Mortgage Market Minute: February 2012

Warren Buffett: Good Time to Buy a Home [watch from 05:10 to 06:40]

4 comments • Thomas Crate, CA DOC, NMLS #332624 • February 27 2012 10:18AM
Embracing Short Sales
share
more
BofA Squeezes Mortgage Pipeline to Fannie
share
Bank of America Corp., the second- biggest U. S. lender by assets, is stopping the sale of new home loans to government-owned Fannie Mae as a dispute over who should bear the costs for defective mortgages escalates. The bank is cutting off Fannie… more
Existing-Home Sales Were Up from December to January
share
The National Association of REALTORS® said total existing-home sales, including single-family homes, townhomes, condominiums and co-ops, were up 4. 3 percent from December to January, to a seasonally adjusted annual rate of 4. 57 million. more
Home prices at lowest point in more than 10 years
share
The National Association of Realtors reported that the median home price in January was at its lowest price reading since November 2001, before the run-up in home prices that became known as the housing bubble. more
Coldwell Banker Real Estate Survey Reveals Sellers More Willing to…
share
PARSIPPANY, NJ, Feb 21, 2012 -- A recent survey over 600 Coldwell Banker Real Estate professionals in the United States revealed home buyers and sellers are adjusting expectations and "getting real" about real estate in 2012. More than half (51… more
It's Official: G-Fee Hike Left out of New Payroll Tax Extension
share
The House and Senate on Friday passed a $150 billion bill that extends a payroll tax reduction and unemployment benefits for 10 months without increasing guarantee fees on Fannie Mae and Freddie Mac loans. In the search for ways to pay for the… more
Upcoming Single Family Premium Changes for FHA Loans
share
FHA held a briefing this morning on the President’s 2013 budget. On this call, they reiterated the upcoming single family premium changes for FHA loans which is outlined in the chart below. The upfront premium of 100 bps has not changed. The… more