Archive for Freddie Mac

New Mortgage Programs for Chicago First-Time Home Buyers

The challenge of saving for a down payment is a constant struggle for many first-time home buyers in Chicago. According to the Washington Post, the housing market is missing one specific group: young first-time home buyers. Realtors are commenting on the low numbers of this young generation that they are seeing in the marketplace. The [Read More]

December 23, 2014 | Author: Carol Morgan | Comments: (0) | Categories: Chicago Real Estate News, Economy, Education, Featured, Homebuying Tips, Locations, Mortgages, New Homes

Freddie Mac Index Helps Track Stability of Housing Market

Does the world need yet another housing market indicator? We’re already treading water in a monthly numerical flood of data on home sales, mortgage applications, foreclosures and even a survey that supposedly measures whether homebuilders are nervous. Most of this is stuff that only an economist could love, but mortgage financier Freddie Mac recently rolled [Read More]

April 07, 2014 | Author: Chicago Tribune | Comments: Comments Off | Categories: Chicago Real Estate News

Illinois Mortgage Delinquencies Fall 27% in 2013

Five percent of Fannie Mae and Freddie Mac-backed single-family mortgages in Illinois, or 68,000 loans, were delinquent at the end of 2013,  a sizable decline from last year but still higher than the national average. One-third of those past-due home loans were at least one year delinquent, according to a year-end report released Wednesday by [Read More]

April 03, 2014 | Author: Chicago Tribune | Comments: Comments Off | Categories: Chicago Real Estate News, City of Chicago, Economy

Green Home Could Result in a Larger Loan

Those solar panels or radiant-heated stone floors could help snag a larger home loan under legislation now pending in the U.S. Senate. The SAVE Act would require Fannie Mae, Freddie Mac and the Federal Housing Administration about 90 percent of the mortgage market to add energy efficiency to their underwriting policies. Mortgage lenders and appraisers [Read More]

August 11, 2013 | Author: Chicago Tribune | Comments: Comments Off | Categories: Chicago Real Estate News, Economy AOI, Energy Efficient, Green Building AOI, Green Living, Mortgages

First Time Homebuyers Can Benefit Greatly from Counseling

Pre-purchase financial counseling isn’t just for luxury-grade purchases anymore; in fact, a new study from Freddie Mac shows that pre-purchase counseling can help first time buyers of Chicago real estate reduce their chances of becoming seriously delinquent by as much as 29 percent, an increase from similar studies in the past. This reduction is good news [Read More]

April 27, 2013 | Author: Mitch Levinson | Comments: (0) | Categories: Chicago Real Estate News, Education, Featured

Freddie Mac Paints Beautiful Picture for Chicago Real Estate this Spring

The latest market analysis and predictions for housing from the Federal Home Loan Mortgage Corporation, also known as Freddie Mac, show that 2013 will be the strongest real estate market since the glory days of 2007. While the sequestration is a concern, Freddie Mac doesn’t believe it will be enough to stop the coming spring [Read More]

April 07, 2013 | Author: Mitch Levinson | Comments: (0) | Categories: Chicago Real Estate News, Condos, Economy, New Homes, Single Family Homes, Townhomes
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