Released in July 2014, FHFA Brief 14-02, '"First Time Homebuyer Share and House Price Growth", arrives at a statistically supported conclusion that is at the very least predictable, if not painfully obvious.
This settlement sends a strong message that banks that prey on customers and investors will be held accountable. I will continue to investigate financial institutions that bend the rules for their own benefit, and pursue equal justice for all New York families.
Recent research about student loans and mortgages raises the question of whether having too much debt can make you sick. Survey results are particularly troubling because they suggest that it is the debt itself -- not the burden of repayment.
For 30 years, falling mortgage interest rates have enabled homeowners to move into ever-larger homes on the promise of ever-cheaper financing. But that party is over, and the impact on existing home sales could be significant.
California and Texas, as well as Arizona and New Mexico, aren't just on the geographical border of the United States and Mexico. They're also a frontier between the America that we were and the America we're rapidly becoming.
Keep in mind, Fannie Mae and Freddie Mac already purchase 97% LTV mortgages from state housing finance agencies throughout America. Why not reinstate this policy to help restore sustainable homeownership for responsible everyday borrowers while also helping to jumpstart America's economy?
Fannie Mae and Freddie Mac need to be regulated properly, they need to be required to maintain sufficient capital reserves, and they need to be operated transparently. But given the current legislation, eliminating them would be reckless and foolish.
Some in Congress and in the administration want to do away with Fannie and Freddie and hand over their portfolio to the private banking industry, but without the previous requirements that banks do a certain amount of business with low-to-moderate income individuals.
The Coronel family is part of a growing national movement to challenge Wall Street and the financial industry, whose predatory practices resulted in millions of Americans losing their homes and millions more still "underwater" with homes worth less than their mortgages.
We knew before the meeting that economic inequality would be a topic of discussion, and afterwards we were told it was part of the conversation. Yet, I'm pretty certain that the elephant in the room was not discussed.
Your realtor can be a valuable resource in gathering information for you and getting the answers to your questions from the seller's agent. In the meantime, you can be proactive and do some of your own research.
My boyfriend (and now legally married boyfriend) Joey and I just bought our first house in the Los Angeles area. I'm very excited to share with you the first episode of OMG We Bought A House! -- a series Joey and I are doing about buying, renovating, moving in and decorating our first home.
In the aftermath of the shutdown and debt ceiling debacle, a storm of news media and economists predicted that anxious Americans would spend less through the new year. In the housing market, however, these predictions aren't panning out.