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[citation needed] Following reports of rapid sales declines and price depreciation in August 2006, [61] [62] Lereah admitted that he expected "home prices to come down 5% nationally, more in some markets, less in others. And a few cities in Florida and California, where home prices soared to nose-bleed heights, could have 'hard landings'." [31]
The Miami Herald reported in December mortgage lenders Fannie Mae and Freddie Mac ... with the South Florida law firm of Siegfried Rivera, has focused on community association law since 1970 and ...
"Over the past decade Fannie Mae and Freddie Mac have reduced required down payments on loans that they purchase in the secondary market. Those requirements have declined from 10% to 5% to 3% and in the past few months Fannie Mae announced that it would follow Freddie Mac's recent move into the 0% down payment mortgage market." [153]
As of September 2012, approximately 1.4 million homes, or 3.3% of all homes with a mortgage, were in some stage of foreclosure compared to 1.5 million, or 3.5%, in September 2011. During September 2012, 57,000 homes completed foreclosure; this is down from 83,000 the prior September but well above the 2000–2006 average of 21,000 completed ...
A HomeReady mortgage is a type of conventional loan that helps lower-income borrowers buy homes. To qualify, your income can’t exceed 80 percent of the median income in the area you plan to ...
Other considerations may have motivated the New Deal focus on the housing market: about a third of the nation's unemployed were in the building trade, and the government had a vested interest in getting them back to work by giving them homes to build. [12] Fannie Mae was acquired by the Housing and Home Finance Agency from the Federal Loan ...