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Congress passes spending bills to avoid shutdown, adds to Ginnie Mae budget

Housing Wire

This includes a strain on resources brought about by the assumption of a sizable portfolio of reverse mortgage-backed securities following the bankruptcy of a major lender in the space in 2022. The government-owned company has been sounding the alarm over the past year about a need for additional authority from Congress.

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Fannie Mae’s chief economist on housing market outlook

Housing Wire

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. this week, Fannie Mae Chief Economist Doug Duncan believes that mortgage rates will stay elevated before the Fed makes further rate cuts. “We’ve Kim: Spreads in the mortgage space are wide.

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How to Shut Down Housing Market Fear in 3 Simple Responses

BAM Media

We can think of no better example of that than last weekends online drama over a Patrick Bet-David Tweet that went viral by using a chart on the multifamily mortgage delinquency rate to sound the alarm on homeowner delinquencies. If theyre relying on randoms spreading sensational news with zero accountability, they will be misled.

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Opinion: How did homeowners get into home equity prison?

Housing Wire

Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs. Just for a moment, let’s imagine a world in which a person purchases a home shortly before a global pandemic.

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7 Ways to Save Money on Your Homeowners Insurance

Realty Biz

Although it may seem tempting to drop or reduce your insurance coverage, particularly if you’re struggling with financial hardship or facing bankruptcy , having the right coverage in place can provide a lifeline if your home is suddenly damaged, broken into, or destroyed. Then, compare offers.

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10 Tips to Be Successful in Real Estate Investing

Marco Santarelli

You need to find markets that are in the phase of expansion – where sales and prices are rising, affordability is good, construction is low and capital investment is rising. Peak new construction tends to occur past peak housing demand, which ultimately leads to temporary oversupply and lower prices.

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Why an Economic Downturn Represents the Best Time to Invest in Real Estate

The Close

Motivated Sellers The motivated seller category is the submarket where you will find homeowners who are facing financial distresses like bankruptcy, foreclosure, and job loss or relocation. Banks required higher down payments and put restrictions on the number of investment mortgages a client could have. And by 2060, the U.S.

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