Courtesy of FHFA. For a copy of the full article please go to U.S. Monthly House Price Index Rises 0.8 Percent from March to April The pacific region is performing 4.7% better than the rest of the nation.
As a mortgage originator I am extremely disappointed with regards to the way Barney Frank and friends are handling the free fall in the Real Estate crisis. Since the approval of the new good faith estimate (GFE 2010) things have become confusing enough for the buyers that they are simply walking away from the transactions. [...]
In May Fannie Mae, the largest purchaser of home loans, announced a new requirement prior to the funding of a Mortgage. This was published on Mortgage News Daily on May 10th. The new quality control measure was set in place for the safekeeping of the investors against the prospective buyer assuming more debt that they [...]