Fremont Real Estate and Beyond

Starting next year, Fannie and Freddie will not be able to retain any capital.  This was part of the terms of their bailout package in 2008.  Why is this important? It means starting next year taxpayers will probably have to foot the bill if they incur any losses.  It's important to remember that Fannie and Freddie back about 40 percent of the nation’s home loans. There are a few lawmakers and private industry titans getting together to brainstorm on how to deal with this.   More info here-- https://www.bloomberg.com/news/articles/2017-03-28/fannie-freddie-fix-is-focus-of-senators-push-across-party-lines

A lot of homeowners who were foreclosed on don't realize that once all the loan(s), taxes, and fees are paid by the proceeds from the foreclosure auction, any remaining amount goes back to them. More info here-- http://www.realtor.com/news/trends/foreclosure-windfalls/

Strong words from the CEO of the Mortgage Bankers Association via Linkedin.  https://www.linkedin.com/pulse/new-housing-crisis-david-h-stevens The New Housing Crisis? We are currently in the middle of a housing crisis.  That's right...I said it.  Industry experts, economists and even consumer groups have predicted one would emerge, albeit this is not what they expected and it is certainly sooner than anticipated. Yes, the word crisis is harsh and alarmist, but it accurately reflects the complete void of focus on housing as an opportunity by Washington policy makers, including the actions of the regulators and enforcement officials that are narrowing the credit box.  Fact - there is a shortage of affordable housing (both rental and owned) and the homeownership rate today is at its lowest point in over two decades.  Today's environment is not encouraging credit expansion. It's forcing lenders to be overly conservative - ultimately failing entry-l...