Credit scores have become an increasingly important rating factor when it comes to how much a consumer pays for homeowner's insurance. According to a new insuranceQuotes.com study, homeowners with low credit scores pay twice as much for homeowner's insurance compared to those with excellent credit.
Read More »Presidential Candidates Urged to Reform Fannie Mae & Freddie Mac
Edward Demarco challenges the issue of taxpayers guaranteeing repayment for three out of every four mortgages by suggesting that Fannie Mae and Freddie Mac be reformed and removed from taxpayers pockets.
Read More »Fannie Mae and Freddie Mac Surpass FHFA Credit Risk Transfer Goals
Fannie Mae and Freddie Mac have surpassed the credit risk transfer goals set by their conservator in just three years. According to the FHFA's Overview of Fannie Mae and Freddie Mac Credit Risk Transfer Transactions for August 2015 released Friday, the GSEs transferred significant credit risk on loans totaling more than 667 billion dollars in unpaid principal balance.
Read More »Millennial Renters Desire Homeownership Pending Income Improvements
Many housing experts feel that millennials are not as interested in homeownership than previous generations and prefer the freedom of renting instead, according to Fannie Mae commentary by Sarah , strategic planning analyst for Fannie Mae's Economic and Strategic Research Group.
Read More »Cash Sales Share Lowest Since July 2008
According to CoreLogic's August 2015 Market Pulse report, the share of total residential home sales in May 2015 that was made up of all cash sales was 31.9 percent, down from 35.1 percent in May 2014.
Read More »Rising from the Ranks
A growing number of women are making successful careers in the traditionally male-dominated mortgage industry, but the boardroom remains populated primarily by men. This article examines the strides that women have been making in traditionally male-dominated mortgage and financial sectors. Editor's note: This select print feature appears in the August 2015 edition of MReport magazine, available now.
Read More »FDIC Sues Bank of NY Mellon Over $2.06 Billion in Failed RMBS
The Federal Deposit Insurance Corp. has sued Bank of New York Mellon, claiming that the bank breached its duties as bond trustee for $2.06 billion worth of residential mortgage-backed securities purchased by an FDIC-insured bank in Texas which later failed.
Read More »Mortgage Rates Slightly Lower Amid Little Movement in Financial Markets
Fixed mortgage rates changed very little this week compared to last week, with little activity occurring in financial markets, according to Freddie Mac's Primary Mortgage Market Survey.
Read More »Baby Boomer Homeowners Are Remaining in Single-Family Homes, Report Finds
Many people believe that the Baby Boomer generation have started downsizing from their single-family homes to live in apartments. A recent housing insights report from Fannie Mae's Economic & Strategic Research Group challenges this idea, finding that Baby Boomers are not fleeing to apartments but remaining in their homes.
Read More »Existing-Home Sales Soar to Highest Level in Eight Years
Existing-home sales rose higher in July, while low inventory levels and rising prices are the largest factors lowering sales to first-time buyers to their lowest share since January, according to a report from the National Association of Realtors released Thursday.
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