Proposals for mortgage financing future

Georgia Senator Johnny Isakson recently introduced The Mortgage Finance Act, The Street reports, legislation that would end the government conservatorship of Fannie Mae and Freddie Mac and transition to a fully privatized mortgage market in a decade.
Georgia Senator Johnny Isakson recently introduced The Mortgage Finance Act, The Street reports, legislation that would end the government conservatorship of Fannie Mae and Freddie Mac and transition to a fully privatized mortgage market in a decade. [More]


Florida foreclosure mediation rule altered

The Supreme Court of Florida recently made a decision to amend civil procedures in foreclosure mediation cases, HousingWire reports.
The Supreme Court of Florida recently made a decision to amend civil procedures in foreclosure mediation cases, HousingWire reports. [More]


Home prices stable, but recovery will take time

Real estate data firm Clear Capital recently released its Home Data Index (HDI) Market Report ending with the month of November 2011, indicating U.S. home prices rose only 0.3 percent from the second quarter to the third.
Real estate data firm Clear Capital recently released its Home Data Index (HDI) Market Report ending with the month of November 2011, indicating U.S. home prices rose only 0.3 percent from the second quarter to the third. [More]


Home demand increases, demographics changing

The RadarLogic Composite Price Index fell 4.4 percent during the 12-month period ending in September 2011, the real estate information firm recently reported.
The RadarLogic Composite Price Index fell 4.4 percent during the 12-month period ending in September 2011, the real estate information firm recently reported. [More]


More metros on improving markets index

The National Association of Home Builders (NAHB) Improving Markets Index (IMI) for December reported 41 improving markets, compared to 30 the previous month.
The National Association of Home Builders (NAHB) Improving Markets Index (IMI) for December reported 41 improving markets, compared to 30 the previous month. [More]


Analyst predicts housing improvement based on economic data

Analyst Stephen Kim of investment bank Barclays Capital recently predicted good news for the real estate market in the near future, with factors such as stabilizing prices for non-distressed homes and improving job growth driving a housing recovery.
Analyst Stephen Kim of investment bank Barclays Capital recently predicted good news for the real estate market in the near future, with factors such as stabilizing prices for non-distressed homes and improving job growth driving a housing recovery. [More]


GSE multifamily holdings profitable amid third quarter losses

Concern over the third quarter losses posted by Fannie Mae and Freddie Mac may be obscuring the excellent performance of multifamily business lines in the government-sponsored enterprises' most recent reports.
Concern over the third quarter losses posted by Fannie Mae and Freddie Mac may be obscuring the excellent performance of multifamily business lines in the government-sponsored enterprises' most recent reports. [More]


Banks agree to holiday break for foreclosures

Several of the nation's major banks have announced their intention to follow the lead set by GSEs Fannie Mae and Freddie Mac and suspend foreclosure proceedings for the holidays, beginning December 19 and ending January 2.
Several of the nation's major banks have announced their intention to follow the lead set by GSEs Fannie Mae and Freddie Mac and suspend foreclosure proceedings for the holidays, beginning December 19 and ending January 2. [More]


VA loan limit expiration approaches

Loan limits for mortgages guaranteed by the Department of Veterans Affairs will increase in some areas, The American Legion recently warned, unless Congress takes action to prevent it.
Loan limits for mortgages guaranteed by the Department of Veterans Affairs will increase in some areas, The American Legion recently warned, unless Congress takes action to prevent it. [More]


Beige Book shows some regional improvements

The Federal Reserve's latest Beige Book reports increased mortgage refinancing activity and bank lending overall, with the New York, Philadelphia, Cleveland and Kansas City regions all noting higher loan demand.
The Federal Reserve's latest Beige Book reports increased mortgage refinancing activity and bank lending overall, with the New York, Philadelphia, Cleveland and Kansas City regions all noting higher loan demand. [More]