Don’t be penny-wise and dollar foolish when it comes to protecting what may be the largest financial commitment of your life! The situation: ‘Fannie Mae and Freddie Mac are now accepting written Attorney Opinion Letters (AOLs) in lieu of a title insurance policy under limited circumstances as a result of Equitable Housing Finance Plans announced earlier by […]
Hmmmm…Where and when have I heard the phrase “Home ownership is an integral part of the American Dream?” before? Was it in statements concerning the Community Redevelopment Act (CRA)* and that period in American history leading up to the great financial crisis of 2008? A time in residential real estate when basically anyone with a pulse could be […]
Wait a second! Did I really mean to say that New York homebuyers face an average purchase price of $347,614? No, you read it correctly the first time! Incredibly, while the national average down payment for a new home is $31,723, in the New York/New Jersey marketplace the number soars to $347,614 representing 37% of the average […]
The following flash release about mortgage default risk was published by AEI’s HousingRisk.org! Mortgage risk increased as the NMRI hit a new series high, due to an increase in FHA’s market share and loan level risk. AEI’s National Mortgage Risk Index for home purchase loans hit a new series high of 11.89 percent for April, up […]
Follow @Hallmark Abstract Service Note: This article also appears at Global Economic Intersection here! From Freddie Mac this is an interactive tool called the Multi-Indicator Market Index or MiMi! The purpose of MiMi is to allow the user to check-on the health and the stability of the US housing market not only nationally, but on […]
