So many of you responded to a blog last week on forecast residential lending forecasts by Fannie Mae, Freddie Mac and the Mortgage Bankers Association (MBA), with the updated forecasts today from the MBA and Fannie Mae, attached are the latest tables, charts and the… Read more

Foreclosures dropped in July 2012 to 58,000 from 69,000 in July 2011 (and 62,000 in June 2012) according to CoreLogic. Half of all foreclosures were from five states: California, Florida, Michigan, Texas and Georgia. Homes tallied 1.3 million in some form of foreclosure (3.2 percent… Read more

Fannie, Freddie & MBA Forecast Changes Oct 2011 to Nov 2011 The President announced a change to the HARP program (essentially loan modifications to borrowers with loans that are currently held by Fannie Mae and Freddie Mac that are performing but underwater).  The real key… Read more

The Federal Housing Finance Agency just released the 2011 performance and accountability report regarding their oversight of Fannie Mae and Freddie Mac and the 12 Federal Home Loan Banks. Included in those reports were a few gems of information on characteristics of borrowers in the 1st half of 2011… Read more

Given that 23 percent of homeowners are currently underwater on their mortgages, that prices have yet to recover, and that 2.87 million homes alone in 2010 received notices of default, there remain a minimum 4 to 5 million properties that will either go through foreclosure,… Read more

Coming Exit of Fannie and Freddie From the High-End Residential Mortgage Market Brings Concerns to Housing Finance, Home Prices and Sales Volumes — New York Times Fannie Mae and Freddie Mac have backed nine out of every 10 residential loans made for the past three… Read more

And if the US Government Does Not–Then Interest Rates Rise Significantly Regardless Nine in ten loans today are guaranteed by either Fannie Mae, Freddie Mac or governmental agencies according to this Wall Street Journal article.   Without some form of guaranty from the US government, interest… Read more