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Government-backed corporation sees tremendous portfolio growth

Government-backed corporation sees tremendous portfolio growth

The mortgage portfolio of one of the largest government-backed lenders increased at an annual rate of over 14 percent in April. Freddie Mac, which buys mortgages and packages them into mortgage-backed securities, reported a 9.2 percent increase, the largest growth in...
New-home sales show growth, exceed expectations

New-home sales show growth, exceed expectations

Despite the COVID-19 health emergency, which triggered serious job loss and business closures, new-home sales exceeded expectations. In April, sales grew by 0.6 percent month over month, overcoming gloomy projections stirred by the pandemic. About 625,000 new homes...
What to expect during mortgage forbearance

What to expect during mortgage forbearance

During this challenging time of dealing with the COVID-19 health crisis, homeowners across the nation are hitting the pause button on their mortgage payments. Millions of Americans are taking advantage of the flexibility of a financial reprieve through a mortgage...
Homeownership rates hitting high levels

Homeownership rates hitting high levels

The rate of homeownership in the United States reached a seven-year peak in the first quarter of 2020, according to the Census Bureau. At a rate of 65.3 percent, the number of families and individuals owning homes has not been at this level since 2013. The rate of...
5 entertainment options while at home

5 entertainment options while at home

With a good chunk of the American population under stay-at-home orders during the COVID-19 (Coronavirus) crisis, many are adapting to new ways of life. Part of that is coming up with new ways to entertain yourself and your family in order to take your mind off things....