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Viewing by month: May 2012

May 30 2012

Freddie Mac to Allow E-Signatures, Other Changes...

Freddie Mac released a new servicer bulletin late last week announcing changes to its underwriting requirements that expand the use of electronic signatures and reduce duplicative borrower information verification.

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141 comments - Posted by Suzanne Baker at 4:52 PM - Categories:

May 25 2012

Consumer Confidence Surges in May to Highest Level Since 2007...

WASHINGTON -- Despite Europe's economic troubles, American consumers are feeling better about the economy than at any time since the start of the Great Recession.

Consumer confidence surged in May to its highest level since October 2007, the ninth-straight monthly increase, according to the latest Thomson Reuters/University of Michigan Survey of Consumers released Friday.

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113 comments - Posted by Suzanne Baker at 5:05 PM - Categories:

May 21 2012

FHA May Loosen Limits on Condo Mortgages...

WASHINGTON — Thousands of condominium owners and buyers around the country could soon be in line for some welcome news on mortgage financing: Though officials are mum on specifics, the Federal Housing Administration is readying changes to its controversial condominium rules that have rendered large numbers of units ineligible for the agency's low-down-payment insured mortgages.

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49 comments - Posted by Suzanne Baker at 1:32 PM - Categories:

May 17 2012

30-year Mortgate Rate Falls to Record Low 3.79 pct.

Good News for Buyers!

Average U.S. rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week. The steady decline has made home-buying and refinancing more affordable than ever for those who can qualify.

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60 comments - Posted by Suzanne Baker at 4:33 PM - Categories:

May 11 2012

It Feels Like Summer in The Eastern Sierra...

We are really having Spring this year! Everything is budding and turning green and the temperatures are warm...it's very nice! There are no crowds and the snow is still good. This is the time to enjoy the area and participate in all that is available here. You can fish and ski or ride on the same day!

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458 comments - Posted by Suzanne Baker at 5:01 PM - Categories:

May 9 2012

Fannie Mae Doesn't Need New Bailout Funds...

Fannie Mae did not need additional bailout funds in the first quarter.

NEW YORK (CNNMoney) -- Mortgage backer Fannie Mae reported the best quarterly results since before the housing meltdown, saying it did not need additional billions in tax funds for the quarter and that it believes losses on past mortgages peaked at the end of last year.

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41 comments - Posted by Suzanne Baker at 1:52 PM - Categories:

May 3 2012

Jobless Claims Fall Sharply...after three weeks of increases.

WASHINGTON -- The picture of the U.S. job market got a little brighter Thursday.

After three straight weeks of elevated readings, first-time jobless claims fell by a much bigger-than-expected 27,000 last week to 365,000, the Labor Department said.

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341 comments - Posted by Suzanne Baker at 4:37 PM - Categories:

     
   
 
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