Monthly Archives: June 2022

This $8 Hack Keeps My Electric Bill Lower in Both the Summer and Winter

Jun 16, 2022 |

It’s my big secret for renters. READ MORE…

Fannie Mae, Freddie Mac impose new fee for some securities transactions

Jun 16, 2022 |

Fannie Mae and Freddie Mac plan to charge a new 50 basis-point fee for certain structured-finance offerings that use co-mingled agency securities as the underlying collateral.  The fee will apply to securities issued through structured-finance offerings known as Supers, and separately, real estate investment conduits (REMICs). Through these vehicles, the uniform mortgage-backed securities (UMBS) of one government-sponsored enterprise […more]

Lake Tahoe’s $64M Castle on the Hill Is Nevada’s Most Expensive Home

Jun 16, 2022 |

Lake Tahoe locals describe it as the castle on the hill—and it’s currently Nevada’s most expensive home, available for $64 million.

Macy’s Latest Sale Is the Perfect Opportunity to Give Your Bathroom a Summer Refresh

Jun 16, 2022 |

These deals are made for relaxation. READ MORE…

GAO presses HUD on longstanding IT issues, Ginnie staffing

Jun 16, 2022 |

The Government Accountability Office this week reminded the Department of Housing and Urban Development (HUD) of some ways it could improve its operations. Among the recommendations, the congressional watchdog said HUD needs to improve internet technology management and that Ginnie Mae, a guarantor for federally backed loans, needs to address “staffing-related challenges.” Both points are […more]

Housing starts data raises 5th recession red flag

Jun 16, 2022 |

I’m raising my fifth recession red flag today based on the Census Bureau‘s May housing starts data. Housing starts showed a miss on the estimate but positive revisions. Housing starts came in at 1.549 million and housing permits came in at  1.695 million. Housing completion data did grow to 1.465 million and more of the […more]

Recession fears grow as Dow closes below 30,000 and mortgage rates spike

Jun 16, 2022 |

Financial markets shuddered Thursday as they adjusted to the Federal Reserve’s latest attempts to address inflation. The stock market fell sharply and mortgage rates continued to spike, ensuring that the central bank’s actions will be felt by investors and homebuyers across the United States. The two developments could prompt Americans to pause spending and lead […more]

This Powerful Hand Vac Is a Must-Have for Pet Owners (and on Major Sale!)

Jun 16, 2022 |

Make messes a thing of the past. READ MORE…

MBA nominates Lennar Mortgage’s Escobar as vice chair

Jun 16, 2022 |

The Mortgage Bankers Association (MBA) nominated Laura Escobar, president of Lennar Mortgage to serve as vice chair for the 2023 membership year.  Her term will begin in October, in which she will be sworn in at the association’s 109th annual convention in Nashville, Tennessee, the MBA said Wednesday.  Escobar’s background will ensure members’ “commitment to […more]

New York’s Floating Farmhouse Is a Delightfully Dreamy Retreat in the Catskills

Jun 16, 2022 |

Known as the floating farmhouse, a picture-perfect spread in the Catskills is now on the market for $2,875,000.