Archive for October, 2012


TANYA HAWKINS AWARDED CERTIFIED RESIDENTIAL SPECIALIST …

  TANYA HAWKINS AWARDED CERTIFIED RESIDENTIAL SPECIALIST DESIGNATION BY THE COUNCIL OF RESIDENTIAL SPECIALISTS   Honolulu – Tanya Hawkins (RA) has been awarded the prestigious Certified Residential Specialist (CRS) Designation by the Council of Residential Specialists, the largest not-for-profit affiliate of the National Association of Realtors®.   Realtors who receive the CRS Designation have completed advanced […]

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Storm May Prompt Mortgage Relief

By Alan Zibel Homeowners dealing with the devastation of Sandy may be eligible for a temporary break on their mortgage payments from Fannie Mae and Freddie Mac . The government-controlled mortgage finance giants said Tuesday that mortgage companies that collect payments for them can give breaks to homeowners affected by the storm. The aid will […]

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The Maddening Reason Freddie Mac Failed To Refinance Millions of …

At the time, my office was trying to negotiate a global deal with the New York Stock Exchange, headed by Dick Grasso, the SEC, headed by Harvey Pitt, and the NASD, headed by Glauber. At a late night negotiating session, I demanded an end to all spinning. Glauber and the others were vehement that CEOs be […]

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Freddie Mac to help mortgage holders

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Sandy could have muted impact on housing markets

(MoneyWatch) Superstorm Sandy’s impact on individual homeowners may be severe, but broader real estate markets battered by the cyclone could recover quickly. “We often see temporary disruptions in sales closings from major weather events that sometimes cause a dip in monthly regional sales, followed by a bounce the following month or two with no impact […]

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Pending Home Sales Rise Slightly

(MCT)–Signed contracts to buy previously owned homes rose in September, but not by much, according to a trade group report. Pending sales inched up 0.3 percent to 99.5 from 99.2 in August, according to an index of pending sales from the National Association of Realtors. Contracts had hit a two-year high of 101.9 in July […]

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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, failed to pay transfer taxes to Miami-Dade County, Florida, when they took ownership and sold thousands of foreclosed properties, the county alleges. Harvey Ruvin, clerk of the courts for Miami-Dade County, sued the mortgage finance companies in federal court in Miami yesterday […]

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Freddie Mac’s ‘Omniscient Gnomes’ Led the Company Astray: Echoes

For me, a magazine advertisement in 1984 explains where it all went wrong. In a bizarre ad in the American Bankers Association journal, the chief financial officer of Freddie Mac, Leland Brendsel, appears to be consulting with gnomes on how to oversee America’s mortgage- backed securities markets. According to the advertisement, “the gnomes of the […]

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Borrowers hit by Sandy may get relief

Want to see how this story relates to your portfolio? Just add items to create a portfolio now: Add Create Portfolio or Cancel Already have a portfolio? Log In By Ronald D. Orol, MarketWatch WASHINGTON(MarketWatch) — Government-seized housing giants Fannie Mae and Freddie Mac on Tuesday outlined relief options for borrowers with homes damaged or […]

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Case-Shiller Home Prices Increase 2% Year-over-Year in August 2012

Written by Steven Hansen The non-seasonally adjusted Case-Shiller home price index (20 cities) for August 2012 (released today) showed the third year-over-year gain in housing prices since the end of the housing stimulus in 2010. Home prices increased 0.9% month-over-month – the third month-over-month increase in a row However, home prices increased year-over-year 2.0% (versus […]

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