The housing bust induced a 41 percent drop in residential construction jobs between 2006 and 2011. 1 Fannie Mae’s Economic and Strategic Research (ESR) Group predicts that homebuilding activity will return to "normal" by 2016, with housing starts roughly doubling over the next four years. (See Brian Hughes-Cromwick’s and Orawin Velz’s recent FM Commentaries.)

Fannie Mae is making it easier for borrowers changing jobs to qualify for a home loan and document their income through an update in its employment offer policy. stability of income is an important aspect of any mortgage underwriting.

 · Developed by Fannie Mae, the URAR allows home appraisers to produce credible appraisals on existing and new construction homes. For new construction homes, appraisers can combine the URAR together.

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Alt-A, HELOCs Proving Problematic; Are Prime Jumbos Next? Similar to a home equity loan, a HELOC is a second mortgage secured by the real estate as collateral. Unlike a home equity loan, a HELOC is a line of credit that may be used in part or in total. Furthermore, a HELOC may be repaid and then reused as long as the line is open. HELOCs typically have variable interest rates.

Fannie Mae serves the people who house America. We are a leading source of financing for mortgage lenders and our financing makes sustainable homeownership and workforce rental housing a reality for millions of Americans.

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 · There are some favorable signs that a housing recovery is under way, Fannie Mae said. Homebuilder confidence reached its highest level in five years in May.

Fannie Mae’s own research indicates that an inadequate level of new housing construction relative to the pace of job growth and underlying demand has contributed to strong home price appreciation and ongoing affordability challenges for first-time and move-up homebuyers. Single-family (one-to-four

The debt crisis in Greece still. jobs this year – less than last year, but still what Fannie Mae calls a "solid" number. On the housing-related front, residential construction employment dropped.

Fannie Mae serves the people who house America. We are a leading source of financing for mortgage lenders and our financing makes sustainable homeownership and workforce rental housing a reality for millions of Americans.

Residential construction workers took the hardest hit during the downturn, and a new study from Fannie Mae shows it will be years before a return to. fannie mae: home construction jobs still.