The National Association of Realtors ( NAR ) on Tuesday released preliminary figures on sales contracts that were pending at the end of August and the information, once again, gave lie to any thought that the housing market is close to hitting bottom. The Pending Home Sales Index (PHSI) applies only...
Several key players have rung in on the decision by the Office of Federal Housing Enterprise Oversight (OFHEO) to retain limits on the mortgage portfolios owned by Freddie Mac and Fannie Mae. The two government sponsored enterprises (GSEs) had petitioned OFHEO, its regulator, last week asking to be allowed...