Archive for January, 2013


Gary Thomas, National Association of Realtors President, Swears That He is Broke

The National Association of Realtors president, who resides in Mission Viejo, is denying allegations he and his two sons fraudulently pulled nearly $580,000 out of their South County real estate company before seeking bankruptcy protection. “Exhibit A,” as far as Gary Thomas is concerned, would be his having lost his Coto de Caza home in […]

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Gary Thomas, National Association of Realtors President, Swears That He is Broke

The National Association of Realtors president, who resides in Mission Viejo, is denying allegations he and his two sons fraudulently pulled nearly $580,000 out of their South County real estate company before seeking bankruptcy protection. “Exhibit A,” as far as Gary Thomas is concerned, would be his having lost his Coto de Caza home in […]

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Harbor East properties get $77.9M in permanent financing through Fannie Mae

Spinnaker Bay in Harbor East.  James Briggs Associate Editor- Baltimore Business Journal Email The CBRE Capital Markets Group has arranged $77.9 million in permanent financing for two Harbor East properties through its Fannie Mae DUS program. HS Properties Development Corp. received the financing for Spinnaker Bay, a three-tower, 315-unit apartment complex, and The Promenade at […]

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Fannie, Freddie to let underwater homeowners out of mortgages

Relief for underwater homeowners Beginning next month, Fannie Mae and Freddie Mac will allow underwater homeowners to walk away from their homes in a controversial move to offer relief to homeowners who have kept up with their payments, according to Bloomberg.com. While most contention has centered around homeowners that fail to or cannot pay their […]

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ASF 2013: Why the GSEs ain’t going anywhere

Remember when Spencer Bachus said that Fannie Mae and Freddie Mac should be in liquidation, not conservatorship? The issue was discussed during a general session at the American Securitization Forum. Yeah… About that… Well, the GSEs ain’t going anywhere. Here are just a few reasons: Home prices are increasing. Negative equity positions are declining. Foreclosure […]

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Fannie's Thumbs-Up for Walk-Away Homeowners

Recs 0 By Matt Koppenheffer More Articles January 29, 2013 Comments (0) Fannie Mae recently announced a change in policy regarding underwater homeowners who walk away from their mortgages. In this video, Foolish financial analyst Matt Koppenheffer reviews the new policy of not pursuing the delinquent homeowner and just taking the loss. Matt believes that, […]

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Clear Capital(R) Named Master Distributor of Freddie Mac Home Value Explorer …

TRUCKEE, Calif., Jan. 28, 2013 (GLOBE NEWSWIRE) — Clear Capital® (www.clearcapital.com), the premium provider of data, collateral risk assessment, and real estate asset valuation and analytics, has been added as a distributor of Freddie Mac Home Value Explorer (HVE) and Home Value Calibrator (Calibrator). Based in McLean, Virginia, Freddie Mac (OTC:FMCC) is one of the […]

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Freddie Mac Announces Second Multifamily Securities Offering of the Year, K-025

MCLEAN, VA–(Marketwire – Jan 30, 2013) –  Freddie Mac ( OTCBB : FMCC ) today announced a new offering of Structured Pass-Through Certificates (“K Certificates“), which are multifamily mortgage-backed securities. The company expects to offer approximately $1.3 billion in K Certificates (“K-025 Certificates”), which are expected to price on or about February 1, 2013, and […]

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Walker & Dunlop Provides $120 Million In Fannie Mae Financing For High-Rise …

BETHESDA, Md., Jan. 30, 2013 /PRNewswire/ – Walker Dunlop, Inc. (WD) announced today that it recently provided $120,000,000 in Fannie Mae financing to TF Cornerstone Equities, LLC, for 45-40 Center Boulevard, a high-rise residential multifamily property, located in Long Island City, NY. The loan was structured with a 10-year term with 5-years interest only, followed by […]

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Walker & Dunlop Provides $120 Million in Fannie Mae Financing for High-Rise Apartments in Long Island City

BETHESDA, Md., Jan. 30, 2013 /PRNewswire/ — Walker Dunlop, Inc. (WD) announced today that it recently provided $120,000,000 in Fannie Mae financing to TF Cornerstone Equities, LLC, for 45-40 Center Boulevard, a high-rise residential multifamily property, located in Long Island City, NY. The loan was structured with a 10-year term with 5-years interest only, followed by […]

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