NAR Statement on Actions to Stabilize The Secondary Mortgage Market
Posted by: admin, in Austin Real Estate Market Conditions, Real Estate InfoNAR Statement on Actions to Stabilize The Secondary Mortgage Market
WASHINGTON, September 08, 2008
The following is a statement by National Association of Realtors® President Richard F. Gaylord:
“I commend Treasury Secretary Paulson and Federal Housing Finance Agency Director Lockhart for their bold actions to bring stability and continued liquidity to the nation’s mortgage market. Fannie Mae and Freddie Mac have always played a vital role in the U.S. economy by making fair and affordable mortgage loans available for home buyers and owners. Their critical mission must not be interrupted, and Sunday’s announcement goes a long way in making sure that does not happen.
“NAR believes that the announced plan will help restore confidence in the secondary mortgage market. We appreciate the steps taken to calm the market, make mortgages more widely available and protect taxpayers. This demonstrates that the government is clearly committed to keeping the flow of capital uninterrupted, which is crucial to the housing sector and the economy.
“We look forward to working with the administration and Congress to ensure the continued vibrancy of the secondary mortgage market.”
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November 14th, 2008 at 1:48 am
I dont know where Realty Trac is getting today’s numbers but they are down, down, down month over month and only a 25% increase november to november… the rest of the year has been 100%.
These recent foreclosure numbers, plus the National Association of Realtors Existing Home Sales and Pending Home Sales reports for the last two months show that housing markets may be stabilizing. You can’t call a bottom with two months of data, but we are absolutely headed in the right direction,
There definitely are a lot of ways to see this… I see opportunity.
July 5th, 2009 at 2:32 pm
Thank you for your help!