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 institutions…
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…
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,…
Americans have almost $16 trillion in mortgage debt outstanding, according to the Federal Reserve. A bill proposed as part of the economic rescue package would delay payments on most of that debt.
The coronavirus outbreak is having a negative impact on the housing market itself and on Fannie Mae. However, ending its conservatorship may be a bigger problem.
Democratic members of the Senate Banking, Housing and Urban Affairs Committee have sought answers about what plans the Trump administration has for lifting conservatorship of Fannie Mae.
U.S. home prices were 3.8% higher in December than they were in December 2018. The lull in home price increases appears to be behind us. The good news is the mortgage loan rates remain…
The White House has announced a plan to overhaul Fannie Mae that includes a return to private control after recapitalization via an initial public offering.
Detroit has thousands of vacant homes to tear down and empty lots to clear, so the city continues to offer hundreds of homes at auction for $1,000.
A $3.25 million home in Detroit is an oddity. However, the city has one, mostly for the first time in a long time.
U.S. home prices rose by 4.0% year over year in December, according to the latest data from CoreLogic. Average full-year price appreciation was 3.6%, and prices are forecast to rise by 5.2% in 2020…
Homebuilder D.R. Horton on Monday reported better-than-expected profits and revenues for its fiscal first quarter and boosted its guidance.
In December, home prices surged nearly 7% year over year, according to Redfin. In some cities, the price appreciation was much larger.
