Archive for September, 2012


Higher mortgage fees proposed for Illinois, 4 other states

Illinois homebuyers may start paying the price for the lengthy amount of time it takes to foreclose on a home in the state. The Federal Housing Finance Agency is seeking to increase the guarantee fees that Fannie Mae and Freddie Mac charge for mortgages they acquire in five states — Illinois, Florida, Connecticut, New Jersey […]

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Judge tosses shareholder suit accusing Freddie Mac of securities fraud for understating risk

Analysis: As fiscal cliff nears, markets ponder a rougher ride NEW YORK (Reuters) – When it comes to deficit reduction, many investors would rather Congress “kick the can down …

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Leigh Anne Losh Accepted in the CRB Management Certification Program

<!–Saxotech Paragraph Count: 7–> Leigh Anne Losh Accepted in the CRB Management Certification Program STAUNTON — Leigh Anne Losh, a Staunton member of Help-U-Sell Direct Savings Real Estate, has been accepted as a Candidate in the nationally recognized CRB, (Certified Real Estate Brokerage Manager) Management Certification Program. Losh said, ”Help-U-Sell Direct Savings Real Estate has […]

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US judge tosses lawsuit against Freddie Mac

WASHINGTON (AP) — A federal judge has tossed out a lawsuit against Freddie Mac that accused the mortgage giant and three top executives of understating the level of risky mortgages the company held before the housing bubble burst. U.S. District Judge John Keenan in New York City dismissed the class-action suit filed by several shareholders […]

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Freddie Mac wins dismissal of shareholder lawsuit

A nation inured to wanton murder was nevertheless shocked by this one: In November 2010, a group of four young men milling about as a party ended attacked another teen, randomly picking him as the victim of their vicious assault. Bobby Tillman, 18, did nothing to provoke his assailants to knock him to the ground […]

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More from Business

Real estate broker Gary Thomas believed he could make a difference. And for over more than two decades, he did. By applying his powers of “strategic thinking,” the Mission Viejo Realtor helped streamline his profession, consolidating a balkanized collection of small associations and listing services into bigger, more efficient groups. He formed for-profit business units […]

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Freddie Mac wins dismissal of shareholder lawsuit

By Jonathan Stempel Wed Sep 26, 2012 9:08pm EDT (Reuters) – A federal judge has again dismissed a lawsuit accusing Freddie Mac of misleading shareholders by understating its subprime mortgage exposure and overstating its capital strength ahead of the 2008 financial crisis. U.S. District Judge John Keenan in Manhattan said the allegations made in an […]

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Freddie Mac Wins Dismissal of Securities Fraud Lawsuit

Freddie Mac won’t have to face a lawsuit filed by investors accusing it of misrepresenting the state of its finances in 2007 and 2008, a federal judge ruled. The investors failed to supply enough evidence that the McLean, Virginia-based mortgage-finance company and some of its senior managers intended to defraud them, U.S. District Judge John […]

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Local Realtor achieves national recognition

KOMAR Raymond Komar, broker/owner of Komar Real Estate in Camarillo has been awarded the Seniors Real Estate Specialist (SRES) designation by the Seniors Real Estate Specialist Council of the National Association Of Realtors (NAR). Komar is one of only 16,000 real estate professionals in North America who have earned the SRES designation. All were required […]

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Fannie Mae Releases August 2012 Monthly Summary

WASHINGTON, Sept. 28, 2012 — /PRNewswire/ — Fannie Mae’s (OTC Bulletin Board: FNMA) August 2012 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae’s monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, serious delinquency rates, and loan modifications. Fannie Mae exists […]

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