FHA Financing Now Available For REO Properties
Sunday, January 17
FHA Press release In an effort to stabilize home values, HUD Secretary Donovan announced a temporary policy that will expand access to FHA mortgage insurance and allow for the quick resale of foreclosed properties.HUD will allow FHA financing for buyers of REO property. This is a te...
Banks 2010: The Regulatory Angle
Saturday, January 16
The lending industry is crucial to a strong housing recovery. Regardless of demand and price, any housing recovery will have to depend on lenders providing credit to buyers.Where Are The lendersThe banking industry has cut back lending for the past 15 months. They have reduced access to more th...
Banks in 2010: Ready To Lend?
Saturday, January 16
The Commercial Real Estate Angle The Atlanta Fed notes that a recovery is under way, and shifting from government support to private sector activity.Housing Now1.End of 2009: home sales increased in every district but San Francisco, where activity was steady and Kansas City, which decl...
Freddie Mac Weekly Update
Thursday, January 14
30-year fixed-rate mortgage: Averaged 5.06 percent with an average 0.7 point for the week ending January 14, 2010, down from last week when it averaged 5.09 percent. Last y...
Freddie Mac Weekly Update
Thursday, January 07
30-year fixed-rate mortgage: Averaged 5.09 percent with an average 0.7 point for the week ending January 7, 2009, down from last week when it averaged 5.14 percent. Last year a...