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Theresa Springer’s Blog

Fanny Mae And Freddie Mac Necessary Evils

Bethany McClean, a contributing editor at Vanity Fair, recently wrote an opinion piece for The Washington Post. Her contention is, that while “everyone” in Washington thinks that Fannie Mae and Freddie Mac need to go the way of the dinosaurs, the fact is we need them now (and possibly more than ever). It’s a fairly long piece, and ... MORE

Baby Boomers, Millennials, Expected to Aid Multi-Family Housing

New statistics state that multi-family housing has declined over recent years. According to Fannie Mae, multi-family housing has declined from 44.8% of occupied rental stock in 2005 to 41.3% in 2001. While experts acknowledge the decrease, construction companies are looking into the future. Experts say that, as job growth continues to increase in the U.S., ... MORE

Americans Take Advantage Of Favorable Housing Market

An increasing number of Americans are taking advantage of low mortgage rates and lower home prices according to Fannie Mae’s June 2013 National Housing Survey. Though mortgage rates are slowly increasing, consumers are recognizing many advantages of  buying a home while rates are still low. Inventory remains limited making it harder on many home-buyers. Trulia’s ... MORE

Many Borrowers Will See Mortgage Payment Reductions

The Streamlined Modification Initiative goes into effect this week and will help many home loan borrowers save large amounts of money. The effort is targeted toward borrowers with mortgages from Freddie Mac or Fannie Mae and are 90 days or more late on payments. The Mortgage Bankers Association stated in May 2013 that there were ... MORE

Economy Expected To Continue Growth Into 2014

Fannie Mae stated in a new report that the United States economic growth is expected to continue to strengthen into next year increasing energy production and rising many household incomes. Doug Duncan, Fannie Mae Chief Economist said, “At the outset of the year, we forecasted that 2013 would witness sustainable but below-par growth as the ... MORE

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