. Aug, 2010 by Sherry Chris.

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Some slowdowns are good.  DJ Shamantis created an internet hit this week with “U Smile 800 Percent Slower.” A rendition of pop star Justin Bieber’s hit played eight times slower. Give it a full listen if you have 35 minutes to spare. What is speeding up:  The rate of new mortgage applications, quickening 13 percent [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 06. Aug, 2010 by Sherry Chris.

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President Obama, born August 4, 1961, celebrated his 49th birthday this week.  The same year the President was born, the lobby group National Committee against Discrimination in Housing (NCDH) released a report which found that private mortgage lenders continued to “profit from Federal benefits, chartering and insurance” yet still “deny loans on the basis of [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 30. Jul, 2010 by Sherry Chris.

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There was a lot to digest this week, and I’m not just talking about the half-size “Super Sub” President Obama ordered in Edison, New Jersey as part of his tour supporting a small business plan. Food for thought in our industry came in the form of mortgage-to-income ratios at the lowest in more than 30 [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 25. Jun, 2010 by Sherry Chris.

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Even with a whirlwind of news this week – from General McChrystal’s departure to the longest tennis match in the history of Wimbledon – real estate remained a major focus. Sales of new single-family homes were down 32.7 percent to a record low. Sales of previously owned homes, although up 19.2 year over year, fell 2.2 percent. Rounding it out, mortgage applications dropped to their lowest level since 1997. All of these [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 28. May, 2010 by Sherry Chris.

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With Memorial Day this weekend, the perfect storm is setting in for the summer home buying season. Riding the tails of a 7.6% increase in sales of existing homes in April, agents need to take advantage of the season and help sellers spruce up their outdoor areas and to communicate with buyers on what an [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 14. May, 2010 by Sherry Chris.

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This week offered a mixed bag of good and bad news. On the positive front, the rate of late mortgage payments dropped in the first quarter of 2010 and RealtyTrac reported that foreclosures were down 9 percent in April from the previous month and down 2 percent from April of 2009. Foreclosures of homes that [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 07. May, 2010 by Sherry Chris.

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Of course, last Friday was the long anticipated deadline of the home buyer tax credits. While it did cause last minute deals to hurry in and reportedly boosted monthly sales 5.3 percent in March, the results were far less significant than many anticipated. We think this is good news, as it shows the tax credit [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 23. Apr, 2010 by Sherry Chris.

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We talked a lot last week about the swirling arguments in the real estate industry. This week, it seems as if we are starting to see some solutions. Fannie Mae is reducing the waiting period by two years for distressed borrowers to become eligible for a new mortgage. Great news for those who can take [...]

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Taking Suggestions

Taking Suggestions

Posted on 16. Apr, 2010 by Rick Gregory.

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The White House wants our input on how to overhaul the nation’s $11-Trillion mortgage market. Through the Office of the Federal Register, the administration will be asking the public to provide comments to questions regarding the futures of Fannie Mae, Freddie Mac and the broader U.S. housing-finance system.

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 16. Apr, 2010 by Sherry Chris.

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There was a lot of finger pointing in Washington this week. The Federal Government is urging banks to forgive principals in order to help homeowners avert foreclosures. And banks, in turn, are hesitant to become more lenient, instead pressing the government to reduce interest rates. In another back-and-forth, former Fannie Mae executives said that competitive [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 09. Apr, 2010 by Sherry Chris.

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The warmer temperatures have brought, along with seasonal allergies, a sense of hope and perhaps a flurry of optimism to the housing market. Last month, as home buyers felt a sense of urgency to take advantage of the tax credit and an influx of foreclosed homes lured them to the market, pending home sales shot [...]

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