Housing advocates: FHFA won’t reduce principal, offers discounted NPLs

NAR existing home sales increase 2.1% in October October existing-home sales marks 13 consecutive months of year over year gains, and sales are up 3.9 percent from a year ago. The national median existing-home price for all housing types was $219,600 in October, up 5.8 percent from a year ago, October 2014.

While it is up to the Federal Housing Finance Agency, an independent regulator, to decide when to release Fannie Mae and Freddie Mac from conservatorship, the Treasury plan offers a start to the.

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The NPL sales got off on a "wrong foot" because not all the stakeholders were included in the process, said Julia Gordon, executive vice president of the National community stabilization trust. "That is part of the dynamic" as to "why the NPL sales have been under fire" from housing advocates and community organizations.

The Federal housing finance agency (fhfa) has announced the appointment of Janell Byrd-Chichester as the organization’s new chief of staff. Byrd-Chichester’s tenure with FHFA began on October 6. He also trained at the Citibank School of Banking, Long Island, New York.

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The settlement is working. But as it takes hold, it’s exposing a huge rift in the housing market. The government’s own mortgage arms, Fannie Mae and Freddie Mac, still won’t meet the same standards the big banks have committed to, and until they do, foreclosures will continue to drag on.

Fitch warns home prices overvalued NEW YORK–(BUSINESS WIRE)–Texas homes are now overvalued by 10%-15% on average, Fitch Ratings says. For the last two years, home prices in the state’s two largest cities, Houston and Dallas, grew.

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The Federal Housing Finance agency (fhfa) released its notice of proposed rulemaking on "Enterprise [Fannie Mae and Freddie Mac] Capital Requirements" on June 12. After the comment period closed on November 16, there were 77 entries on FHFA’s comment log. Half (38) were from individuals who wrote short comments ranging from one sentence to a.

Last month the head of a Washington D.C.-based affordable housing organization asked me to attend a meeting in the Hart Senate Office Building to give my views on "Corker-Warner 2.0" and its potential effect on low- and moderate-income mortgage borrowers. As I presented my perspective and arguments, a Senator with whom I had not met.

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Policy Workshop: 2017 housing finance reform.already? Research Lab: Using opportunity mapping to improve affordable housing policy. Under One Roof. A look at the National Housing Conference, its members, and news and events from around housing.