Foreclosure Front Receives Positive News - G-Fees Delayed
The foreclosure front received more positive news this
week as the housing sector continues to dig out of the hole that occurred at
the height of the Great recession. Fannie Mae and Freddie Mac have prevented 3
million foreclosures since the two have come under government control in
September 2008.
The Federal Housing Finance Agency reported this week
that so called g-fees that were to be added onto to consumer mortgages starting
in March of next year will be delayed. However, fees could go higher for those
borrowers who don't have down payments of 20% or credit scores of 680 to 760.
Over in the job sector, weekly initial jobless claims
fell by 42,000 in the latest week to 338,000, which was below the 350,000 that
was expected. The numbers could have been distorted by the holiday hirings and
firings, but was the biggest weekly decline in 13 months. The four week moving
average, which irons out seasonal abnormalities, rose by 4,250 to 348,000.
If you have any questions in regards to your financing needs, give me a call at 314-744-7806, or visit me at the link below:
Comments
Post a Comment