Archive for November, 2012


US judge says FHFA cases against banks can proceed

The FHFA, which regulates Fannie and Freddie, last year sued 18 banks over the housing finance giants’ losses on more than $200 billion in mortgage-backed securities. The lawsuits accuse the banks of misrepresenting the quality of the loans underlying the securities and violating U.S. securities laws. The banks have denied the regulator’s allegations and argued […]

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Zurich to Return to Force-Placed Market Under Fannie Mae Plan: Sources

Zurich Insurance re-enters the force-placed market for the first time since 2008. Insurance Networking News, November 29, 2012 Jeff Horwitz Fannie Mae has lined up Swiss giant Zurich Insurance Group in its bid to lower force-placed premiums, increase competition and cut banks out of commissions on insuring its portfolio, four people familiar with the plan […]

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Maximum Conforming Loan Limits for Fannie Mae and Freddie Mac to Remain …

<!– end javascript to email the article –>  Targeted News Service WASHINGTON, Nov. 29 — Federal Housing Finance Agency issued the following news release: The Federal Housing Finance Agency (FHFA) today announced that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2013 will remain at existing levels. […]

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Jeb Hensarling, Maxine Waters To Put Focus On Mortgage Finance Reform

WASHINGTON, Nov 29 (Reuters) – Jeb Hensarling and Maxine Waters are about as far apart politically as two U.S. lawmakers can get. But there is one thing they have in common, other than sharp tongues: They care deeply about the government’s role in housing and how home loans should be financed. That’s where the common […]

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Mortgage rates level off near record low, Freddie Mac says

Mortgage interest rates edged up a hair from their record lows this week, with lenders offering the 30-year fixed loan at an average of 3.32%, Freddie Mac said in its latest survey. Borrowers would have paid an average of 0.8% of the loan amount in upfront lender fees and discount points to obtain the rate, […]

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US Commercial Real Estate Market Improving

The National Association of Realtors (NAR) is giving a thumbs up for improved fundamentals in the U.S. commercial property market. The positive marks are predicated on the avoidance of the fiscal cliff and modest job creation that many hope will come with the recovering economy. Vacancy rates are expected to decline while build rates should […]

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Pending home sales rise, beating expectations

LOS ANGELES (Reuters) – Michael Jackson’s father, Joe Jackson, has suffered a stroke but is OK and resting in a Las Vegas hospital, a family friend said on Thursday. “He was doing well and says he’s feeling OK,” close family friend Brian Oxman told Reuters. Oxman, Michael Jackson’s one-time attorney, said the 83-year-old patriarch of […]

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Another Day in Court, Another Loss for Big Banks

Recs 3 By Robert Eberhard More Articles November 29, 2012 Comments (0) Watch stocks you care about The single, easiest way to keep track of all the stocks that matter… Your own personalized stock watchlist! It’s a 100% FREE Motley Fool service… Click Here Now In the latest news out of the “federal government suing […]

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Freddie Mac Forgoes Issuing A Reference Notes® Security On Its November 29 …

MCLEAN, Va., Nov. 29, 2012 — /PRNewswire/ — Freddie Mac (OTC: FMCC) announced today that it will forego issuing a Reference Notes® security on its November 29, 2012 announcement date.  The company’s 2012 Reference Notes calendar designates dates that it may use to announce the issuance of Reference Notes securities.  This announcement is not an offer […]

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Mortgage Rates Virtually Unchanged

Wall Street ends higher after swings on ‘fiscal cliff’Reuters Stocks finished higher on Thursday as investors bought on sporadic dips in a market roiled by conflicting comments …

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