DS News

DS News

Housing Forecast Calls for Increase in Existing-Home Sales

By Brian Honea Yesterday, the National Association of Realtors (NAR) reported that existing-home sales were at 5.04 million units, a 3.3 percent decrease from March, though up 6.1 percent from a year ago. Both, Auction.com and Consensus estimates were off for April because they predicted a stronger performance based on data released in March. The post Housing Forecast Calls for …

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Senate Banking Committee Approves Financial Regulatory Relief Bill

By Brian Honea One provision of the bill prohibits increases in guarantee fees charged by Fannie Mae and Freddie Mac to offset losses or reductions in revenue, or for any other purpose besides business functions for the GSEs or housing finance reform. The bill also prohibits the sale of Treasury-owned senior preferred shares in the GSEs without approval from Congress. …

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Mortgage Delinquencies Experience Seasonal Rise in April

By Brian Honea Meanwhile, foreclosure inventory – the total number of mortgage loans in some state of foreclosure – continued its decline toward pre-crisis levels in April by falling 25.5 percent year-over-year down to 1.51 percent, about 764,000 properties. It is the lowest level for foreclosure inventory since January 2008 right at the beginning of the recessi The post Mortgage …

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Mortgage Delinquencies Experience Seasonal Rise in April

By Brian Honea Meanwhile, foreclosure inventory – the total number of mortgage loans in some state of foreclosure – continued its decline toward pre-crisis levels in April by falling 25.5 percent year-over-year down to 1.51 percent, about 764,000 properties. It is the lowest level for foreclosure inventory since January 2008 right at the beginning of the recessi The post Mortgage …

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FSOC Recommends GSEs Continue Spreading Mortgage Credit Risk Across Private Market

By Brian Honea In its annual report released earlier this week, the Financial Stability Oversight Council (FSOC) recommended that the Federal Housing Finance Agency (FHFA) continue to encourage Fannie Mae and Freddie Mac to spread mortgage credit risk across the private market. The post FSOC Recommends GSEs Continue Spreading Mortgage Credit Risk Across Private Market appeared first on DSNews. Via:: …

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DS News Webcast: Friday 5/22/2015

By Jordan Funderburk Consumers’ conservative financial behavior suggests modest economic growth for the remainder of the year, though the housing industry appears to be gaining momentum, according to Fannie Mae’s Economic and Strategic Research Group’s May 2015 Economic Outlook released Thursday. Following a weak economic first quarter, continued negative economic fundamentals including a strong U.S. dollar and the lingering effects …

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FSOC Recommends GSEs Continue Spreading Mortgage Credit Risk to Private Market

By Brian Honea In its annual report released earlier this week, the Financial Stability Oversight Council (FSOC) recommended that the Federal Housing Finance Agency (FHFA) continue to encourage Fannie Mae and Freddie Mac to spread mortgage credit risk to the private market. The post FSOC Recommends GSEs Continue Spreading Mortgage Credit Risk to Private Market appeared first on DSNews. Via:: …

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