Archive for September, 2012


New surge in people applying for cheap home loans – Sun

South Floridians are contributing to a new surge in mortgage applications after the Federal Reserve committed to further lowering already historic low interest rates by buying mortgage securities. Indeed, some South Floridians lenders are dropping rates below the national average to encourage home loan applications. Miramar-based Tropical Financial Credit Union, for example, was offering Friday […]

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Freddie Mac Announces First Floating Rate K Certificates Offering Backed By Multifamily Mortgages

MCLEAN, Va., Sept. 27, 2012 /PRNewswire/ — Freddie Mac (FMCC) today announced its first offering of Structured Pass-Through Certificates (“K Certificates”) backed exclusively by LIBOR-based, floating rate multifamily mortgages with five- and seven-year terms. The company expects to offer approximately $1.1 billion in K Certificates (“K-F01 Certificates”), which are expected to price the week of October 1, […]

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Karina Ramírez: New business offers variety of teas, coffees

Sung Yub “Sam” Jung is at it again. Two years ago, Jung opened his restaurant and bar, J Sushi, in the Denton Crossing shopping center on Loop 288. Four months ago, the now 25-year-old opened Kaleo Cafe, a place that features bubble teas, traditional coffee and desserts. “I just want to bring new things to […]

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MGIC updates on Freddie Mac conditions

Fri Sep 28, 2012 8:50pm EDT (Reuters) – MGIC Investment Corp (MTG.N) said mortgage financier Freddie Mac (FMCC.OB) has reduced the capital the mortgage insurer will need to add to its main unit, MGIC, in order to continue writing insurance throughout the United States. Freddie Mac now requires the company to contribute $100 million, down […]

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US Judge Tosses Freddie Mac Lawsuit

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 accusing Freddie Mac […]

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Add curb appeal to your home with new exterior trim

(ARA) – When it comes to selling your home, curb appeal means everything. And nothing makes a worse initial impression than exterior trim that is peeling, cracked, rotted or falling apart. Replacing old or damaged exterior trim is a great way to freshen up your home today and make it stand out among others tomorrow. […]

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Home Sales Contracts Slip; Mortgage Rates Fall

Enlarge Paul J. Richards/AFP/Getty Images A home for sale and “under contract” is seen in Rockville, Md. The National Association of Realtors said its index of sales agreements dropped 2.6 percent last month. Paul J. Richards/AFP/Getty Images A home for sale and “under contract” is seen in Rockville, Md. The National Association of Realtors said […]

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Blueprint for a Housing Crash

Reviewed by Gene Epstein In his 2012 State of the Union Address, President Obama declared that the financial crisis of 2008, triggered by the collapse of the subprime mortgage market, was caused by “banks [that] had made huge bets…with other people’s money,” abuses that were allowed because “regulators had looked the other way, or didn’t […]

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Freddie Mac Announces the Issuance of New Seven-year Reference Notes® Security

Freddie Mac announced recently that it plans to issue a new seven-year USD Reference Notes® security, CUSIP number 3137EADM8, due on October 2, 2019. The issue will be priced on Friday, September 28, 2012, and will settle on Tuesday, October 2, 2012, at benchmark size. The new seven-year Reference Notes security will be offered via […]

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Realtors® Tapping in to Social Media to Connect with Buyers/Sellers

With so many geographic locales nationwide still suffering from housing woes, Realtors® are turning to social media in greater numbers to not only help generate sales, but for branding as well. The National Association of Realtors® reports that almost half of its members are now using social media; an additional 9 percent plan to in […]

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