Tag: federal

By Posted on Posted in Foreclosures, Real Estate Tagged with , , , , , , , , , , ,
Red percent sign and a padlock on white surface. Financial concept

Following recent speculations that the Federal Reserve would hike interest rates in June, a weak May job report moved in to dash the chances. The likelihood of a rate hike shrunk down to a measly 4 percent, and experts are saying even the possibility of a hike in July is now slim, due to the bleak job report.Only 38,000 jobs were created in May, a …

No FED Rate Increase In June Read more »

By Posted on Posted in Real Estate Tagged with , , , , , , , , ,

(TNS)—The regulator for bailed-out housing finance giants Fannie Mae and Freddie Mac told lawmakers Tuesday that new programs to back mortgages with down payments as low as 3 percent had enough safeguards to make them as safe as loans with higher down payments. Melvin L. Watt, director of the Federal Housing Finance Agency, faced sharp criticism from Republicans at a three-hour House hearing that he …

Fannie Mae, Freddie Mac Regulator Defends 3% Down Payment Mortgages Read more »