Seth Welborn

in Daily Dose, Featured, Government, News 1 day ago 176 Views The Consumer Financial Protection Bureau (Bureau) has issued two Notices of Proposed Rulemaking (NPRMs) to address the impending expiration of the Government-Sponsored Enterprises Patch (GSE Patch). The GSE Patch is scheduled to expire in January 2021 or when the GSEs (Fannie Mae and Freddie Mac) exit conservatorship, whichever comes first.

Foreclosure buyers are now more likely to be individuals purchasing a handful of homes each year rather than institutions scooping up dozens of properties each month, and that broader pool of buyers is ensuring a steady demand for distressed properties, even in stormy markets. “Forty years as an owner-occupant; one year as an investor,” said Houston-based Alan Goodwin, describing his experience in real estate.

in Daily Dose, Featured, Government, News 43 mins ago 11 Views The Federal Reserve Board recently released its Report on the Economic Well-Being of U.S. Households. The report provided results from the responses to the 2019 Survey of Household Economics and Decision making (SHED), as well as from responses to a follow-up survey conducted in April 2020. Surveyed items included income, employment, dealing with expenses, banking and credit, housing, education, and retirement.