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Recent Posts
- Bay Area adjustable-rate mortgages return as interest rates rise
- San Francisco’s Housing Market Is Cooling Faster Than Rest of the Region
- Housing Deconstructed Newsletter: Bay Area Housing Market Cooling Down, Burned Out House Listed for $765k, and SJ Offers RV Owners $500
- SF can follow Calgary and turn empty downtown offices into housing
- Bay Area ‘Western White House’ sells far below asking price
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Homes Millbrae Pages
Tag Archives: Fannie Mae
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
Posted in Real Estate News
Tagged 1 Billion, Balance Sheet, Bottom Line, Cnbc, Dividend Payment, Fannie Mae, First Quarter, Foreclosures, Guaranty, homes millbrae, Housing Market, Improvements, Improving Home, Loan Loss Reserves, Mortgage Delinquencies, National Housing, Net Income, Second Quarter, Single Family, Straight Quarter, U S Treasury
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In a Twist, Both Home Prices and Rents Rise
Home prices across the nation continued their upswing in June, according to a new report from CoreLogic. Including sales of foreclosures and short sales (selling for less than the value of the mortgage), prices rose 2.5 percent from a year … Continue reading
Posted in Real Estate News
Tagged 12 Months, Consumer Confidence, Corelogic, Declines, Digi, Fannie Mae, Foreclosures, Good Time, Halfway Point, homes millbrae, Housing Market, Inception, Mortgage Prices, Optimism, Rental Markets, Rents, Survey Respondents, Trulia, Uncertainty, Unemployment, Upswing
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Obama Gets Big ‘No’ On Slashing Mortgage Debt
Despite strong pressure from the Obama administration, a federal regulator will not allow Fannie Mae and Freddie Mac to reduce mortgage principal. The Federal Housing Finance Agency’s Ed DeMarco has previously opposed the program, which uses taxpayer money to pay … Continue reading
Posted in Real Estate News
Tagged Contract Risks, Debt Forgiveness, Fannie Mae, Fannie Mae And Freddie Mac, Federal Regulator, Freddie Mac, homes millbrae, Housing Finance Agency, Loan Balances, Loan Modification, Meaningful Improvement, Michael Stegman, Mortgage Contract, Mortgage Credit, Mortgage Principal, Operational Challenges, Principal Reduction, Term Consequences, Timothy Geithner, Treasury Secretary, Valid Contract
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