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Update on Fed's Foreclosure Prevention and Loan Modification Programs

Dennis Norman

Today the Federal Housing Finance Agency released it’s “Foreclosure Prevention & Refinance Report for the Third Quarter 2009“. This report gives data on Fannie Mae and Freddie Mac, the two-quasi-government agencies that either own or insure most of the home loans in the U.S., including how foreclosure prevention and loan modification programs under the [...]

U.S. Monthly House Price Index Estimates 0.3 percent decline in August; Price index about the same as February 2005

Dennis Norman

By: Dennis Norman

Today the Federal Housing Finance Agency (FHFA) reported that U.S. home prices decreased 0.3 percent on a seasonally-adjusted basis from July to August and are down 3.6 percent for the past year. The U.S. home price index is now 10.7 percent below is April, 2007 peak.

The FHFA home price index is [...]

NAR’s President Charles McMillan’s meeting with NY AG re HVCC produces results

Charles McMillan 2009 President, NAR

By: Dennis Norman

National Association of REALTORS(R) 2009 President, Charles McMillansent an email to members stating “as a direct result of my recent meetings with the New York Attorney General’s office, the Federal Housing Finance Agency, Fannie Mae and Freddie Mac this week issued new guidance to all lenders on the [...]