Fannie Mae: Housing starts to triple by 2013 to nearly 1.5 million

One more noted activist investor has finally announced why he owns nearly 10% of the common stock of both Fannie Mae and Freddie Mac. reported a loss attributable to common shareholders of $1.5.

Using the 80 percent loan-to-value ratio that is the Fannie Mae standard as the maximum for such loans, that would yield a total valuation in November 2014 of $57.1 million – an increase of 40 percent.

Despite the still fragile housing market, Fannie Mae expects housing starts to triple by 2013. According to the agency’s economic outlook, housing starts are predicted to increase 17.3% and hit 710,000 this year, with another 47% increase to 1.1 million in 2012 and another gain of 42% in 2013 to nearly 1.5 million.

According to a survey by Fannie Mae. the shortage of housing in numerous parts of the country has kept sales shy of what they could be. Yun says housing starts, now running at about 1 million a.

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Despite the still fragile housing market, Fannie Mae expects housing starts to triple by 2013. According to the agency’s economic outlook, housing starts are predicted to increase 17.3% and hit.

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As the GSEs became dominant, they nearly destroyed the housing. 31, 2013). [28] Mortgage-backed securities are investments whose value depends on a group of underlying mortgages. [29] James R..

Fannie Mae also expects mortgage rates will increase in 2011, but not substantially. "Fixed mortgage rates are projected to rise throughout the year, but to remain below 5.5% ," the report said. " Larger increases in mortgage rates without corresponding acceleration in job gains would pose a risk to the housing recovery.

Billionaire Hughes purchases thousands of homes to rent A California billionaire has been snapping up hundreds of homes in southern dallas county, including south dallas, snowballing into double-digit purch. In fact at one time, Hughes was the largest single owner of Tucson real estate.

He cited rising fees for Fannie Mae. Housing starts are forecast to hit 917,000 this year and reach 1.13 million in 2014, which is still well below the underlying demand of about 1.5 million..

During the later part of the Clinton Administration, HUD Secretary Andrew Cuomoannounced "new regulations to provide $2.4 trillion in mortgages for affordable housing for 28.1 million families, which increased the required percentage of mortgage loans for low- and moderate-income families that finance companies Fannie Mae and Freddie Mac must.