Archive for August, 2012


County Prosecutor Bill Mason files lawsuit against Freddie Mac for $1.1 …

View full sizeMarvin Fong, Plain Dealer file Cuyahoga County Prosecutor Bill Mason: Suing Freddie Mac and its parent agency. CLEVELAND, Ohio — The Cuyahoga County Prosecutor’s Office is suing Freddie Mac and its regulating agency, the Federal Housing Finance Agency, for $1.1 million in unpaid real estate transfer taxes, according to a news release from […]

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Fannie Mae, Freddie Mac Guarantee Fees Increased by Regulator

Fannie Mae and Freddie Mac, the U.S.-owned mortgage-finance companies, will raise by an average of 10 basis points the fees they charge lenders to guarantee loans, the Federal Housing Finance Agency said today. FHFA Acting Director Edward J. DeMarco sought the fee increase to boost fiscal stability at the government-sponsored enterprises and shrink their footprint […]

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AP National News Calendar

Eds: Major scheduled events for September. Note that many events, especially court appearances, are subject to change at the last minute. The following economic reports will be issued in Washington (all times EST): SATURDAY, Sept. 1: No events of note. ___ SUNDAY, SEPT. 2: No events of note. ___ MONDAY, SEPT. 3: President Barack Obama […]

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Home Sales Agreements Hit A 2-Year High

Enlarge Justin Sullivan/Getty Images A sold sign stands in front of a home in San Francisco. The National Association of Realtors’ index of sales agreements was 12.4 percent higher last month than in July 2011. Justin Sullivan/Getty Images A sold sign stands in front of a home in San Francisco. The National Association of Realtors’ […]

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MBA Reports That Commercial and Multifamily Mortgage Delinquency Rates …

(Source: MBA) – Commercial and multifamily mortgage delinquency rates continued to drop for banks and rise for commercial mortgage backed securities (CMBS) during the second quarter of 2012. Delinquency rates also declined for Fannie Mae during the second quarter, and increased by 0.01 percentage points for life companies and 0.04 percentage points for Freddie Mac […]

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Fifth Third Bank Receives Highest Ranking in Servicing Performance from …

Fifth Third Bank (Nasdaq: FITB) received the highest ranking among its peers in servicing performance in Fannie Mae’s 2011 Servicer Total Achievement and RewardsTM (STARTM) Program. Fifth Third received a three star designation and the highest composite score for its foreclosure prevention efforts under the 2011 STAR Program among Fannie Mae-mortgage servicers rated. “Fifth Third […]

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Fannie Mae Executives Get Securities Lawsuits Narrowed

A lawsuit alleging ex-Fannie Mae (FNMA) Chief Executive Officer Daniel Mudd and other former officials misled investors about the company’s exposure to subprime and Alt-A mortgages was narrowed by a federal judge in New York. Investors who bought Fannie Mae shares from November 2006 to September 2008, including a Massachusetts pension board, sued the company […]

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Fifth Third Bank Receives Highest Ranking in Servicing Performance from Fannie Mae

CINCINNATI–(BUSINESS WIRE)– Fifth Third Bank (FITB) received the highest ranking among its peers in servicing performance in Fannie Mae’s 2011 Servicer Total Achievement and RewardsTM (STARTM) Program. Fifth Third received a three star designation and the highest composite score for its foreclosure prevention efforts under the 2011 STAR Program among Fannie Mae-mortgage servicers rated. “Fifth […]

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Freddie Mac Text: Mtg Survey: 30Y Fixed Avg 3.59% Aug 30 Wk

WASHINGTON (MNI) – The following is the text of the latest Freddie Mac Primary Mortgage Market Survey released Thursday: — Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS ), showing fixed mortgage rates pulling back and following bond yields lower after gradually moving higher over the past month. […]

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Freddie Mac: U.S. Mortgage Rates Down Over Past Week

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