Fannie Mae: Housing starts to triple by 2013 to nearly 1.5 million

Fannie Mae: Housing starts to triple by 2013 to nearly 1.5 million

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According to the agency’s economic outlook, housing starts are predicted to increase 17.3 percent and hit 710,000 this year, with another 47 percent increase to 1.1 million in 2012 and another gain of 42 percent in 2013 to nearly 1.5 million. However, based on January’s data, their prediction may be a little over optimistic.

Housing prices have grown steadily in recent decades and are nearly twice as high today as they were 25 years ago, on average-a pace that far exceeds gains in income for the average household.

 · The Trump administration has an opportunity to break an eight-year-old logjam on mortgage finance policy and begin setting a future course for the government-sponsored enterprises, Fannie Mae and Freddie Mac. Here’s how: treasury secretary steven mnuchin should request that Federal Housing Finance.

A major critic of Fannie Mae and Freddie Mac could soon be in charge of regulating those same housin veterans affairs mortgage program goes against the grain but. – Veterans Affairs mortgage program goes against the grain but works. compared with the 750 to 770 scores typical for Fannie Mae- and Freddie Mac-backed conventional mortgages at the best interest rates.. says the key to the agency’s quiet success is its nearly paternalistic emphasis on.

Despite the still fragile housing market, Fannie Mae expects housing starts to triple by 2013. According to the agency’s economic outlook, housing starts are predicted to increase 17.3% and hit 710,000 this year, with another 47% increase to 1.1 million in 2012 and another gain of 42% in 2013 to nearly 1.5 million.

Housing starts drop 9.8%

Deadlines that it was required to meet by the end of the year have also been pushed back to the end of 2013. A shaky foundation The insurer’s losses widened to $274 million in the second. done in.

Missed payments on mortgages jump to 6.4 million in April

The more than 3 million foreclosure prevention actions completed since the start September 2008 have helped roughly 2.5 million borrowers remain in their homes.

Homeowner Refinancing Act Resubmitted by Senators Menendez and Boxer – The bill, The Responsible Homeowner Refinancing Act of 2013, removes the barriers preventing the Fannie Mae and Freddie Mac borrowers from refinancing their loans at the lowest rate possible. The.

GSE Reform: The Economic Effects of Eliminating a Government Guarantee in Housing Finance. and sales of existing homes would fall 1.5 percent over the 10-year forecast period.. reports/2013.

The housing GSEs can employ several. than year and found they had set "aggressive" interest rate risk limits and had violated those limits 11 times in 2008 alone. FHFA also stated that Fannie Mae’s.

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