Category: News and Trends

Fannie Mae and Freddie Mac yesterday submitted their Duty to Serve Underserved Markets Plan to the Federal Housing Finance Agency for public comment.

ATTOM Data Solutions, Irvine, Calif., said seriously underwater U.S. properties rose slightly in the first quarter, reflecting parts of the country where negative equity remains “stubbornly high.”

Several major retailers have announced large store closures in recent months. But there is little evidence that the closings had a direct effect on retail rents, reported Reis, New York.

NEW YORK–Senior officials from Fannie Mae and Freddie Mac offered a cautiously optimistic forecast for the secondary mortgage market in the near future, despite projected declines in volume.

NEW YORK–Senior officials from Fannie Mae and Freddie Mac offered a cautiously optimistic forecast for the secondary mortgage market in the near future, despite projected declines in volume.

Homeowners seeking to tackle home improvement projects appear undeterred by political and economic uncertainties and are spending nearly 60 percent more than a year ago on home improvement, reported HomeAdvisor.

NEW YORK–After years of sitting in limbo, can substantive, comprehensive reform of Fannie Mae and Freddie Mac finally be possible?

Black Knight Financial Services, Jacksonville, Fla., said more than 1.5 million home equity lines of credit will see interest-only draw periods end in 2017, representing the final wave of pre-crisis home equity lines.

Fitch Ratings, New York, said prime jumbo residential mortgage-backed securities activity showed strong signs of improvement in the first quarter, more than doubling volume from a year ago.

S&P Dow Jones Indices and Experian, New York, said despite composite credit default rates holding steady in March, the first mortgage default rate reached its highest rate in a year and bank card defaults rose for the fifth straight month.