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Results: 186 Articles found.
Sep 14, 2016 12:30 PM

Residential, Commercial Activity Grows: Fed Beige Book

Residential real estate activity in August expanded in most Fed districts while construction was mostly moderate, the Federal Reserve reported Sept. 7 in its newest Beige Book. Commercial construction and sales grew slightly, and most districts reported expanded activity.

 
Sep 07, 2016 12:30 PM

Boston Fed: Low Interest Rates Could Harm CRE Market

Eight years of low interest rates resulted in a rapid increase in commercial real estate prices that could quickly decrease if economic conditions change, according to Boston Fed President Eric Rosengren, The Street reported Aug. 31. Rosengren recommends raising interest rates to keep the commercial real estate market from overheating.

 
Sep 07, 2016 12:30 PM

Freddie Mac: Housing Market Remains Stable

The housing market is largely unchanged from the previous month and is on the outer range of the benchmark for historic housing activity, Freddie Mac reported Aug. 31 in its Multi-Indicator Market Index. Thirty-eight states plus the District of Columbia have MiMi values within range of their benchmark averages.

 
Sep 07, 2016 12:30 PM

States Still Struggle with Bubble-era Loans: Report

Ten years after the housing bubble burst, nine states and the District of Columbia still have a foreclosure backlog of loans originated between 2004 and 2008, according to analytics firm ATTOM Data Solutions, Forbes reported Aug. 26. Topping the list is the District of Columbia, where 76 percent of loans originated during that four-year period are in foreclosure.

 
Aug 31, 2016 12:30 PM

FHFA Extends HARP into 2017, Launches New Refi Program

The Federal Housing Finance Agency announced Aug. 25 that its Home Affordable Refinance Program will be extended to Sept. 30, 2017, and that a new refinance product aimed at borrowers with high loan-to-value ratios will be available next year through Fannie Mae and Freddie Mac.

 
Aug 31, 2016 12:30 PM

Appeals Court Declines to Reconsider Bank of America Ruling

The 2nd U.S. Circuit Court of Appeals in New York on Aug. 22 rejected a request to reconsider its ruling that overturned a $1.27 billion penalty against Bank of America for mortgage fraud, Reuters reported. Manhattan U.S. Attorney Preet Bharara had hoped the government could pursue a new trial.

 
Aug 31, 2016 12:30 PM

Fixed Mortgage Rates Unchanged

Average fixed mortgage rates were unchanged during the past week, remaining near historic lows ahead of Fed Chair Janet Yellen's comments on a possible rate hike, Freddie Mac reported Aug. 25 in its Primary Mortgage Market Survey.

 
Aug 17, 2016 12:30 PM

Fannie, Freddie May Require Billions in Crisis Bailout

The Federal Housing Finance Agency on Aug. 8 released stress test results for government-sponsored enterprises Fannie Mae and Freddie Mac that showed the GSEs could need as much as $125.8 billion in bailout money during a severe economic downturn, Bloomberg reported. FHFA said the minimum bailout figure would be $49.2 billion.

 
Aug 17, 2016 12:30 PM

Six CRE Trends for Rest of 2016 Identified

Global economic and political uncertainties, the ever-changing retail sector and volatile energy markets are three of the key trends that will play significant roles in commercial real estate for the upcoming year, the Urban Land Institute reported Aug. 10. Other expected trends include steady interest rates and limited supply growth.

 
Aug 17, 2016 12:30 PM

Community Banks Remain Strong: White House Report

The White House Council of Economic Advisers on Aug. 10 released a report that showed community banks remained strong across a variety of measures - including lending growth and geographic reach - since the passage of the Dodd-Frank Act in 2010. The report noted, however, that branch consolidation is problematic.

 
 
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