FHFA gets heat over planned apartment lending pullback

The Federal Housing Finance Agency proposed a new rule Thursday which would establish new housing goals for Fannie Mae and Freddie Mac for 2018 through 2020. Now, the FHFA is requesting comments.

Freddie could take more than a decade to unload REO inventory Initial jobless claims rise by 12K to 293K The unemployment rate fell another tenth to just 3.8% as the household survey showed a job gain of 293k at the same time the size of the labor market rose just 12k. The U6 unemployment rate is now down to 7.6% which is the lowest since May 2001. rising wages were evident as average hourly earnings rose .3% m/o/m and 2.7% y/o/y.

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Plans by the U.S. Federal Housing Finance Agency to scale back the financing of apartment building loans in 2014 are being met with some resistance. The FHFA, which regulates the government-sponsored enterprises Fannie Mae and Freddie Mac, has indicated it intends to add to an already implemented 10 percent reduction in financing.

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Home prices in lackluster markets return to 1997 levels Freddie Mac economist sees sunny economy in second half He holds a master’s degree in network economics from Georgetown University and a bachelor’s degree in economics and finance from George Mason University. What housing market trends do you see emerging in the second half of this year? There are two key trends we’re seeing in 2018. One is the rise of the first-time homebuyer.Unemployment declined to the lowest level in a generation as the labor market steadily produced more jobs than. the 30-year mortgage is low by past standards though the rise in home prices has made.New-home purchase applications dip slightly  · U.S. Mortgage Applications Dip 4.6 percent. residential News » United States Edition | By WPJ Staff. Purchase activity increased slightly over the week, and the average loan amount for a purchase application reached a record high, a sign that the mix of purchase activity is still skewed toward higher priced homes," said Mike Fratantoni, MBA.

Health and safety inspection scores at taxpayer-funded apartments assigned to low-income tenants have been declining for years, typically with no serious consequences for landlords, an Associated.

The Federal Housing Finance Agency (FHFA) was established by the Housing and Economic Recovery Act of 2008 (HERA) and is responsible for the effective supervision, regulation, and housing mission oversight of Fannie Mae, Freddie Mac (the Enterprises) and the Federal Home Loan Bank System, which includes the 11 federal home loan banks (FHLBanks.

The Obama administration had hinted that they might use their leverage through the Federal Housing Finance Agency (FHFA) to reduce principal amounts on home loans that are currently underwater, ostensibly as an economic stimulus but mostly as a political stimulus to Barack Obama’s re-election hopes.

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Tony leased an apartment from Laverne. Because Laverne failed to perform routine maintenance, the apartment building’s central heating plant broke down in the fall. Laverne neglected to have the heating system repaired, and Tony had no heat for the first six weeks of winter. Tony had reported this problem repeatedly to Laverne.

The Federal Housing Finance Agency took over from Fannie Mae shareholders as the plaintiff in a lawsuit against auditing firm Deloitte & Touche LLP over mortgage-crisis losses after a Florida.