fannie mae and freddie mac: Existing Home Sales Reach Highest Level In 7 Years - 01/28/14 03:47 AM
The NAR provided great year-end news as existing home sales in December pushed 2013 sales of existing homes to a 7 year high. December's reading of 4.86 sales of pre-owned homes came in at 4.87 million on a seasonally adjusted annual basis.
Although projections had been for 4.89 million sales, the December reading topped November's revised sales of 4.82 million pre-owned homes.
December's reading showed the first gain in existing home sales in three months. NAR reported that existing home sales for 2013 reached 5.09 million, which represented a 9.10 percent increase over 2012.
More Good News: Median Price Of Existing … (0 comments)

fannie mae and freddie mac: Fannie Mae And Freddie Mac, How They Impact Real Estate - 01/24/14 04:38 AM
Fannie Mae and Freddie Mac have been in the news quite a bit over the past few years, so it's a good time to do a refresher on who they are and what role they play in the real estate market.
Who Are Fannie Mae And Freddie Mac?
Fannie Mae is the Federal National Mortgage Association. Freddie Mac is the Federal Home Loan Mortgage Corporation. They were originally created to raise homeownership levels and increase the availability of affordable housing.
Fannie and Freddie don't sell mortgages directly to homeowners. They buy mortgages from lenders, so the lenders can use the money … (0 comments)

 
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