Fannie Mae & Freddie Mac In the News

February 17, 2014 News No Comments

Latest Real Estate News

Statistics are showing more buyer confidence. A January 2014 Housing Survey revealed:

52% of respondents thought it would be easy for them to get a home mortgage today
70% of respondents said they would buy if they were going to move

In other news today …

New Report Critical Of Fannie Mae And Freddie Mac Fee Collection

A report released Wednesday by the Federal Housing Finance Agency (FHFA) was critical of Fannie Mae and Freddie Mac’s collection of late fees. The report criticized the two for poor management of late fee collection, noting large sums of money either not being consistently collected or collected at all. »READ MORE

Bank Of America To Cut More Mortgage Jobs

Bank of America, the second-largest U.S. lender, is cutting 450 mortgage jobs from its West Coast Offices. The lending giant is reducing staff after new loans fell short of internal forecasts. In a report by Bloomberg, affected employees were told yesterday that workers involved in processing home loans would be let go. »READ MORE

Housing Inventory Continues Fall In January

January marks another decline in home inventory, according to a report issued by Redfin. With the caveat that “it is too soon to tell,” the brokerage did offer some optimism regarding inventory in coming months, revealing “Redfin agents report that most of their home selling clients are planning to list between March and May.” »READ MORE

Fannie Mae Increases Incentives To Purchase REO Properties

Fannie Mae announced Thursday that homebuyers can now receive up to 3.5 percent in closing cost assistance. The help is available within the FirstLook period of Fannie Mae’s HomePath properties in 27 states. The incentive will offer qualified buyers up to 3.5 percent of the final sales price to pay closing costs. »READ MORE

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Tags: fanniemae, Federal Housing Finance Agency, freddiemac, Mortgage loan, real estate, Redfin, San Diego, Wikipedia

4515 23rd Ave Missoula MT

February 17, 2014 No Comments

December Results Housing Pulse

February 1, 2014 No Comments

We called Sherry Fields on an affordable foreclosure in town, and to our surprise she offered to meet us on a Saturday morning to show it. It was one of many Saturdays, that she graciously spent with us on our search for “Home.” I’m sure it’s no surprise that on a small budget, our options were limited and not all that great. We tried to be realistic about what we could afford, and put offers in on several houses that did not pass inspections. After a year, and the third house that we walked away from, we knew we had exhausted not only ourselves, but our options as well. Sherry didn’t give up, though. Eventually, Sherry found us a real gem. A very large historic home in the heart of Stevensville; WELL within our budget as it was a foreclosure. . Sherry handled it all, with great skill and professionalism. The moment Sherry handed us our keys was a very proud one for us. . We simply cannot thank Sherry enough for her services! It goes without saying that if you are in the market for a home, you need only make one call.

Erin & Ritchie Farrar

We have worked with Sherry for just over a year now. She has patiently guided us in the right direction. When we first started looking we had no idea what we wanted just that we wanted a permanent home. Sherry helped us narrow the gap between what we wanted what would fit our lifestyle and what we could afford. As first time home buyers we could not have picked a better agent. We kind of went into the process blindly and Sherry pointed out all the things we should take note of along the way. Now we are moving into our first home and we are so excited. Thank you Sherry Hannah and Jesse Client February 18 2013

Hannah and Jesse

Sherry is so great! She helped my family find our first home. We couldn't be happier with Sherry and the work she did for us. Nov. 9 2012

Lara and John

We were very happy with the service Sherry provided. She was very knowledgeable about all aspects of our real estate transaction and made the purchase go smoothly. Sherry was also very helpful with referrals to retail stores, a veterinarian and contractors services for our new home.

John and Patricia

Pat and John

We would like to express our appreciation to Sherry Fields for the expert service we received while selling our home in Missoula.

We have sold other properties prior to this with other agents and were not nearly as satisfied. We highly recommend Sherry Fields with Berkshire Hathaway and would definitely have her as our agent in the future.

Judy Archie and John Harris

Judy Archie & John Harris