Barron’s: The International Monetary Fund downgrades its 2019 forecast as economic pessimism grows a day after reporting its lowest annual economic growth since 1990. Adding to the gloom, the International Monetary Fund trimmed its global growth forecasts and a survey showed increasing pessimism.
Sales of new homes jump 28% in mid-March Share this:. down 11.9 percent from a year ago. Sluggish sales early in this late winter selling season are being blamed in large part on a dramatic.
Freddie Mac speeds up availability of streamlined loan mods Live Well Financial shutters origination operations NEW YORK (Reuters) – activist investment firm starboard Value has taken a new position in KAR Auction Services, the firm’s founder Jeffrey Smith said at a conference on Tuesday.Auction.com sells $65 million in commercial assets FHA mortgage insurance premiums won’t be going down in 2015 FHA Mortgage Insurance Premiums Lowered in 2015 – In early 2015, the Federal Housing Administration (FHA) will reduce annual mortgage insurance premiums (MIP) from 1.35% to 0.85%. The last time the FHA reduced its mortgage insurance premiums for U.S. homebuyers was back in 2001.S. Carolina Supreme Court: Non-attorneys can modify home loans SOUTH CAROLINA v. BAKER | FindLaw – South Carolina invoked the original jurisdiction of this Court, contending that 310(b)(1) is constitutionally invalid under the Tenth Amendment and the doctrine of intergovernmental tax immunity. We granted south carolina leave to file the instant complaint against the Secretary of the Treasury of the United States, South Carolina v.The brother of the Playboy Mansion’s new owner just bought this $65 million Beverly Hills home.. who previously sold a neighboring property to Minecraft. Both are included in the final sale.House committee votes to end FHA Short Refi program AEI labels Johnson-Crapo the ObamaCare of gse reform’ key Aspects of the Johnson-Crapo Housing Finance/GSE Reform Bill On March 16, Senate Banking Committee chairman tim johnson, D-S.D., and Ranking Member Mike Crapo, R-Idaho, released the 442-page discussion draft of their housing finance reform bill, on which they announced their agreement on March 11.Committee Approves FHA Housing And Homeowner Retention Act. – The House Financial Services Committee has approved H.R.5830, the Federal Housing administration (fha) housing and Homeowner Retention Act, by a bipartisan vote of 46 to 21. The legislation, authored by Committee Chairman Barney Frank, will expand the FHA program to help refinance at-risk borrowers into viable mortgages.New modification program offers simplicity and certainty. – Fannie mae announced details last month on its new modification program, which it developed jointly with Freddie Mac at the direction of the federal housing finance agency. fannie mae flex Modification combines features of HAMP (home affordable modification program), which ended at the close of 2016, and Fannie Mae’s Standard and Streamlined.
The number of new homes for sale fell to a more than 11-year low at 281,000, the lowest since February 1998 and down more than 4 percent from May.
EXCLUSIVE: Freddie Mac settles with David J. Stern law firm Under the settlement, the fourth-largest bank in the U.S. accepted responsibility for certifying to the Department of [.] Wells Fargo to pay $1.2B.. The lawsuit alleged that Wells fargo recklessly underwrote loans backed by FHA insurance from at least 2001 to 2010. In that time, the bank certified over 100,000 FHA loans as meeting HUD’s.
At the same time, new homes keep getting older. There are now 128,000 completed new homes available for sale. That is down from the peak of 199,000 in January 2008, but it is a larger supply than there ever was before 2006. The average age of those "new" homes is now 11.8 months, up from 8.4 months a year ago – and that was then a record.
Sales of New Homes Jump 11% in June National median sales price slips 5.8% to $206,200.
Purchases of new homes in the United States climbed 11 percent in June, the biggest gain in eight years, underscoring evidence that the deepest housing slump since the Great Depression is starting.
With new housing sales spiking 11% nationally in June. (the biggest gain since 2000). that also marks the largest margin in 9 years! The National Association of Realtors (NAR) reports that price declines are slowing, and that existing home sales rose by 3.6% in June.
Housing permits, starts both fall in January Rising mortgage rates last year also hurt demand, but their recent fall does not seem to have helped. a future sideways trend. Permits to start a new housing project (starts include both new homes.
New home sales in March greatly beat market analyst expectation by jumping 11.1% in March from the previous month, according to the Census Bureau. Analysts at Econoday expected existing home sales.
Sales of new U.S. homes unexpectedly rose in March to a 16-month high, with a third straight increase that reflects a boost from lower.
· NANAIMO, B.C. – Tilray Inc.’s stock soared after it signed a deal to merge with its largest shareholder while also putting limits on the release of resulting new shares in the Canadian cannabis company for two years. Under the agreement, U.S. private equity.
Fitch sees no sign of strategic default for rising principal reductions Principal Reduction: Is Debt Forgiveness Fair? – AOL Finance – Five years into the housing crisis, Day said, there is no evidence that principal reduction, which has been used by some lenders, has spurred many homeowners to default: "It was a bogus argument.
· Southern California home sales jump, prices rise in March. By Andrew Khouri.. Home sales surged 11% in March from a year earlier – only the.
WASHINGTON – Sales of new U.S. homes jumped 4% in March, propelled by a surge of buying in the West. The Commerce Department said Tuesday that sales last month were at a seasonally adjusted.
No matter how many times you’ve done it, purchasing a new home can be intimidating, stressful, and of course, incredibly.