Team Thayer Property Servicing

Freddie Mac 's net income soared for the second quarter of 2015, totaling $4.2 billion—nearly nine times the GSE's Q1 net income of $524 million, according to an  announcement from Freddie Mac  on Tuesday. Also for Q2, Freddie Mac reported $3.9 billion in comprehensive income, a five-fold increase from Q1's total of $746 million. With the inclusion of September 2015's Dividend Obligation of $3.9 billion, Freddie Mac will have returned $96.5 billion to taxpayers, about $25.2 billion more than the $71.3 billion Freddie Mac received in a bailout from Treasury in 2008. Q2 was the 15th consecutive quarter of profitability for Freddie Mac, which became profitable again in Q4 2011, a little more than three years after the bailout. "Our very solid financial results show that Freddie Mac, while in conservatorship, is building a strong operating business model that represents taxpayers well and is efficiently serving U.S. homebuyers and renters. We continue to inve...

Fannie Mae's Economic, Strategic & Research Group  has pointed out on multiple occasions that housing market growth has been slowed by tepid growth of household income. In a  new analysis released Monday , the Fannie Mae ESR Group announced that homeowners underestimating their home equity may also be a factor in weighing down housing markets. The commentary was written by Steve Deggendorf, Director of Business Strategy for Fannie Mae's ESR Group, and Professor James A. Wilcox of the Haas School of Business, University of California, Berkley. The  National Housing Survey  from Fannie Mae contains data that suggests that homeowners who are underestimating how much equity they have in their homes may also be underestimating in other areas, such as how large of a downpayment they could make with that equity; their chances of qualifying for a mortgage, assuming they need a large downpayment; and their opportunities for selling their house and buying another...

The GDP growth rate in the first quarter, which was reported to be an annual rate of minus 0.2 percent in the  BEA's third and final estimate released in late June , was revised upwardly and reported on Thursday to be 0.6 percent. "These results are in line with years past when we have had a very weak first quarters followed by more normal second quarters," said Mark Fleming, Chief Economist with First American. "The quarter-over-quarter jump isn't a signal of rebounding, but is simply a return to more normal rates of growth. The 2.3 percent rate for the second quarter is probably in line with where we will land at the end of the year—2.3 percent for 2015." The Q2 increase in real GDP reflected "positive contributions from personal consumption expenditures (PCE), exports, state and local government spending, and residential fixed investment that were partly offset by negative contributions from federal government spending, private inventory in...

The  J.D. Power   2015 U.S. Primary Mortgage Servicer Satisfaction study  released Thursday found that servicers are spending too much time and resources focusing on at-risk customers, negatively impacting satisfaction for the majority of their customers. "While servicers must be prepared to work within the confines of industry regulations, they must also effectively satisfy customers whose expectations regarding technology and personal service are rapidly changing," the survey said. "To meet these challenges and remain competitive, mortgage servicers need to understand and implement key best practices that have the greatest potential to reduce or prevent problems, contain costs, and create positive customer experiences that improve brand perceptions and minimize oversight risk." At-risk customers, those that J.D. Power defines currently behind in their mortgage payments or concerned about keeping current during the next year, represent only 15 percent o...

While much has been written and said in the last two weeks on the fifth anniversary of the passing of Dodd-Frank into law,  HUD  is celebrating an anniversary of its own on Tuesday. July 28 marks exactly one year since former San Antonio mayor Julián Castro was sworn in as HUD secretary, succeeding Shaun Donovan. In addition to celebrating Castro's one-year anniversary as HUD secretary, HUD will commemorate the 50th anniversary of its founding on September 9. During his first year as the nation's top housing official, Castro has made several policy changes with the intent of increasing opportunity for more Americans to obtain affordable, sustainable housing. Several of those changes are outlined in an announcement from HUD on Monday titled " Year of Progress: Delivering on the Promise of Opportunity ." "We recognize housing as a platform for Americans who are striving to improve their lives and break the cycle of poverty for the next generation," H...

Freddie Mac 's total mortgage portfolio expanded at an annualized rate of 2.8 percent in June, marking the fifth consecutive month and the 10th time in the last 12 months the portfolio has grown, according to  Freddie Mac's June 2015 Monthly Volume Summary  released on Wednesday. The serious delinquency rate on Freddie Mac-backed single-family residential mortgage loans fell by another 5 basis points from May to June, down to 1.53 percent–virtually the same as the 1.52 percent serious delinquency rate reported for Freddie Mac-guaranteed loans in November 2008 at the start of the financial crisis. Freddie Mac's serious delinquency rate was less than half of the nationwide rate reported by CoreLogic for May, which was 3.5 percent. The number of homeowners who received permanent loan modifications totaled 4,895 for June, a slight increase from 5,490 in May. With 30,312 modifications for the first half of 2015, Freddie Mac is averaging 5,052 modifications per month. Thi...

New Bank Foreclosure to be listed tomorrow. 902 S 59th Springfield Or. Huge 4 bed 2 bath manufactured on land with a full studio apartment over a large shop. Only $114k!!! Call Justin Thayer @ 541-543-7287 Find out more information about buying foreclosure properties. Click the TeamThayer.com link below. www.teamthayer.com

Foreclosure starts rose for the first time in eight months....  in May, but there is still reason to be optimistic about the United States housing market, according to the latest Mortgage Monitor Report of the latest available data released by Black Knight Financial Services. The report indicated that foreclosure starts nationwide rose by 9.5 percent. The rise in May reverses the eight month trend of continuing decline in starts. However, the outlook for the housing market is still trending upward compared to years past and Black Knight cautioned against reading too much into the backwards step. "While foreclosure starts did rise over 9 percent in May, it's important to remember the historical trend is still one of improvement," said Kostya Gradushy, Black Knight's manager of Loan Data and Customer Analytics. "On a year-over-year basis, January through May foreclosure starts were still down 32 percent, and we are still looking at the lowest level of foreclo...

Real Estate is similar to most other industries in that your professional must be licensed in the state they are doing business, so how can your friend or family member who may be over 2,000 miles across the country help you find an ethical, trust-worthy agent to represent your best interest? The answer is easy! Ask for a referral. We all want to do 'good business'. Part of good business is trusting who those close to us have trusted in the past. Most agents take referrals very seriously. We work hard and strive to pro-actively build a strong network of agents across the country and around the globe. We know we live in a mobile society and we can't be bound to just one geographic location, but we also can't realistically be licensed and service everyone in every state.  Here at the Greenleaf-Elving Group, we dedicate several hours each week just to agent outreach and networking. When we travel, we reserve time to meet the agents and office managers in that...

Before deciding on a price to list your home, let's debunk a few myths:   Myth:  ouY should always ask more than market value to leave room for negotiations. Courtesy of Top Producer The fact is, neither you or the buyer determine the selling price of your home. The market determines that. If you overprice, and you're fortunate enough to even get someone to consider your home for purchase, they and their agent will likely come back and offer a price based on fair market value plus or minus any special adjustments.  The idea from the start is not to scare potential buyers away by having a house priced above what the market says is fair. Myth : Pricing high will help bring in more well-qualified, affluent buyers. Courtesy of Top Producer On the contrary, it is financial nonsense to pay more than fair market value for anything. Even if the buyer is paying cash, wise buyers will always have a formal appraisal to determine the actual market value. ...