Archive for March, 2013


Freddie Mac Sues Multiple Banks Over Libor Manipulation

Freddie Mac (FMCC) sued Bank of America Corp., UBS AG (UBSN), JPMorgan Chase Co. (JPM) and a dozen other banks over alleged manipulation of the London interbank offered rate, saying the mortgage financier suffered substantial losses as a result of the companies’ conduct. Government-owned Freddie Mac accuses the banks of acting collectively to hold down […]

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Fannie Mae, Freddie Mac allow no-doc loan modifications

Jeff Clabaugh Broadcast/Web Reporter- Washington Business Journal Email  | Twitter No-document financing is back in the mortgage business, this time aimed at helping homeowners who are struggling to make their payments. The Federal Housing Finance Agency, which oversees both Freddie Mac and Fannie Mae, will allow the mortgage lenders to offer simplified loan modifications to troubled […]

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New Government Program Could Lower Some Mortgage Payments

After Strong Q1, What Lies Ahead?Breakout Just as stocks are hitting record highs, things are happening on the sidelines that could cause problems.

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First Financial Bank promotions

Steve Butman Photography 1065 South First Street Abilene TX 79602 325-672-2341 sbutman@abilene.com Faye Dodson Steve Butman Photography 1065 South First Street Abilene TX 79602 325-672-2341 sbutman@abilene.com Debbie House Steve Butman Photography 1065 South First Street Abilene TX 79602 325-672-2341 sbutman@abilene.com Patty Fuentes Steve Butman Photography 1065 South First Street Abilene TX 79602 325-672-2341 sbutman@abilene.com Alicia […]

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Coaching and Training: Tips for Investing Wisely

The Power Broker Roundtable is brought to you by the National Association of REALTORS®. Watch for this column each month, where we address broker issues, concerns and milestones. Moderator:Jeff Barnett, Liaison for Large Residential Firms Relations, NAR Participants:Robert Bailey, Co-broker/Owner, Bailey Properties, Santa Cruz, Calif.Jason Waugh, President/CEO, Prudential Northwest Properties, Portland, Ore.Richard Haase, President, Latter […]

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Bailout Funds Would Shrink If Profit Jumps at Fannie Mae

By Nick Timiraos A quirk of Fannie Mae ’s bailout agreement with the U.S. Treasury could reduce the amount of aid that the government would be able to provide the company if it reports a huge profit for the fourth quarter of 2012. Fannie Mae said earlier this month that it would delay the filing […]

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Fannie Mae, Freddie Mac ward off megabucks transfer tax claims

Last spring and summer, dozens of state and local governments thought they’d found a promising new source of revenue: Fannie Mae and Freddie Mac, the government-sponsored mortgage guarantors that took ownership of thousands and thousands of foreclosed homes in the financial crisis. In class actions filed across the country, governments asserted that Fannie, Freddie and […]

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Freddie Mac and Fannie Mae: Too little, too late?

Lending giants Freddie Mac and Fannie Mae are swooping to the rescue just as the housing market turns the corner. FORTUNE — Freddie Mac and Fannie Mae announced this week they were making it easier for struggling borrowers to lower their monthly payments. No longer will borrowers who are at least 90 days delinquent have to […]

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Fannie Mae seeks foreclosure on South Beach apartment complex

This office complex in Lauderhill is targeted for foreclosure. Brian Bandell Senior Reporter- South Florida Business Journal Email  | LinkedIn  | Twitter A South Beach apartment complex could be seized by Fannie Mae. The government-controlled company filed a foreclosure lawsuit on March 25 against 1775 James Ave. Corp. over the property at the same address. It consists […]

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CORRECTED-Ex-Freddie execs lose bid to toss SEC lawsuit

Sat Mar 30, 2013 2:27pm EDT (Corrects first paragraph to state that “two other one-time executives lost their bid” rather than “three other,” and corrects typo in third paragraph: “exposure” instead of “exponsure”) By Nate Raymond NEW YORK, March 29 (Reuters) – Former Freddie Mac chief executive Richard Syron and two other one-time executives lost […]

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