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Some are saying that 2018 may be the worst year in history for wildfires in California and other states are threatened by blazes as well so Freddie Mac is reaffirming its disaster relief policies. The policies apply to borrowers with homes in Federal Emergency Management Agency (FEMA)-declared disaster areas where individual assistance programs have been made available to affected individuals and households. The options include suspending foreclosures by providing forbearance for up to 12 months and waiving penalties or late fees for borrowers with disaster damaged homes. Areas with FEMA programs are listed on FEMA's website. Where those FEMA programs are not available, Freddie Mac servicers are empowered to use Freddie Mac's forbearance programs to provide mortgage relief to borrowers affected
Housing News
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Some are saying that 2018 may be the worst year in history for wildfires in California and other states are threatened by blazes as well so Freddie Mac is reaffirming its disaster relief policies. The policies apply to borrowers with homes in Federal... (read more)
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Housing News
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The National Association of Realtors® (NAR) said existing home sales cooled during the second quarter amidst what it called "staggeringly low" inventories and steadily appreciating prices. The median national price of an existing single-family ho... (read more)
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Housing News
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Attitudes about buying and selling a home degraded in July. Fannie Mae said its National Housing Survey (NHS) for the month found a net decrease among respondents of 4 percentage points who thought it was a good time to buy a home and a net decrease ... (read more)
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Rob Chrisman
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The U.S. Census Bureau knows a thing or two about numbers, and it tells us that over the 10 years from 6/30/07 to 6/30/17, the number of “renter” households in the USA increased by 8.4 million to 43.4 million while the number of “ow... (read more)
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Housing News
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The week ended August 3 marked the fourth consecutive one in which mortgage activity declined. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of application volume, was down 3.0 percent both before and after seasona... (read more)
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MBS Commentary
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After spending most of July in a narrow, sideways trend, bonds broke higher in yield and looked like they would begin a classic range-breakout sell-off. In other words, momentum had been sideways and because they broke higher in yield out of th... (read more)
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