Consumers Well-Attuned to the Housing Market: National Housing Survey Results Reflect Current Market Conditions and Concerns
“Many a times, the developer has the title to the plot of land and takes a loan from the financial institution to fund the construction of the housing project. In that case, the land and its original documents are kept as mortgage with the bank against the loan,” he says. The bank then issues a no-objection certificate to the developer for the sale of flats in the project to recover its loan. “All the clauses are mentioned in the agreement the buyer signs with the developer. One must read all the clauses at the time of booking the property,” he adds.
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Interviews were conducted by Penn Schoen Berland, in coordination with Fannie Mae. Opinions, analyses, estimates, forecasts, and other views of Fannie Mae’s Economic & Strategic Research (ESR) Group included in these materials should not be construed as indicating Fannie Mae’s business prospects or expected results, are based on a number of assumptions, and are subject to change without notice. How this information affects Fannie Mae will depend on many factors. Although the ESR Group bases its opinions, analyses, estimates, forecasts, and other views on information it considers reliable, it does not guarantee that the information provided in these materials is accurate, current, or suitable for any particular purpose.
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Housing plan may be Jeb Hensarling’s headache
Hensarling appears to be aware of the headache a centrist bill could create. Earlier this year, Fincher was prepared to co-sponsor a bill with Carney that would have taken the Corker-Warner approach but opted not to, for now, at Hensarlings request, according to sources. I think that if [Democrats] attract a number of Republicans, it shows the difficulty of Hensarlings strategy, which is get the most conservative bill official site through now, knowing that he would have to negotiate later, said Brian Gardner, an analyst with Keefe, Bruyette & Woods. I think thats a sound strategy, but I think its proving to be more difficult than he probably thought early on. A Carney aide confirmed that the congressman is working on legislation that would take a similar approach to Corker-Warner but declined to say with which lawmakers he is negotiating or provide more specifics about the proposal. Hensarlings plan has already faced opposition from some members of his own party out of concerns that the approach would force the housing market to rely too heavily on private investors, which they worry could make home loans more expensive, in order to reduce taxpayer exposure.
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