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Author Archives: Tory Barringer

Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington's student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News' sister publication, MReport, which focuses on mortgage banking news.

FHFA Director Says He Is Powerless to Alter GSE Bailout Agreement

As stakeholders continue to battle with the government over what they say should be their share of Fannie Mae and Freddie Mac's profits, the regulator in charge of overseeing the two GSEs says he's not in a position to act on that situation. Watt says he has no plans to change is the GSEs' current bailout agreement with the government, which has allowed the Treasury Department to sweep nearly all of their profits since August 2012.

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Despite Slight Downturn, Consumer Sentiment Still at Highest Level in 11 Years

According to a report from the group, more consumers reported improvements in their finances in January than any other time in the past decade, and four in 10 cited income gains as the primary reason. Notably, more of those gains are being reported among households with incomes under $75,000, a group that has seen relatively little of the recovery so far.

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Homeownership Rate Drops to 20-Year Low

The rental vacancy rate, meanwhile, fell 0.4 percentage points to 7.0 percent on a combination of tighter supply conditions and a rise in demand as homeownership looks like a distant dream for some Americans. In a survey last month, Freddie Mac found 61 percent of adults living in rental housing don't plan to purchase a home within the next three years as housing costs and credit challenges keep them on the sidelines.

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