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california mortgage: So how is Fannie and Freddie doing anyway?
- 03/14/14 03:59 AM
Fannie and Freddie are doing quite well for themselves, however, it seems to be at the expense of their borrowers. These borrowers are the product of the cleanest, most heavily documented, and thoroughly underwritten and appraised loans in history. Many in the industry are paying close attention to how credit is impacted by rates, fees, guidelines, compliance costs and consolidation in the industry - it will be a real estate case study. Last year showed an increase of 10 base points (on average), greater LLPA's on higher LTVs, and lower FICO loans. In 2013, roughly 40% of net interest income was … (2 comments)
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california mortgage: 55+ housing community is recovering. What are they looking for?
- 02/05/14 01:47 AM
The turmoil of the financial market and economy in recent years changes many consumers’ retirement plans. However, recent news from the National Association of Home Builders (NAHB) was well received. There has been improvement in the third quarter of 2013 in the 55+ housing market. This represents the highest 3rd quarter numbers since the inception of NAHB’s 55 Housing Market Index.
There was a strong increase shown in all segments – from single-family homes, to condos to multi-family rentals. This confidence factor is great for the 55 housing sector as it shows that buyers and renters are interested in communities that … (2 comments)
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Fannie and Freddie are doing quite well for themselves, however, it seems to be at the expense of their borrowers. These borrowers are the product of the cleanest, most heavily documented, and thoroughly underwritten and appraised loans in history. Many in the industry are paying close attention to how credit is impacted by rates, fees, guidelines, compliance costs and consolidation in the industry - it will be a real estate case study. Last year showed an increase of 10 base points (on average), greater LLPA's on higher LTVs, and lower FICO loans. In 2013, roughly 40% of net interest income was … (2 comments)
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