In a statement launched Monday, the Federal Housing Finance Agency (FHFA) revealed Fannie Mae and Freddie Mac have gotten to the milestone of three million refinances under the Home Affordable Refinance Program (HARP). HARP allows a borrower with little or no equity to refinance into a loan ... » Learn More about FHFA Reveal HARP Milestone
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Freddie Mac Announces Third Risk-Sharing Deal
Freddie Mac announced the rates of its first Structured Agency Credit Risk (STACR) deal of the year: a $1 billion offering of debt notes whose buyers will share in the risk. According to the company, the offering "represents one of the biggest subordinate mortgage credit securitizations ... » Learn More about Freddie Mac Announces Third Risk-Sharing Deal
Has the Technology Rush Affected Home Prices?
A new study by Trulia chief economist Jed Kolko notes some interesting numbers for the housing market of the top ten "tech hubs" around the United States. Applying Census Data, Kolko created a "tech score" for each of the biggest 100 metro areas, equating "the share of local employment in the ... » Learn More about Has the Technology Rush Affected Home Prices?
More Buyers Show the Money at Closing
Twenty-nine percent of U.S. housing sales were from all-cash acquisitions in 2013-- with the percentage trending significantly higher in the second half of the year, according to RealtyTrac's December and Year-End 2013 U.S. Residential and Foreclosure Sales Report. About 32 percent of REALTORS ... » Learn More about More Buyers Show the Money at Closing
HELOC Payments Set To Increase For Many Borrowers
A swath of borrowers are set to experience a payment surprise in 2014 as payments attributed to a crop of home equity lines of credit (HELOCs) made through the housing boom will begin to rise suddenly, The New York Times reports. For several years, borrowers making monthly payments on about $30 ... » Learn More about HELOC Payments Set To Increase For Many Borrowers