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Dennis Norman Today the Federal Housing Finance Agency announce proposed guidance that would prohibit Fannie Mae, Freddie Mac and the Federal Home Loan Banks from investing in mortgages with private transfer fee covenants. Considering that covers the lenders that originate, invest in or, or insure over 90 percent of the homes in the U.S. that Continue reading… Private Transfer Fee Covenants Draw Fire From FHFA Dennis Norman UPDATE June 21, 2010- I said I would update this post after the proposed rules were published on the Federal Register with info on how to submit a comment -If you would like to comment, see the comment instructions in the Federal Register (I highlighted them) by clicking here -end of update. June 4, Continue reading… Is The Government Going to Push Us Into Another Housing Bust? Dennis Norman In contrast to my post yesterday about the NAR existing home sales report showing median home prices increased in March and April, today the S&P/Case-Shiller Index report for the first quarter of 2010 was released showing that the U.S. National Home Price Index fell 3.2 percent in the first quarter of 2010, but Continue reading… Home Prices Lose Momentum and Fall in First Quarter 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 Continue reading… Update on Fed’s Foreclosure Prevention and Loan Modification Programs 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 Continue reading… U.S. Monthly House Price Index Estimates 0.3 percent decline in August; Price index about the same as February 2005 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 Continue reading… NAR’s President Charles McMillan’s meeting with NY AG re HVCC produces results |
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