Tag Archives: Second Quarter

More Homes Are Above Water, But Some Sellers Still Suffer

As home sale prices rise, overall home equity rises, and consequently more and more mortgages are no longer “under water.”  1.3 million homes that were previously worth less than the mortgages on them came back into positive territory in the … Continue reading

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Big Banks Pushed to Outsource Mortgages

In the wake of the financial crisis and still in the midst of the foreclosure mess, the Consumer Financial Protection Bureau announced new rules for mortgage servicers designed to protect borrowers and get them faster, more effective and informative service.  … Continue reading

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Fannie Mae’s New CEO: ‘Comfortable’ With Decision Not to Slash Mortgage Balances

Fannie Mae is no longer bleeding cash, at least for now. After devastating losses since 2008, the mortgage giant reported its second straight quarter of positive net income, even after making a $2.9 billion dividend payment to the U.S. Treasury. … Continue reading

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Renter Nation Rages On

The supply of empty homes for rent is falling, and the nation’s homeownership rate is hovering near a fifteen year low. How can that be when the housing market is finally turning around and more homes are selling? The answer … Continue reading

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Home Price Bottom or Bubble?

Home prices rose, just barely, in the second quarter of this year annually for the first time since 2007, according to online real estate firm Zillow. That prompted the popular site to call a “bottom” to home prices nationally. The … Continue reading

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