Today’s news that may be of interest to you:
FHFA Extends HARP for One Year
HousingWire | March 11, 2011
The Federal Housing Finance Agency said Friday it extended its Home Affordable Refinance Program for one year.
Fannie, Freddie Probe Focuses on Disclosure
The Wall Street Journal | March 14, 2011
The investigation by the Securities and Exchange Commission into Fannie Mae and Freddie Mac is homing in on the extent to which the mortgage-finance giants adequately disclosed their exposure to subprime loans.
Jobless Rate at 2012 Presidential Vote Forecast at 7.7%
The Wall Street Journal | March 13, 2011
The U.S. jobless rate will be 7.7% in November 2012, the highest level for a presidential election month since Jimmy Carter defeated Gerald Ford in 1976, according to the average forecast of economists in the latest Wall Street Journal survey.
It’s the Economy (and the deficit, and the gas prices), Stupid
The Washington Post | March 13, 2011
A Gallup poll shows that the number of Americans citing economic issues as the country’s most important problem has reached a 12-month high, with the percentages of Americans concerned about the federal deficit and gas prices also spiking.
Major Changes Ahead for Mortgage System
The Washington Post | March 11, 2011
Fundamental changes are probably ahead for the American mortgage system as the federal government pushes to unwind its unprecedented involvement in the housing market.
From the National Association of Realtors®:
30-Year Mortgage Rates Hold Steady This Week
Mortgage rates continue to hold below 5 percent this week, contributing to record home affordability, Freddie Mac reports.
More Votes to End Mortgage Aid Programs
House Republicans continue drive to end four housing aid programs, despite veto threats from the White House. The Obama administration’s flagship foreclosure program, the Home Affordable Modification Program, is among those on the chopping block.
A Call for National Flood Insurance Reform
NAR testified before a House Financial Services Subcommitte today, advocating for a long term extension of the National Flood Insurance Program to ensure access and affordability for homes owners and businesses.
Anthony V. Carollo / President
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