Real Estate Posts from the Internet

Number of Contracts to Buy Homes at Highest Point Since July

By: The Associated Press March 28, 2016 Updated: March 28, 2016 at 9:17 am 

Number of Contracts to Buy Homes at Highest Point Since July

Linton Global Real Estate Investments

Linton Global Real Estate Investments

More Americans signed contracts to buy homes in February, with purchases surging ahead of the traditional spring buying season.

The National Association of Realtors said that its seasonally adjusted pending home sales index rose 3.5 percent to 109.1, rebounding from a 3 percent decline in January. The index has reached its highest level since July 2015.

The increase in signed contracts occurred despite a shortage of homes on the market. The gain suggests a strong start to the spring home buying season, after some recent reports have hinted at a possible slowdown as rising prices have hurt affordability.

Are You Looking For A Home In Florida? Check out our Advanced Search

Pending sales contracts are a barometer of future purchases. A sale is typically completed a month or two after a contract is signed.

The recent pending sales report indicates that demand remains solid even though home prices are rising and buyers have a limited number of listings from which to choose.

Number of Contracts to Buy Homes at Highest Point Since July

REALTORS oppose use of G Fees to Pay for Highway Bill

 

Stop the Housing Tax for Transportation

On Thursday, October 22, 2015, the House of Representatives Transportation and Infrastructure Committee will begin consideration on the surface transportation reauthorization legislation. One proposal would use Fannie Mae and Freddie Mac’s credit risk guarantee fees (g-fees) to fund transportation programs.

Take action now to prevent Congress from placing an unnecessary long-term burden on American homeowners with a new Transportation Tax. NAR strongly believes that a new tax on homeowners would also prevent Fannie Mae and Freddie Mac from effectively managing their risk. Tell Congress to STOP the Housing Tax for Transportation!

REALTORS oppose use of G Fees to Pay for Highway Bill

As a REALTOR and your constituent, I ask you to oppose any attempt by the House Transportation and Infrastructure Committee to use Fannie Mae and Freddie Mac’s credit risk guarantee fees (g-fees) to fund the surface transportation reauthorization legislation scheduled to be marked-up on Thursday, October 22, 2015.

G-fees are a critical risk management tool used by Fannie Mae and Freddie Mac to protect against losses from faulty loans, and should be used only to manage the companies’ credit risks. I am opposed to the use of g-fees for purposes other than risk management.

Additionally, implementing an extension of the g-fee increase that is unrelated to housing needs could also act to hinder the necessary reforms required of the housing finance system for the foreseeable future.

I understand the need to reauthorize the highway programs and help strengthen our country’s infrastructure. However, I also strongly believe that use of an extended g-fee to fund transportation programs saddles future homeowners with an unnecessary long-term burden, and prevent Fannie Mae and Freddie Mac from effectively managing their risk.

Please oppose the use of Fannie Mae and Freddie Mac’s credit risk guarantee fees (g-fees) to fund transportation programs.

Fannie Mae eliminates Desktop Underwriter fee


Jacob Gaffney June 23, 2015 11:01AM

Fannie Mae just eliminated fees on its Desktop Underwriter mortgage underwriting system and Desktop Originator tool, the company said in an email.

Fannie will also introduce a new loan delivery system, the government-sponsored enterprise said, without going into specifics.

“We want to continue to provide value to our lenders and we don’t want technology fees to get in the way of lenders using our technology to its full potential,” said Andrew Bon Salle, executive vice president, single-family business at Fannie Mae.

The company also announced the following details:
finish article at:
http://www.housingwire.com/articles/34276-fannie-maJacob%20GaffneyJune%2023,%202015%2011:01AMe-eliminates-desktop-underwriter-fee

XML Sitemap

Social Media Auto Publish Powered By : XYZScripts.com