DSNews Author: Brian Honea December 16, 2014 Freddie Mac predicted that 2015 will see the highest level of home sales in the U.S. since 2007 in its December 2014 U.S. Economic and Housing Market Outlook released on Tuesday. In the report, Freddie Mac looked back at five key consensus predictions for 2014, […]
Housing Market Will Gain Momentum In Next Year
Report: Housing Market Will Gain Momentum In Next Year DSNews Author: Brian Honea December 12, 2014 The housing market will continue its gradual recovery and gain momentum in 2015 after a disappointing 2014, according to the Wells Fargo Economics Group 2015 Economic Outlook entitled“A Whole New Ballgame,” released earlier this week. Wells Fargo cited […]
Foreclosure Prevention Counseling Program Has Helped 1.8 Million Homeowners
DSNews Author: Brian Honea December 12, 2014 Washington, D.C.-based NeighborWorks America, one of the nation’s largest community development corporations, announced that more than 1.8 million homeowners have received foreclosure prevention counseling through the association’s National Foreclosure Mitigation Counseling Program (NFMC) as of July 31, 2014. Distressed homeowners have utilized local nonprofits, national intermediaries, and […]
Foreclosure Protection Bill for Service members Passes in Both House, Senate
Author: Brian Honea December 15, 2014 The U.S. Senate and the House of Representativeshave both unanimously voted to pass a bill that give military servicemembers who have recently returned from duty added protection from foreclosure, according to an announcement from Senator Sheldon Whitehouse (D-Rhode Island), who introduced the bill in May. S.2404, also known as […]
GSEs Officially Lower Down Payment to 3 Percent for Qualifying First-Time Homebuyers
DSNews Author: Brian Honea December 8, 2014 Following months of talk and speculation, bothFannie Mae and Freddie Mac announced on Monday they will begin allowing qualifying first-time borrowers to purchase homes with just a 3 percent down payment. By lowering the down payment down to 3 percent, leaders from the GSEs and the Federal […]
Fannie Mae, Freddie Mac Announce Moratorium On Evictions for Foreclosed Properties
Author: Brian Honea December 9, 2014 Fannie Mae and Freddie Mac announced on Tuesday a moratorium on evictions for single-family foreclosed homes for the holiday season. The GSEs said evictions will not be enforced from December 17, 2014, until January 2, 2015, for single-family homes that have been foreclosed on, meaning that families living in […]
Mortgage Delinquency Rate Predicted to Fall by End of 2015
DSNews Author: Brian Honea December 10, 2014 Mortgage Delinquency Rate Predicted to Fall to Pre-Recession Level by End of 2015 The nation’s mortgage loan delinquency rate is expected to fall down to 2.51 percent by the end of 2015, its lowest level since prior to the housing bust, according to data released […]
Friday Funny – Man refuses to buy house unless he gets seller’s cat
by MPA | Oct 31, 2014 An Australian couple found themselves in an awkward and tough predicament when a man bidding on their home refused to close on the deal unless he could also have their cat. According to Gawker, the potential home buyer’s child “fell in love” with Tiffany the cat while doing a walkthrough […]
Republicans Expected to Use New Majority Power to Push for CFPB Overhaul
DCNews By: Brian Honea November 7, 2014 The U.S. Midterm Elections have been over for less than a week, and already Democrats are circling the wagons to protect what will certainly be a top priority on the Republicans’ list of changes to make – the Consumer Financial Protection Bureau (CFPB). Republicans have hinted, some […]
Report: Housing Market Not Completely Back, But Getting Closer
DCNews BY: Scott Morgan, November 7, 2014 The National Association of Home Builders (NAHB) released its Q3 Leading Markets Index (LMI) report Thursday, and the verdict is: National housing recovery is getting there, slowly but surely. For months, NAHB has been reporting that recovery in the national and in most metro markets is inching its way back to normal levels. The latest report […]
