Albert Hakim's (alwayssold) Blog

Republicans on the House Financial Services Committee unveiled their plans to reform the government-sponsored enterprises Fannie Mae and Freddie Mac Tuesday with eight bills aimed at ending taxpayer bailouts, adding transparency and reducing costs. "Today marks the start of a process - a process ...

The House of Representatives voted Tuesday 252-170 to terminate the Home Affordable Modification Program roughly two years early. Rep. Patrick McHenry (R-N.C.) introduced H.R. 839 as part of a wide effort by Republicans to shut down programs designed by the Obama administration to aid borrowers a...

Fannie Mae said its gross mortgage portfolio fell at a compound annualized rate of 15.2% in February, while the government-sponsored enterprise's entire book of business fell 0.7%. The delinquency rate in Fannie's conventional single-family segment fell three basis points in January to 4.45%, whi...

The number of initial jobless claims filed by unemployed Americans fell to 388,000 in the week ending March 26, down from last week's upwardly revised figure of 394,000, the Labor Department said Thursday. Jobless claims have declined for three consecutive weeks, and the Labor Department said the...

Mortgage insurer Genworth Financial (GNW: 13.34 -1.19%) saved billions of dollars worth of mortgages from foreclosure in 2010 by partnering with lenders and servicers to craft solutions for distressed borrowers, the company said. The mortgage insurer saved $6.6 billion by finding modification pla...

Fannie Mae said its gross mortgage portfolio fell at a compound annualized rate of 15.2% in February, while the government-sponsored enterprise's entire book of business fell 0.7%. The delinquency rate in Fannie's conventional single-family segment fell three basis points in January to 4.45%, whi...

SANTA ANA, CA - CoreLogic, a leading provider of consumer, financial and property information and business services, reported that the current residential shadow inventory as of January 2011 declined to 1.8 million units, representing a nine months' supply. This is down slightly from 2.0 million ...

* Mortgage applications fell..due to interest rates increasing. * 9 month supply of homes for sale nationwide currently, more coming. * Short Sales are taking the edge off the incredible volume of foreclosures. Corelogic suggests that the number of foreclosures could be cut in half if short sales...

Wednesday, March 30th, 2011, 12:06 pm In his final day as the Special Inspector General for the Troubled Asset Relief Program, Neil Barofsky settled into his seat before lawmakers Wednesday to give one final warning on the most controversial and expansive rescue plan the U.S. government has ever ...

Factors That Influence Real Estate Demographics  Demographics are the data that describes the composition of a population, such as age, race, gender, income, migration patterns and population growth. These statistics are an often overlooked but significant factor that affects how real estate is ...