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FHFA Considering Limited Principal Reduction

by devteam February 6th, 2015

Even though his predecessor as head of the Federal Housing Finance Agency (FHFA) was adamant in his refusal to consider it, Melvin L. Watt seems receptive to allowing Freddie Mac and Fannie Mae some leeway to reduce the principal balance of their troubled

FHA Applications Skyrocket as Expected Following MIP Change

by devteam February 4th, 2015

Mortgage activity showed no signs of settling down from its rather wild and wooly behavio r since the first of the year. Data from the Mortgage Bankers Association (MBA) was all over the place during the week ended January 30, apparently because of the

Home Prices Turn Negative in Three States

by devteam February 3rd, 2015

The uninterrupted streak of annual nationwide price increases was extended to 34 months in December CoreLogic said today. The company's Home Price Index (HPI) that includes sales of distressed properties (short sales and lender owned real estate (REO

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Published by the Federal Reserve Bank of San Francisco

It was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...