Posts Tagged ‘fannie mae’

Default Rates for Bank Cards at Highest in Almost 4 Years According to Latest S & P/Dow Jones Indices

February 21st, 2017

Today’s News Synopsis: The latest S & P and Dow Jones Indices showed default rates for bank cards were at their highest in almost 4 years in January, up three basis points from 0.92%.  Several holders of hedge funds were unsuccessful in their attempt to have a ruling overturned that

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$12.3 Billion Was the Reported Annual Net Income for 2016 for Fannie Mae

February 17th, 2017

Sources: America’s Suburban Hotspots 17.3 Million U.S. Homes with Combined Value of $4.9 Trillion in Zip Codes with High Environmental Hazard Risk The Bay Area Tops List of Best Markets for Sellers; Baltimore and Miami Are the Best for Buyers When It Comes to Moving, Millennials Are Stuck in the Mud Delinquencies Increase in Fourth

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Housing Affordability at Lowest in 8 Years, Yet Still Remains Positive

February 16th, 2017

Today’s News Synopsis: The latest study from ATTOM Data Solutions showed that of the homes valued at a total of $4.9 trillion, 17.3 million of them are in zip codes where environmental hazards are a high risk.  The latest HUD and Census Bureau reports showed housing starts decreased 2.6% to

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MBA Reported Increase in Delinquencies on Mortgages in Fourth Quarter

February 15th, 2017

Today’s News Synopsis: The Mortgage Bankers Association reported a 3.7% decrease in mortgage applications from last week.  They also reported an increase in delinquencies in the fourth quarter, putting them now at 4.8%.  NAHB reported builder confidence decreased slightly to 65 but continues to remain stable. In The News: Mortgage Bankers Association –

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More Millennials Today Prefer to Stay in One Spot

February 14th, 2017

Today’s News Synopsis: Janet Yellen of the Federal Reserve said the economy stays as it is, we may see more rate hikes in the future.  Fannie Mae sold more of its nonperforming loans off today, including those from their sixth Community Impact Pool.  The latest census data from Pew Research

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Fannie Mae Plans to Release Financial Results For 2016 and Fourth Quarter on Friday

February 8th, 2017

Today’s News Synopsis: The Mortgage Bankers Association reported a 2.3% increase in mortgage applications from last week.  HomeUnion released a list of the top cities where landlords could expect to see the best returns on rentals.  Fannie Mae plans to release the financial results for 2016 and for the fourth

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CoreLogic Reports 7.2% Increase in Home Prices, Although Affordability is at a 7-Year Low

February 7th, 2017

Today’s News Synopsis: The Mortgage Bankers Association reported an increase in the amount of mortgage credit available for the month of January.  CoreLogic reported a 7.2% increase in home prices for the month of December.  However, houses are at their lowest affordability due to this factor plus higher mortgage rates

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Number of Single Women Home Buyers Twice as Many as Single Men

January 31st, 2017

Today’s News Synopsis: The latest S&P Case-Shiller Index showed a 5.6% increase in home prices last November.  The number of single women who buy homes is twice as many as single men.  The latest outlook on demand for multifamily properties was released by Freddie Mac, and they foresee a potential

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New Home Sales of Single-Family Homes Increase to Highest in 10 Years

January 27th, 2017

Sources: Equity Gains Fuel Rise in Housing Market Value Why the supply of homes for sale is the lowest since 1999 Cash and Distressed Sales Update: October 2016 Redfin Report: Luxury Home Prices Inched Up 0.7 Percent in Fourth Quarter as the Rest of the Market Showed Substantial Gains Mortgage Rates Rise for First Time

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Labor Department Reports Increase in Jobless Claims by 22,000

January 26th, 2017

Today’s News Synopsis: Freddie Mac reported an increase in interest rates for the first time this year, 30-year rates now being at 4.19% and 15-year rates at 3.40%.  Mansion Global conducted a survey with real estate tax attorneys to determine which countries have the highest and lowest residential taxes.  The

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