Seven years into Fannie Mae and Freddie Mac being placed into conservatorship, and there is still a lack of consensus on how to reform the GSEs. Don’t expect anything to change going forward no matter how much it’s needed.
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Over the last several days, torrential downpours have battered some residents in South Carolina with more than two feet of rain, resulting in as many as 14 deaths and damage currently estimated to be more than $1 billion. Now, Fannie Mae and Freddie Mac are offering relief to the thousands of homeowners affected by the devastating floods.
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Before she was ever married to actor Brad Pitt, actress Angelina Jolie lived in a four-bedroom midcentury modern home in the rural enclave of Snedens Landing in Rockland County, New York with her family growing up. That house could now be yours for a mere $2M.
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Technically you can’t gatecrash an open-invite event, but you get the point, and any real estate agent is bound to get some lookie-loos. So let’s settle what’s right and what’s wrong here.
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The California Investment Coalition submitted a Freedom of Information Act request to HUD, asking for data about Financial Freedom’s record with the number of complaints filed against it, and the number of foreclosures it had processed on widowed homeowners. Shockingly, HUD denied the fee waiver request, leaving significant reverse mortgage questions unanswered.
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Price growth is on pace now, but forecasts generally project higher mortgage rates and more single-family housing starts for 2016. What will these changes to both demand and supply mean for 2016?
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Mortgage credit availability increased in September according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association, driven by some loosening in conventional loans and a boost from additional Fannie Mae affordable lending offerings. Here’s what happened.
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