Since 2008, when they entered FHFA conservatorship, Fannie Mae and Freddie Mac have completed a total of 4,916,088 foreclosure prevention actions. The FHFA this week published its latest numbers, which show that: The two GSEs completed 230,198 foreclosure prevention actions ...
Read More »Gary Keller steps down as KW CEO
Austin, Texas-based Keller Williams (KW) has reorganized itself, executives say, by creating a new holding company structure. Effective immediately, Gary Keller has stepped down from his role as CEO. As president, Josh Team assumes all duties and responsibilities previously held ...
Read More »Banks Report: ‘Better-Than-Expected’ Q3 Results
The major banks this week reported Q3 returns. For top three U.S. banks—Bank of America, Wells Fargo, and Goldman Sachs—NASDAQ summarized that " results were notably better than expected" but "mixed." JPMorgan Chase also reported better financial performance than was ...
Read More »What Happens When Forbearance Programs Expire?
Moratoria and the CARES Act have effectively halted foreclosure activity—those filings are at an all-time low—but the numbers "are artificially low," analysts say. Some predict a significant "burst" once government programs expire. ATTOM Data Solutions, which collects and analyzes foreclosure data, ...
Read More »Under Trump or Biden, GSE Reform Path is ‘Uncertain’
In September 2019, President Donald Trump and his administration initiated a process whereby Fannie Mae and Freddie Mac would exit conservatorship. Former Freddie Mac CEO Don Layton, now a Senior Industry Fellow at Harvard's Joint Center for Housing Studies, says ...
Read More »The Housing Market’s ‘Remarkable Comeback’
Even as businesses begin to reopen, the unemployment rate remains a cause for concern among economists. That makes for much fiscal uncertainty. But despite weakness in the labor market, the housing sector remains robust—it has been reported over the past ...
Read More »A ‘Record-Breaking’ Year for Mortgage-Backed Securities
Ginnie Mae announced that it issued $748 billion in MBSs in the fiscal year ending September 30, which it said resulted in more than "2.8 million households securing affordable homeownership and rental housing." The dollar amount, according to Ginnie Mae, ...
Read More »COVID-19’s Impact on the Residential Rental Market
COVID-19 has created significant problems in the residential rental market, with dramatic increases and decreases in rents in certain regions of the country—that is supported by a report from AdvisorSmith, which studied patterns in rental prices in more than 500 ...
Read More »Crossing the Language Barrier for Spanish-Speaking Agents, Homeowners
The National Association of Realtors (NAR) Tuesday launched a Spanish version of its website, NAR en Español. The sub-site evolved from NAR's Spanish-language Facebook page into the "comprehensive collection of resources" the associations now offers its Spanish-speaking members, NAR representatives ...
Read More »Estimating Property Damage Caused by Hurricane Delta
Mere weeks after Hurricane Laura delivered the most intense storm to hit the northwestern Gulf Coast since 1856, Hurricane Delta ravaged a similar path, making landfall near Creole, Louisiana Friday as a mid-Cat 2 storm. CoreLogic, a provider of property ...
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