Archive for February, 2013


County sues Freddie Mac, Fannie Mae for unpaid fees

Along with Fulton, Gwinnett, Cobb, Cherokee, Bibb, Carroll, Whitfield and Walton, Barrow is filing suit against Freddie Mac and Fannie Mae in hopes of recouping money they say is owed them from home sales. “… A tax is owed to the Clerk of Superior Court ‘on each deed, instrument, or other writing by which any […]

Read More...

Freddie Mac: 30-Year Fixed-Rate Mortgage Averaged 3.51%

By Tess Stynes Average fixed mortgage rates in the U.S. fell over the past week after remaining mostly unchanged over the past month, according to mortgage-finance company Freddie Mac . Freddie Mac Chief Economist Frank Nothaft said mortgage rates eased somewhat last week though economic data continues to show signs the housing market is improving, […]

Read More...

Fannie Mae CFO promoted internally

Where real estate meets™. REX is short-hand for the Real Estate Expo, a national residential real estate conference that offers real estate…

Read More...

Fitch: GSEs Play Dominant Market Role Amid Political Uncertainty

NEW YORK–(BUSINESS WIRE)– The two U.S. housing government sponsored entities (GSEs), Fannie Mae and Freddie Mac, continue to play a key role in the U.S. housing market recovery, thus limiting the motivation for wide-reaching GSE reforms in the near future, according to a Fitch Ratings report. Fitch notes that both companies have shown operating performance […]

Read More...

MGIC losses spike in 4Q after settlement with Freddie Mac

  Stacy Vogel Davis Reporter- The Business Journal Email  | Twitter  | Google Losses ballooned for MGIC Investment Corp. in the fourth quarter, due in large part to a settlement charge with Freddie Mac. The Milwaukee-based company reported a loss of $386.7 million, or $1.91 per share, in the quarter ending Dec. 31, nearly triple the loss […]

Read More...

Mortgage Rates Break Holding Pattern, Move Lower

Will the Sequester Jeopardize the Recovery?Daily Ticker Washington is often full of surprises but none are expected before tomorrow, March 1, when $85 billion worth of …

Read More...

Fannie Mae promotes new CFO from within

Fannie Mae has named David Benson as its new chief financial officer. Bryant Ruiz Switzky Senior Staff Reporter- Washington Business Journal Email  | LinkedIn  | Twitter District-based mortgage giant Fannie Mae has named one of its own, David Benson, to succeed departing Chief Financial Officer Susan McFarland. Benson, 53, has been with Fannie since 2002, when he […]

Read More...

Commercial Loan Direct Reports a 34% Increase in Fannie Mae Apartment Loan Production

Apartment loans by Commercial Loan Direct With the fiercely competitive rental market, there has not been a better time to invest in a multifamily property. Atlanta, GA (PRWEB) February 28, 2013 Commercial Loan Direct, the business division of CLD Capital and one of the top online originators of commercial real estate loans has seen a […]

Read More...

Freddie Mac: Mortgage rates ease, with 30-year fixed at 3.51%

Mortgage rates eased a bit early this week, Freddie Mac said, with 30-year fixed loans available for solid borrowers at an average 3.51%, down from 3.56% last week. The 15-year fixed loan edged down from an average 2.77% to 2.76%. Borrowers would have been dinged for an average 0.8% of the loan amount in upfront […]

Read More...

Freddie Mac: Mortgage rates ease, with 30-year fixed at 3.51%

Mortgage rates eased a bit early this week, Freddie Mac said, with 30-year fixed loans available for solid borrowers at an average 3.51%, down from 3.56% last week. The 15-year fixed loan edged down from an average 2.77% to 2.76%. Borrowers would have been dinged for an average 0.8% of the loan amount in upfront […]

Read More...