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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

Kim: The silver lining in the current housing market is an uptick in new construction sales due to a lack of existing-home inventory. Kim: Bankruptcies and layoffs are still happening. Duncan: I was looking at the bankruptcy data. It’s just gotten back to the pace of bankruptcy we saw in 2019.

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How to Shut Down Housing Market Fear in 3 Simple Responses

BAM Media

If theyre relying on randoms spreading sensational news with zero accountability, they will be misled. 1: Foreclosures & Bankruptcies Still Below Pre-Pandemic Levels Consumers still worry that were heading for a repeat of the Great Recession of 2008. Number one, foreclosures and bankruptcies were rising in 2005, -6, -7, and -8.

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Opinion: How did homeowners get into home equity prison?

Housing Wire

They can also move to areas that are less established and currently being developed, which means new construction and lower prices for those that purchase in the early phases.

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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. Additionally, about two-thirds of all homes in the U.S.

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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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Hope and homebuyers return to Paradise

Housing Wire

After the fire, the price of PG&E’s shares tumbled and in early 2019 the company, which provides gas and electricity to the vast majority of Northern California homes, filed for Chapter 11 restructuring bankruptcy. In 2020, as part of its plan to exit bankruptcy , PG&E agreed to fund a $13.5