Criteria Changes for Fannie Mae Purchasing and Securitizing Adjustable-Rate Home Mortgages

Recently Fannie Mae announced some new standards for the acquisition and securitization of adjustable-rate mortgages (ARM). The company is changing its eligibility criteria to protect consumers from potentially unexpected payment increases and to help ensure borrowers who hold these types of … [Read more...]

Pending Home Sales on an Upswing

Pending home sales increased again in March 2010, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of Realtors®. The Pending Home Sales Index (PHSI) forward-looking indicator based on contracts signed in March, rose 5.3% to … [Read more...]

Realtors® Recognize School of the Future Design Winners

Wind and solar power, recycled building materials and structures that encourage community involvement are all components of winning designs for the annual School of the Future Design Competition. Winners were announced last night at ceremony held at the National Association of Realtors®. The … [Read more...]