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topStories Saturday, August 11, 2012
     
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August Economic and Housing Market Outlook: A Shrinking Shadow?
Freddie Mac recently released its U.S. Economic and Housing Market Outlook for August showing why the so-called shadow inventory might not be as foreboding as many thought; this is attributed to the rate at which excess housing is being absorbed. The Freddie Mac House Price Index for the U.S. showed a 4.8 percent gain from March to June 2012, the largest quarterly pickup in eight years; the national index posted a June-to-June rise of 1 percent, the largest annual appreciation since November 2006. Rental vacancy rates have fallen to 8.6 percent, the lowest since the second quarter ...
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Freddie Mac Prices New 4 Billion Dollar Five-Year Reference Notes Security

Freddie Mac announced recently that it priced its new 1 percent five-year USD Reference Notes® security due on September 29, 2017. The issue, CUSIP number 3137EADL0, was priced at 99.95 to yield 1.01 percent, or 26.5 basis points...
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Accurate Estimates Bring Down Closing Costs

It might be harder to get a loan today, but it costs a little less to close one than it did a year ago because lenders are estimating closing costs better, according to the latest annual survey of closing costs by Bankrate. The average cost to close on a mortgage in...
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Catching the Wave

Recently, while sitting on the beach in California, I watched several surfers try to catch one of the rolling waves that would give them an exhilarating ride to shore. Some of the surfers sat on their boards and just waited for the perfect wave to come to them. Others...
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The Dodd-Frank Qualified Mortgage - The Future of Residential Housing

The Dodd-Frank Qualified Mortgage, or QM, as it is known, is likely to shape the future of housing finance for years to come. The QM comes from the “ability to repay” anti-predatory lending provisions of Dodd-Frank. The original rule proposal...
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RREIN Press Releases Read the Latest Local and Regional Real Estate Updates!
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Real Estate Q&A: Second Mortgage Comes Back to Haunt Borrower
By Gary M. Singer
(MCT)—QUESTION: I lost my home to foreclosure in 2010 and have moved on with my life and am trying to buy a new home. I just got served a lawsuit on the home equity line of credit that I had on the home that I lost. What is this?
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