Freddie Mac economist sees sunny economy in second half

MBA: Mortgage applications slide 0.6% from last week Applications. percent last week as rates dropped for the fourth straight week, the Mortgage Bankers Association said Wednesday. The refinancing volume drove a 2.4% increase in overall mortgage.

 · economy suffers a double-dip recession. Real GDP declines 1.8% between the third quarter of 2010 and the new bottom in the economy in the second quarter of 2011. Nearly 3 mil-lion more payroll jobs are lost and the un-employment rate peaks near 12% during the second half of 2011. Exacerbating the housing and economic

Wells Fargo appeal to block FHA mortgage fraud lawsuit denied Wells Fargo & Co must face lawsuits by homeowners who claim the largest U.S. mortgage lender refused to offer them permanent mortgage modifications for which they had qualified, a federal appeals.

The Housing and Economic Recovery Act (HERA) of 2008 conferred to the FHFA the power to place Fannie Mae and Freddie Mac in federal conservatorship, which the FHFA did in September 2008.

Steve Bannon debate at The Economist #OpenFutures festival | The Economist As chief economist, Sean Becketti leads a team that forecasts mortgage and housing market trends and conducts analysis and research on economic and policy issues affecting freddie mac. Prior to joining Freddie Mac, Becketti was senior vice president and head of modeling and analytics at Flagstar Bank.

Freddie Mac’s chief economist sees home prices bottoming in the first six months. He expects mortgage rates to edge up slightly but still remain at historically low levels. Overall, home sales are forecast to be up from 4% to 10% year-over-year and for new construction to be up by 20%.

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The 30-year fixed-rate mortgage rose as high as 4.46% in June from as low as 3.35% in May, according to Freddie Mac data. However, coming months may see. second half of this year may be getting.

Freddie Mac has released its U.S. Economic and Housing Market Outlook for August, showing that despite the lackluster jobs recovery four years into the economic recovery, housing will continue to provide an increasingly positive boost to GDP in the second half of 2013. Four years of recovery have only brought lackluster growth.

Is Seattle about to do away with single-family zoning? by Michael Maddux An issue that is a regular hot-button topic in Seattle is the question of zoning and land-use, particularly as it applies to so-called "single family zoning." The amount of land in Seattle that is zoned this way is itself regularly in dispute. Some claim it is as little as 35%, some say.

The Economist offers authoritative insight and opinion on international news, politics, business, finance, science, technology and the connections between them.. Why Fannie Mae and Freddie Mac.

 · U.S. 30-Year mortgage rates drop Below 4%: freddie mac More FILE PHOTO: A ‘House For Sale’ sign is seen outside a single family house in Uniondale, New York, U.S., May 23, 2016.

 · To be sure, Fannie Mae and Freddie Mac were flawed companies that made several bad business decisions, and taxpayers should never again have.

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Last week, mortgage rates fell to a 3-year low, but new data indicates rates have now reversed course, according to the latest Freddie Mac Primary Mortgage Market Survey According to the company.