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Partner ESI: Uptick in due diligence spells return of construction industry

WASHINGTON, D.C. - April 5, 2013 - (RealEstateRama) -- While coming off the worst economic conditions since the Great Depression, economists and analysts have pointed to a strong and growing commercial real estate industry as well as a vibrant and stabilized construction industry as a symbol of a mending U.S. economy. One key barometer of commercial real estate trends is the due diligence industry, which is a leading indicator of real estate transactions, financing and development. In most cases, due diligence services are required three to four weeks prior to closing or development

FHFA Announces New Standard Short Sale Guidelines for Fannie Mae and Freddie Mac;

Washington, DC - August 28, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac are issuing new, clear guidelines to their mortgage servicers that will align and consolidate existing short sales programs into one standard short sale program.

Realtors® Applaud FHFA for Expanding Short Sale Eligibility to Help More Struggling Homeowners

WASHINGTON, DC - August 23, 2012 - (RealEstateRama) -- The National Association of Realtors® applauds the Federal Housing Finance Agency for working with Fannie Mae and Freddie Mac to issue new guidelines that expand eligibility criteria and streamline the short sale process.

Survey Finds Freddie and Fannie Should Halt Mortgage Buying

WASHINGTON, D.C. - April 3, 2012 - (RealEstateRama) -- The opinion poll, conducted by Housing Predictor found that 72% of respondents want the firms, which act as a back-stop for the nation’s mortgage market to stop purchasing home loans from banks and mortgage lenders. Only 28% said they should keep buying home loans.

Permanent Modifications on Fannie Mae and Freddie Mac Loans Reach 1.1 Million; Loan Mod...

Washington, DC - March 19, 2012 - (RealEstateRama) -- Fannie Mae and Freddie Mac completed more than 2.1 million foreclosure prevention actions since the start of conservatorship including 1.1 million permanent loan modifications. These actions, designed to help borrowers stay in their homes, are detailed in the Federal Housing Finance Agency’s fourth quarter 2011 Foreclosure Prevention and Refinance Report. The report also shows that after nine months, fewer than 20 percent of Enterprise loans modified in the four quarters ended March 31, 2011, had missed two or more payments, an improvement over prior years.

FHFA’s Report to Congress Details Annual Examinations of Fannie Mae, Freddie Mac and Federal...

Washington, D.C. - June 13, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today released its third Report to Congress, detailing the findings of the agency’s 2010 annual examinations of Fannie Mae, Freddie Mac, the 12 Federal Home Loan Banks (FHLBanks), and the FHLBanks’ Office of Finance.

Fannie Mae and Freddie Mac Foreclosure Prevention Actions Dip in First Quarter; HARP Refinancings...

Washington, DC - June 6, 2011 - (RealEstateRama) -- Fannie Mae and Freddie Mac have completed more than 1.6 million foreclosure prevention actions since the beginning of conservatorship in the fourth quarter of 2008, with more than half of these actions resulting in loan modifications. According to the FHFA’s First Quarter 2011 Foreclosure Prevention & Refinance Report, loan modifications declined for the third consecutive quarter but resulted in deeper payment reductions for more people.

Realtors® Urge Congress to Approach GSE Reform Slowly

Washington, DC - April 1, 2011 - (RealEstateRama) -- The National Association of REALTORS® today urged Congress to move cautiously when reforming government-sponsored enterprises Fannie Mae and Freddie Mac.

LMSPN Spotlights Loan Scams for National Consumer Protection Week

WASHINGTON, DC - March 4, 2011 - (RealEstateRama) -- In conjunction with National Consumer Protection Week (NCPW), March 6-12, NeighborWorks America, The Lawyers Committee for Civil Rights Under Law, HOPE Now, Fannie Mae, Freddie Mac and a coalition of national government agencies, nonprofit organizations and financial institutions are empowering homeowners to combat loan modification scams.

MBA: Commercial and Multifamily Mortgage Delinquency Rates Remain Low for Life Companies, Fannie and...

WASHINGTON, D.C. - March 3, 2011 - (RealEstateRama) -- During the fourth quarter of 2010, commercial and multifamily mortgage delinquency rates remained low for life insurance companies, Fannie Mae and Freddie Mac; fell for banks and thrifts for the first time since the 2006 and rose slightly for loans held in commercial mortgage backed securities (CMBS), according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.

Fannie Mae and Freddie Mac Foreclosure Prevention Actions Double from 2009; HARP Refinancings Increase

Washington, DC - March 3, 2011 - (RealEstateRama) -- The total number of Fannie Mae and Freddie Mac completed foreclosure prevention actions in 2010 more than doubled from one year earlier, according to the FHFA’s Fourth Quarter 2010 Foreclosure Prevention & Refinance Report. Although loan modifications declined for the second consecutive quarter, refinancings through the Home

House Price Index Falls 0.8 Percent in Fourth Quarter 2010; House Prices Decline in...

WASHINGTON, DC - February 24, 2011 - (RealEstateRama) -- U.S. house prices fell in the fourth quarter of 2010 according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted purchase-only house price index (HPI). The HPI, calculated using home sales price information from Fannie Mae- and Freddie Mac-acquired mortgages, was 0.8 percent lower on a seasonally adjusted basis in the fourth quarter than in the third quarter of 2010. The unadjusted national decline was 2.2 percent. Over the past year, seasonally adjusted prices fell 3.9 percent from the fourth quarter of 2009 to the fourth quarter of 2010

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FEMA

FEMA Offers Free Rebuilding Tips at Local Home Improvement Stores

Disaster survivors affected by the severe storms and floods from Tropical Storm Imelda, can visit local home improvement stores in Houston, Pasadena and Webster for rebuilding tips from mitigation experts.