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Monthly Archives: December 2014
Fannie Mae and Freddie Mac Unveil Mortgages with 3% Down Payment
By: Tim Logan The loans, unveiled Monday, reverse a trend of tighter lending standards by the government-sponsored mortgage giants since their taxpayer-financed bailouts. The programs allow only fixed-rate loans on single-family homes used as a primary residence. “We are hoping … Continue reading
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TransUnion: Mortgage Delinquency in 2015 Will Hit Lowest Since Recession
By: Trey Garrison TransUnion forecasts that the national mortgage delinquency rate will be 2.51% in 2015 – the lowest level since the start of the recession in the third quarter of 2007. They expect the rate to decline to 3.21% … Continue reading
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High-end Home Sales are Surging in Southern California
By Tim Logan, LA Times, December 12, 2014 By most measures, the housing market these days is a bit sluggish. Prices are flat. Sales are drooping. A lot of people are priced out.. But not everyone. The high end is … Continue reading
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