Team Thayer Property Servicing

From DS News: Consumer attitudes toward the real estate market slid down in August due to economic concerns, Fannie Mae  reported in its newly-launched  Home Purchase Sentiment Index  (HPSI). In August 2015, the HPSI fell 0.5 points from July to 80.8, Fannie Mae said. The sentiment level is also down from the peak reached in June 2015 of 84.7 and the index is up 5.3 points from August 2014. “Consumer attitudes toward the current home selling climate have slid back to their April 2015 level, contributing to a slight decline in the August HPSI reading relative to its four-year high, reached two months ago,” said Doug Duncan, SVP and chief economist at Fannie Mae. “Expectations of rising mortgage rates and increasing concerns in the last six months about the direction of the economy seem to be weighing on consumers’ assessment of the housing market." "Expectations of rising mortgage rates and increasing concerns in the last six months abo...

according to  Freddie Mac's May 2015 Monthly Volume Summary . May's expansion marked the eighth time in the last nine months the portfolio has expanded. The only month in that time frame the portfolio did not grow was in January, when it contracted at an annualized rate of 0.8 percent. Year-to-date for the first five months of 2015, the portfolio has expanded at an average annualized rate of 1.2 percent. The balance of Freddie Mac's total mortgage portfolio has grown from $1.898 trillion up to $1.919 trillion since August 2014. Though the portfolio has seen expansion in eight of the last nine months, May was only the 16th time in the last 65 months that the portfolio has expanded dating back to January 2010. The number of homeowners who received permanent loan modifications totaled 5,490 for May, a slight increase from 5,306 in April. With 25,417 modifications to date in 2015, Freddie Mac is averaging 5,083 modifications per month. An average of 5,596 permanent lo...