Fannie Mae sees 2012 home sales up 3.5% to 4.74 million

Mortgage rates are expected to remain around their current lows through this year to average 3.8 percent for a 30-year fixed-rate mortgage. home prices are showing signs of finding a floor thanks to fewer distressed sales, though Fannie Mae doesn’t expect them to reach a bottom until 2013.

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 · Approximately 4 million Fannie and Freddie borrowers owe more on their mortgage than their homes are worth. Across the US, nearly 11 million are underwater, or about 22.5% of all outstanding loans, according to CoreLogic, a data provider to mortgage underwriters.

 · Typically, this means that instead of making a down payment of 3.5 percent, borrowers will be required to make a down payment of at least 20 percent. The down payment for a $650,000 purchase would jump from $22,750 to $130,000 in that case.

30 YEAR FIXED AT 3.5% WITH 0 POINTS – FANNIE MAE AND FREDDIE MAC TO RAISE RATES. September 10th, 2012. The MBS market closed last week trading down (-12 bps). The market was very volatile last week. On Thursday, mortgage rates spiked up due to the stock market posting great gains and hitting a 4 year high.

ABS East panel says Shiller wrong on housing bubble call ABS East panel says Shiller wrong on housing bubble call. is now a new bubble in housing is becoming cocktail-party discussion fodder yet again.. of perhaps the most popular housing price.The Wrap: Appraisal volume down in last week of July Multifamily development picks up despite falling demand Brooklyn investor planning multifamily project in mott haven. “but with the demand from developers for ground up projects in the Bronx and property owners not willing to part ways with their.It’s happening. It might not be an appraiser who shows up for the appraisal inspection. I’ve been talking about the potential of “hybrid” valuations like this, and now they’re here.. The gist is somebody besides the appraiser inspects the property and then gives the inspection details to the appraiser to do the “value part” (without seeing the property).

In response, during June 2013, our Board of Directors authorized the repurchase of up to an additional $100 million. 2012 (dollars in thousands): December 31, 2013 Amortized Cost Weighted Average.

 · Based on some broad assumptions, the Obama plan claims that the average borrower can save $3000 a year. A borrower with a loan balance of $200,000, 5.5% interest rate and 27 years left who refinances into a 30 year loan at 3.5% will pay begin to pay $288 less per month, about $3456 per year.

Monday Morning Cup of Coffee: JPM Chase agrees to massive mortgage settlement Monday Morning Cup of Coffee: JPM Chase agrees to massive mortgage settlement – In one case. google search activity to predict market trends as they are occurring, predicted that existing-home sales are projected to fall between seasonally adjusted annual rates of 5.4 and 5.74.

Pinto, who was a top official at Fannie Mae in the late 1980s, has been a long-time critic of the FHA, arguing that it has been irresponsible in its lending practices to working-class families and has.

Fannie Mae Cracks Down on Strategic Defaulters Recovering losses from strategic defaulters and others who have the ability to. of the Inspector General at the Federal Housing Agency for Fannie Mae and Freddie.. financing, rather than placing the standard down payment of twenty to twenty-.. J. Kevin Murray, Note, Issues in Appraisal Regulation: The Cracks in the.

While about 3.5 million homes are officially for sale. vacant shadow inventory. fannie mae and Freddie Mac have also revised their forbearance program that will allow owners who’ve lost their job.

Fannie Mae sees 2012 home sales up 3.5% to 4.74 million. January 20, 2012 Marketing Updates, Real Estate Articles