Mortgage Financing Archive

Freddie Mac: No on Deficiency Judgments

The secondary mortage market company Freddie Mac has updated its bulletin to servicers of Freddie Mac mortgage loans to make clear that they aren’t to pursue a deficiency judgment against a borrower after a short sale or deed-in-lieu of...
February 17, 2012

Multifamily Housing Demand to Outpace Production

By Erica Christoffer, Multimedia Web Producer, REALTOR® Magazine Developers of multifamily homes should be relishing in the fact that demand is incredibly strong. But in reality, developers are struggling to build new apartments because financing is so hard to...
February 16, 2012

Small-Home Trend Reverses as More High-End Buyers Enter the Market

By Erica Christoffer, Multimedia Web Producer, REALTOR® Magazine Single-family home starts were at a 40-year-low in 2011, with just 429,000 homes built. That’s also a 75 percent decrease from a peak of 1.7 million starts in 2005. But today’s...
February 10, 2012

Fannie Mae Rolls Out Online-only REO Offers

If you’re working with a buyer who’s interested in submitting an offer for a Fannie Mae REO, you’ll have to do it online. The secondary mortgage market company last week launched an all-online system for submitting offers on its...
February 7, 2012

Bernanke to Congress: Weak Housing Not Just Market Phenomenon

Federal Reserve Board Chairman Ben Bernanke told the U.S. House Budget Committee last week that tight mortgage conditions are preventing a stronger economic revovery because their adverse effect on home buyers is keeping inventory levels high, damping appreciation, and...
February 3, 2012

Obama Refi Plan Would Help Non-GSE-Backed Borrowers

President Barack Obama today fleshed out a proposal he announced in his State of the Union speech last week to help boost the housing market by helping more underwater home owners than are being served now by lenders. In...
February 1, 2012

Independent Analysis: 60% of ‘Good’ Loans Wouldn’t Qualify Under QRM

The Center for Responsible Lending (CRL) and a research institute of the University of North Carolina just released the results of an exacting study on how borrowers would fare under different QRM scenarios and they don’t look good. Let’s...
January 31, 2012

GOP Debate Sidesteps Fannie, Freddie Reform

By Brian Summerfield, Online Editor, REALTOR® Magazine A subject we’ve talked about a great deal here on the Speaking of Real Estate blog got some play during the Republican presidential debate last night in Jacksonville. (Transcripts are available here.)...
January 27, 2012

REO Sales: Success Requires Ramp Up

REO sales are a big part of today’s market and it might make a lot of sense for you to consider getting into this niche. But after talking to two REO specialists in Northern Virgina, it’s clear that this...
January 24, 2012

Sec. 504 Refi Program Could Be Lifeline

By Robert Freedman, Senior Editor, REALTOR® Magazine In the flood of information we try to process on a daily basis, it’s easy to miss something that can be genuinely useful. If you work with commercial property owners, you might...