SAN FRANCISCO — Wells Fargo says it has made a $591 million deal with Fannie Mae to settle obligations related to loans that went bad after the housing bubble burst. The deal announced Monday covers loans made through 2008. Wells ...Read More »
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The interest rate for a large jumbo mortgage is now less than the rate for a smaller conventional loan. The increase in rate for conventional loans, combined with banks seeking jumbo mortgages for their portfolios, has created a situation in ...
Tagged with: Bill Banfield conventional loan Fannie Mae Federal Housing Administration Federal Housing Finance Agency Freddie Mac interest rate Jim Woodard jumbo mortgage Mutual Mortgage Insurance Fund NAtional Mortgage NEws Quicken Loans real estate websiteRead More »
A new study has revealed that seniors who own their homes are much more likely to enjoy good health and a generally good life during their senior years than those who rent their residences. The study was sponsored by the ...
Tagged with: A Profile of Housing and Health Among Older Americans Dodd-Frank Act Fannie Mae FDIC Freddie Mac Jim Woodard MIchael Eriksen MIke Fratantoni Mortgage Bankers Association's Research Institute for Housing AmericaRead More »
CHARLOTTE – The year ahead will be “good, not great” for the housing market, with an anticipated 5 percent growth in housing sales from 2013, according to forecast Freddie Mac’s Chief Economist Frank Nofthat delivered to an audience of real ...
Tagged with: American Security Mortgage Charlotte Regional Realtor Association Dodd-Frank Wall Street Reform and Consumer Protection Act Eric Locher Fannie Mae Frank Nofthat Freddie Mac Phil Mahoney UNC Charlotte Housing Market OutlookRead More »
Some relief appears to be on the way for agents and sellers of short-sale properties. Last month, the federal government announced new guidelines affecting short sales of homes that are backed by Fannie Mae and Freddie Mac.Read More »
U.S. mortgage giant Fannie Mae made money in the first three months of the year and is not seeking additional federal aid. It’s the first time the company has reported a net income gain since it was taken over by the government ...Read More »
On Wednesday, Mark Vitner, managing director and senior economist for Wells Fargo, was the featured speaker for a “State of the Charlotte Commercial Real Estate Market and Outlook” forum. But most of his presentation ended up being focused on the ...Read More »
WASHINGTON — Ben Bernanke presided over his first meeting as Federal Reserve chairman in March 2006 believing the nation’s economy could pull off a “soft landing” from falling home prices. Three months later, Bernanke had begun to grasp that he ...Read More »