Archive for October, 2012


Fannie makes deal with insurers to help homeowners

By Ronald D. Orol, MarketWatch WASHINGTON (MarketWatch) — Government-seized housing finance giants Fannie Mae and Freddie Mac said Wednesday that they have reached deals with nine mortgage insurers that could help distressed borrowers avoid foreclosure. Specifically, the two firms reached deals with mortgager insurers that would allow mortgage servicers, which collect payments from borrowers for […]

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MGIC Reaches Preliminary Freddie Mac Agreement

MGIC Investment Corp. (MTG), the mortgage insurer that breached regulatory capital limits, reached a preliminary deal with Freddie Mac to resolve a coverage dispute that threatened to prevent the firm from backing some loans. MGIC will make payments to Freddie Mac over four years under the arrangement, which requires approval from boards of both firms, […]

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MGIC In Preliminary Deal With Freddie Mac To Settle Pool Insurance Dispute

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Colorado Housing Market Continuing to Improve

ENGLEWOOD, Colo. — The number of single family homes, condominiums and town homes sold during the third quarter of 2012, taken together, increased compared to the same quarter in 2011, and median home prices statewide rose, according to the latest information included in the Colorado Association of REALTORS® (CAR) Quarterly Market Statistical Reports. For Colorado […]

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ADP "Cancels" 365,000 Private Jobs Created In 2012

Frequent readers know that in addition of any “data” and “numbers” out of Larry Yun’s National Association of Realtors, which we openly boycott as these are consistently manipulated (recall the massive historical December 2011 revision), slanted and conflicted, the second dataset which we have mocked with a passion is anything coming out of the ADP, […]

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Bank Of America Employees May Face Fraud Charges In New Lawsuit

* U.S. says bank caused taxpayers $1 billion in losses * Bank acted to resolve mortgage problems -BofA spokesman * BofA sold toxic mortgage loans to Fannie, Freddie -U.S. By Grant McCool NEW YORK, Oct 25 (Reuters) – Bank of America Corp employees could face civil fraud charges as part of a federal lawsuit accusing […]

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Centerline Capital Group Refinances a Multifamily Property in Broward, Florida

– Total funding equals $5.2 million – New York, NY – October 30, 2012 – Centerline Capital Group (“Centerline”), a provider of real estate financial and asset management services for affordable and conventional multifamily housing, and a subsidiary of Centerline Holding Company (OTC: CLNH), announced today it has provided a Fannie Mae loan totaling $5.2 […]

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Fannie, Freddie Sued in Florida Over Transfer Taxes

Fannie Mae and Freddie Mac, the home mortgage-finance companies now under government control, were accused by Miami-Dade County, Florida, of failing to pay transfer taxes when they took ownership and sold thousands of foreclosed properties. Harvey Ruvin, clerk of the courts for Miami-Dade County, sued the mortgage finance companies in federal court in Miami Oct. […]

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Freddie Mac Short Sale Agent Kris Lindahl Publishes Information On The 2007 …

<!– end javascript to email the article –>  PR Web (PRWEB) October 30, 2012 “The 2007 Mortgage Relief Debt Act will expire on December 31, 2012, and a short sale completed after that date will cost homeowners tens of thousands of dollars in additional taxes,” explains Kris Lindahl, who is an experienced Freddie Mac […]

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Freddie Mac Extends Mortgage Relief To Borrowers Affected By Hurricane Sandy

U.S. stock markets to reopen on Wednesday after stormReuters Major U.S. stock exchanges expect to reopen on Wednesday after Sandy, the worst storm to hit New York in nearly …

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