Archive for November, 2012


NAR, Others Weigh-In on Mortgage Interest Deduction Debate as Fiscal Cliff …

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News Summary: US pending home sales soar

By By The Associated Press HOUSING DEMAND JUMPS: The National Association of Realtors said Thursday that its seasonally adjusted pending home sales index rose 5.2 percent to 104.8 in October. Steady job gains and record-low mortgage rates have made home buying more attractive. HIGHEST SINCE 2007: Excluding a few months when the index spiked because […]

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Prospect Mortgage Names Michael J. Williams, Former Fannie Mae CEO, As Chairman

SHERMAN OAKS, Calif., Nov. 29, 2012 /PRNewswire/ — Prospect Mortgage, LLC (“Prospect” or the “Company”), a leading home purchase lender, has announced the appointment of Michael J. Williams, the former President and CEO of Fannie Mae, as Chairman of its Board of Directors.  (Logo: http://photos.prnewswire.com/prnh/20090617/LA34214LOGO-b) “We have grown Prospect into a top-10 originator of home […]

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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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Freddie Mac Forgoes Issuing A Reference Notes® Security On Its November 29, 2012 Announcement Date

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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News Summary: Sales contracts to buy US homes jump to nearly a 6-year high …

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Pending Home Sales Rise in October

WASHINGTON, DC–(Marketwire – Nov 29, 2012) – Pending home sales rose strongly in October with mixed regional results, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, increased 5.2 percent to 104.8 in October from an upwardly revised 99.6 in September and is 13.2 percent […]

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Fannie Mae; PNC Investors’ Outlook; Dynamics; and Spreadshirt on “Our …

The Fateful History of Fannie Mae James Haggerty, a reporter for the Wall Street Journal based in Pittsburgh, has penned a new book on the history of Fannie Mae. Titled The Fateful History of Fannie Mae, the book chronicles the development of the mortgage giant in the 1938 New Deal era up until the present […]

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Fannie Mae sells $2 billion bills at lower rates

Wed Nov 28, 2012 9:57am EST Nov 28 (Reuters) – Fannie Mae, the largest U.S. home funding source, said on Wednesday it sold $2 billion of benchmark bills at lower interest rates compared with last week’s sale of similar maturities. Fannie Mae said it sold $1 billion of three-month bills due Feb. 27, 2013 at […]

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TEXT – Fitch affirms Fannie Mae and Freddie Mac’s ‘AAA’ ratings

Wed Nov 28, 2012 1:36pm EST

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