Existing home sales plunged in May, according to the National Association of Realtors. But does this represent a bottom in the market?
New home sales surged in May to an annualized rate of 676,000. The month-over-month growth was largely due to a substantial downward revision in the estimates for April.
Demand for housing has increased to levels higher than were present before the COVID-19 pandemic hit the United States.
Redfin announced on Monday that almost half of all offers on home purchases faced competition in May as optimism about the state of the economy began to rise.
Government backing of Fannie Mae and Freddie Mac looks crucial as the pandemic impacts mortgage delinquencies.
Fannie Mae is about to begin a bidding process to select a financial advisor to assist in developing and implementing a plan for recapitalizing and responsibly ending its conservatorship.
The U.S. Department of Commerce reported that U.S. housing starts in April came at the slowest pace for new construction since February of 2015.
Credit Suisse has reinstated Front Yard Residential with an Outperform rating and a new $11 price target. Shares of this real estate investment trust rallied Monday morning.
The economic hit from the coronavirus pandemic is showing up in mortgage delinquencies and that’s bad for Fannie Mae.
Fannie Mae and Freddie Mac have been approved to purchase some single-family home loans in forbearance. This may help maintain liquidity in the nation's mortgage market.
Mortgage lenders and banks may offer forbearance on mortgage payments for 90 days. The deals aren’t very good for many people who will be out of jobs for long periods. Most of these...
What was missing in the Coronavirus Aid, Relief and Economic Security (CARES) Act was some protection for lenders and guarantors like Fannie Mae and Freddie Mac against massive demands for cash.
Fannie Mae and Freddie Mac may require another bailout if the U.S. economy remains essentially locked down and Americans take advantage of the mortgage holiday.
Home prices rose by 3.9% year over year in January. The onset of COVID-19 will begin to be felt in home prices in February according to S&P CoreLogic, which compiles the Case-Shiller home price index.
On a day where the U.S. weekly jobless claims hit an exponential record high of almost 3.3 million, and when the ugly recession level economic news has not even really been seen at all, does it make...