This is the ‘big unknown’ for housing in 2017

The highly anticipated rate hike from the Federal Open Market Committee brings a new question to housing in 2017. This question, the “big unknown” for housing in 2017, may only be answered with time. http://www.housingwire.com/articles/38761-this-is-the-big-unknown-for-housing-in-2017 ❤️ #share #mortgage

Banks move quickly to raise prime lending rates

Not too long after the Federal Open Market Committee finally elected to increase the federal funds rate, banks started to announce they are increasing their prime lending rates. Here is an update of those bank announcements. http://www.housingwire.com/articles/38760-banks-move-quickly-to-raise-prime-lending-rates ❤️ #share #mortgage

TransUnion forecasts credit delinquencies will decrease in 2017

TransUnion gave its forecast for 2017, claiming that delinquency rates will continue to drop. #mortgage debt, on the other hand, will go up as home prices rise and low down-payment programs become more popular. http://www.housingwire.com/articles/38759-transunion-forecasts-delinquency-rate-decrease-in-2017 ❤️ #share #mortgage

Fannie, Freddie replace HAMP with new foreclosure prevention program

After alluding to a new program to replace the Home Affordable Refinance Program back in August, Fannie Mae and Freddie Mac finally revealed what that program will look like on Wednesday. The government sponsored enterprises announced the Flex Modification foreclosure prevention program, which is designed to help America’s families by offering reductions to their monthly #mortgage payments. http://www.housingwire.com/articles/38758-fannie-freddie-replace-hamp-with-new-foreclosure-prevention-program ❤️ #share #mortgage

It’s official: Fed raises interest rates for first time since last December

The Federal Open Market Committee announced in its highly anticipated December meeting that it is finally raising the federal funds rate for the first time since exactly a year ago. While the news doesn’t come as a giant surprise, it does mark the second increase in ten years. Click the headline to read more. http://www.housingwire.com/articles/38757-its-official-fed-raises-interest-rates-for-first-time-since-last-december ❤️ #share #mortgage

Another Goldman Sachs executive joins Trump administration

Goldman Sachs is turning into a goldmine for the future Trump administration team. At the end of November, the team selected Steve Mnuchin, a former executive at Goldman Sachs and former chairman of OneWest Bank, to lead the Department of the Treasury. Now the bank’s No. 2 executive is leaving to join the Trump administration. http://www.housingwire.com/articles/38755-another-goldman-sachs-executive-joins-trump-administration ❤️ #share #mortgage

Here’s why economists can't agree on 2017 housing predictions

Are you confused about all the contradicting housing forecasts coming out for 2017? You haven’t lost your mind, the forecasts really do contradict each other. Here’s a complete breakdown of the forecasts, and why companies are predicting what they are, despite what others say. http://www.housingwire.com/blogs/1-rewired/post/38754-heres-why-economists-cant-agree-on-2017-housing-predictions ❤️ #share #mortgage