Posts Tagged ‘Origination News’

Half of Survey Respondents Want Energy Efficient Home

January 14th, 2012 Comments off

According to an October survey of 1,500 homeowners conducted byYahoo Real Estate, Origination News tells one-third of the respondents know someone who has been through foreclosure, and 51 percent say the federal government should do more to assist distressed borrowers. Twenty-seven percent said the government should do no more, and 22 percent had no opinion. While 43 percent believe the presidential election will have a significant impact on the housing market, 36 percent do not anticipate much effect. Although more respondents gave a slight edge to the Democrats over the Republicans in terms of improving the housing market, neither party won much confidence in actually trying to solve the problem. More than 90 percent said they are satisfied with their current living situation, but 27 percent said they are looking to purchase another home. Fully half of the respondents equate their dream home with having energy-saving materials and appliances, as “green” homes have become more of a status symbol than the McMansions.

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Report Calls for Change in New FHA Loan Limits

July 19th, 2011 Comments off

Origination News says a report by George Washington University’s Center for Real Estate and Urban Analysis suggests changes in the Federal Housing Administration’s (FHA) loan limits proposal. The plan to reduce the high end of (FHA) loan limits will not do much for low-income, first time, and minority buyers. Co-author of the report and former chief economist for Freddie Mac, Robert Van Order says, “In the wake of significant declines in home prices, we believe FHA could reduce its loan limits by approximately 50% and still almost entirely satisfy its target market. That would reduce its current large market share, which is difficult for FHA to manage.” The report suggests the minimum loan limit be $200,000, not the current $271,050. It also says down payment assistance programs for borrowers with no savings for a down payment or home repairs is bad public policy. The changes are set to take effect in October.

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