Archive for July, 2012


Fannie Mae Announces Numerous Servicing Policy Changes; ULDD Mandate Takes Effect

On July 25, Fannie Mae issued Servicing Guide Announcement SVC-2012-12, which provides notice of miscellaneous changes to the Fannie Mae Servicing Guide related to (i) the MERS Rule 14 Notice, (ii) approved title company requirements for certain states, and (iii) allowable attorney fees. With respect to the MERS Rule 14 notice, servicers will now be […]

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School board member prepares plan for unpaid money – WALB

ALBANY, GA – Dougherty County school board member David Maschke is asking the board and administration to take action in getting overpaid monies back from an Albany contractor. Maschke has a three step recommendation that he plans on presenting to the board to recover more than $11,000 from Darrell Sabbs and Associates. He says Sabbs […]

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Freddie Mac says 30-year fixed mortgage plunges below 3.5%

The typical rate on a 30-year fixed mortgage tumbled below 3.5% for the first time this week, Freddie Mac said — the latest record low in a trend that has fired up refinancings but done little to ignite housing demand. Freddie Mac’s weekly survey of what lenders are offering to rock-solid borrowers showed the 30-year […]

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Data Show Fannie, Freddie Savings From Debt Forgiveness

By NICK TIMIRAOS As the regulator for Fannie Mae and Freddie Mac nears its decision on whether to approve debt forgiveness for troubled borrowers, a new analysis by the regulator suggests that taxpayers could actually benefit from the move, according to people briefed on the findings. Fannie and Freddie could save about $3.6 billion more […]

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Miami Property Market Is Hot, Hot, Hot

The Miami Association of Realtors reports that home sales and prices are up throughout Miami-Dade County, driven in part by foreign investors looking for a value-added position in the U.S. residential real estate market. Association analysts say U.S. buyers looking for vacation homes and retirees are also contributing to the market’s continued growth, which is […]

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InvestorPlace.com Highlights Most Affordable and Expensive Housing Markets in the U.S.

InvestorPlace.com editor Jeff Reeves breaks down the cheapest, most expensive and most volatile housing markets in the country, complete with year-over-year price change and median price statistics for each market. Rockville, Md. (PRWEB) July 30, 2012 Using data from the National Association of Realtors (NAR) through the first quarter of 2012, InvestorPlace.com editor Jeff Reeves […]

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Realtors are encouraged by the rise in housing production

Realtors welcomed recent news of a nationwide increase in housing production and rise in builder confidence. These are additional indicators that the market is improving, according to the Silicon Valley Association of Realtors. The National Association of Home Builders said recently released data showed nationwide housing production rose by 6.9 percent to a seasonally adjusted […]

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Fannie Mae Cuts 2012 GDP Growth Forecast

Fannie Mae has cut its U.S. gross domestic product growth projection for the year, citing an uncertain job market and weak consumer spending. The mortgage-finance company said GDP growth would be 2%, down from its earlier estimate of 2.2%. “The data from the past month collectively point to decelerating economic growth, but growth nonetheless,” Chief […]

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Former D.A. Hodges wants county to join federal suit

ALBANY, GA – An Atlanta attorney is asking Dougherty County Commissioners to be the first in Georgia to join a class action lawsuit against Freddie Mac and Fannie Mae. Former Dougherty County District Attorney Ken Hodges says lawyers have already brought this action in Michigan and they’re looking for counties in Georgia get on board, […]

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Fannie Mae to sell $2.0 bln in bills on Wednesday

July 30 | Mon Jul 30, 2012 10:56am EDT July 30 (Reuters) – Fannie Mae, the largest U.S. home funding source, said on Monday it will sell $2 billion in bills on Wednesday. The sale includes $1 billion of three-month bills due Oct. 31, 2012, and $1 billion of six-month bills due Jan. 30, 2013. […]

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