Tag Archives: Bloomberg

Americans Shut Out of Housing as FHA Fees Jump: Mortgages – Bloomberg

May 7, 2014

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Bloomberg
Americans Shut Out of Housing as FHA Fees Jump: Mortgages
Bloomberg
“This is it,” Kaufman said as she scanned the three-bedroom home after a construction crew had just finished erecting the interior walls. Kaufman, a dental hygienist, said she planned to purchase her first home with a mortgage backed by the Federal

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Fannie Mae Wind-Down Deemed Threat to Home Recovery: Mortgages – Bloomberg

March 17, 2014

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ValueWalkFannie Mae Wind-Down Deemed Threat to Home Recovery: MortgagesBloombergA U.S. Senate plan to dismantle Fannie Mae and Freddie Mac (FMCC) may deliver an unintended blow to a fragile housing recovery. A draft of the measure, which Senate Banking…

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Westhus Reaping Fannie Windfall to Rival Big Short: Mortgages – Bloomberg

March 10, 2014

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ValueWalkWesthus Reaping Fannie Windfall to Rival Big Short: MortgagesBloombergPaulson took home $15 billion, anticipating the collapse of subprime debt that contributed to the financial crisis. Now, Westhus is trying to transform the $9.4 trillion U.S…

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Wall Street Landlords Buy Bad Loans for Cheaper Homes – Bloomberg

February 21, 2014

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BloombergWall Street Landlords Buy Bad Loans for Cheaper HomesBloombergWall Street-backed landlords are showing a greater appetite for bad mortgages as a source for cheap property as the supply of foreclosed homes declines while housing prices continue…

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Homebuyers Get Break as Loan Rates Defy Fed Tapering – Bloomberg

February 12, 2014

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ValueWalk
Homebuyers Get Break as Loan Rates Defy Fed Tapering
Bloomberg
Ashley Underwood is taking advantage of the unexpected drop in mortgage rates by rushing to buy her first home before they go up again. “I’m ready to cancel plans at a moment’s notice to go look at a house,” said Underwood, 27, who lives in
Fannie Mae Official: Homeowners Who Don’t Refinance ‘Leaving Money on the Moneynews
Millions of Americans are “leaving money on the table”: The case for refinancing Yahoo Finance (blog)

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Fannie Mae Home-Loan Limits to Remain Unchanged in Early 2014 – Bloomberg

November 26, 2013

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BankCreditNews
Fannie Mae HomeLoan Limits to Remain Unchanged in Early 2014
Bloomberg
Lowering loan limits could make borrowing more costly for some home buyers. Mortgages eligible for purchase by Fannie Mae and Freddie Mac, known as conforming loans, are generally less expensive than larger loans known as jumbos because the 
Mortgages, down payments Greenwich Post
Fannie and Freddie’s Mortgage Size Limits Won’t Drop in 2014 DailyFinance

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Construction Spending Decreases on US Government Slump – Bloomberg

May 1, 2013

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89.3 KPCC
Construction Spending Decreases on US Government Slump
Bloomberg
it’s safe to say that a sustained recovery in demand for housing is indeed underway,” Richard Dugas Jr., PulteGroup’s chief executive officer, said on an April 25 earnings call. Newhome construction climbed to its highest level in almost five
US construction spending down 1.7 percent in March 89.3 KPCC
US construction spending down 1.7 pct. Albuquerque Journal (subscription)
Construction Activity Dips on Lower Government Spending Benzinga
Market Realist (blog)
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Americans Seize Second Chance Mortgages Post-Foreclosure – Bloomberg

April 3, 2013

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BloombergAmericans Seize Second Chance Mortgages Post-ForeclosureBloombergAbout 7 million mortgage holders have had to leave their homes since 2007 because of foreclosure or a short sale, in which a property is sold for less than is owed, according to …

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Energy Efficient Homes Reduce Risk of Mortgage Default – Bloomberg

April 2, 2013

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BloombergEnergy Efficient Homes Reduce Risk of Mortgage DefaultBloombergBloomberg BNA — An energy efficient home can make the difference between foreclosure and maintaining mortgage payments, according to a new report. The March 19 anaysis, Home Energ…

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U.S. Mortgage Rates Rise With 30-Year Highest in 4 Months – Bloomberg

January 31, 2013

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U.S. Mortgage Rates Rise With 30-Year Highest in 4 Months Bloomberg The average rate for a 30-year fixed mortgage was 3.53 percent in the week ended today, up from 3.42 percent and the highest since September, McLean, Virginia-based Freddie Mac (FMCC) said in a statement. The average 15-year rate rose to 2.81 percent … More […]

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