Jumbo loans fell by 12 percent by dollar volume last year (Credit: Pixabay and Wikipedia) It turns out bigger isn’t always better. Jumbo loans — mortgages too large to be sold to Fannie Mae and Freddie Mac — fell by 12 percent by dollar volume last year, according to a new report from the Wall […]
More Americans are paying mortgages on time
A couple paying their mortgage (Credit: iStock) It’s a real estate and social barometer that doesn’t get a lot of publicity, but it’s important: More Americans are paying their mortgages on time today than they have in nearly two decades — maybe even longer. That’s a big deal, because when large numbers of owners do […]
Here’s why shares of Fannie and Freddie are up 170%
Fannie Mae headquarters in Washington, D.C. (Credit: futureatlas.com via Flickr and iStock) The government’s indication that it may privatize Fannie Mae and Freddie Mac has sparked a surge in shares and profits for investors in the two mortgage giants. Lawmakers have been trying and failing to overhaul the government-sponsored entities for more than 10 years since the […]