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

Price cuts. Cookies at open houses. Listings lasting longer than a few weeks on the MLS. The housing slow down is now officially here. Delusions usually end up on a direct path with reality. Housing is always a lagging indicator of underlying economic activity. People will fight to the bitter end to.

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.

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Fannie Mae names winner of second Community Impact Pool of NPLs  · The Fannie Mae guideline quoted by in the OP is not directed towards appraisers but is directed towards the lender and the lender’s underwriter/appraisal reviewer. The full text of the part of the guideline referring to utilities makes this clear: B4-1.4-07, Appraisal Report Review: Site Utilities (04/01/2009) IntroductionForeclosure aid programs lifted by $70.1 million in NeighborWorks funds support, technical assistance, and training for com-munity-based revitalization efforts. The Housing and Economic Recovery Act of 2008 appropriated $180 million to NeighborWorks to continue the National foreclosure mitigation program. This appropriation provides funds for foreclosure counseling, legal assis-10 million more mortgages set to default, expert says ignoring flood insurance could soon become more costly for the mortgage industry, says Carolyn Kousky, a flood insurance expert at the Wharton School at the University of Pennsylvania. “So far there.

With home prices still seeking their bottom, the federal agency that insures more than $1 trillion in mortgages faces a nearly. FHA, Fannie Mae and Freddie Mac, part of an effort by Washington to.

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.

Timeline of the United States housing bubble – Wikipedia – October: Oct. 2000 – HUD Sec Andrew Cuomo ANNOUNCES NEW REGULATIONS TO PROVIDE $2.4 TRILLION IN MORTGAGES FOR AFFORDABLE HOUSING FOR 28.1 MILLION FAMILIES; October: Fannie Mae committed to purchase and securitize $2 billion of Community Investment Act-eligible loans.

Gasparino: Mnuchin, Calabria disagree on how to reform Fannie Mae and Freddie Mac FACT SHEET: A Better Bargain for the Middle Class: Housing – Worked with regulators to expand refinancing for underwater borrowers through the Home Affordable refinancing program (harp), nearly tripling the number of families who received refinancings from 400,000 in 2011 to 1.1 million in 2012 and bringing the total to more than 2.6 million through May 2013.

Washington, D.C. – Fannie Mae and Freddie Mac have completed more than 3.1 million foreclosure prevention actions since the start of conservatorship in 2008. These actions have helped more than 2.5 million borrowers stay in their homes, including nearly 1.6 million who received permanent loan modifications.

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On Monday, the head of the agency that oversees the mortgage giants Fannie Mae and Freddie Mac outlined. how he plans to make it easier for borrowers on both fronts. Mel Watt, director of the Federal.

Housing market starts 2015 on several weak notes U.S. homebuilding dropped to a near two-year low in March, pulled down by persistent weakness in the single-family housing segment, suggesting the housing market continued to struggle despite.