Archive for March, 2013


Ex- Freddie execs lose bid to toss SEC lawsuit

NEW YORK (Reuters) – Former Freddie Mac chief executive Richard Syron and two other one-time executives lost their bid to escape a U.S. regulator’s lawsuit accusing them of misleading investors about the company’s exposure to risky mortgage loans. U.S. District Judge Richard Sullivan in Manhattan partially granted but otherwise denied the defendants’ motion to dismiss […]

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Signed contracts to buy US homes dips slightly

by The Associated Press Published: March 27, 2013 Tags: contracts, home sales, housing market, National Association of Realtors, pending homes sales 1:15 pm Wed, March 27, 2013 Fewer Americans signed contracts to buy homes in February, but the level stayed close to a nearly three-year high. The report suggests sales of previously occupied homes will […]

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Pending home sales slip in February

Pending home sales slip in February Published Date WASHINGTON — February pending home sales flattened with limited buyer choices, but remained at the second highest level in nearly three years, according to the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator based on contract signings, slipped 0.4 percent to 104.8 in […]

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MIAMI Association of Realtors Reports Miami Real Estate Increasingly Attracting Global Consumers

South Florida, the top area in the nation for international real estate buyers, continues to increasingly attract attention from consumers worldwide, according to the 26,000-member MIAMI Association of Realtors (MIAMI). Miami, FL (PRWEB) March 28, 2013 South Florida, the top area in the nation for international real estate buyers, continues to increasingly attract attention from […]

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Freddie Mac wants court to dismiss Realtor’s suit

Attorneys for a federal mortgage company are asking a judge to dismiss a lawsuit filed by a Brighton Realtor whose offices were recently raided by the FBI. An April 11 hearing has been set to hear arguments on behalf of Federal Home Loan Mortgage Corp., known as Freddie Mac, and Canton Realtor William Elias, who […]

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Fannie Mae and Freddie Mac among elite ‘triple digit’ gainers in first quarter …

A bankrupt airline and a couple of mortgage repackaging giants in receivership were among the best performing stocks in the SP 500 during the first quarter, Bespoke Investment Group points out. Of the 20 stocks that gained more than 100% in the first quarter the leader by far is AMR /quotes/zigman/8007147 /quotes/nls/aamrq AAMRQ , which […]

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Fannie Mae, Freddie Mac to offer streamlined loan modifications

The streamlined modification program, to be put into effect in July, would reduce monthly payments by about 30% on average, officials said in announcing the program Wednesday.  Eligible borrowers would receive letters explaining the modification offer and specifying the reduced payment. If they made three monthly payments during a trial modification period, the new loan […]

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Fannie Mae Hampton — Jamaica, Queens, N.Y.

The funeral for Ms. Fannie Mae Hampton, 78, of 160-10 89th Ave., Apt. 9KN, Jamaica, Queens, N.Y., will be held at 2 p.m. Saturday, March 30, 2013, at Bull Swamp Baptist Church, 112 Purity St., Orangeburg, with the Rev. Leroy Cain Jr. officiating. Burial will be in the church cemetery. Ms. Fannie Mae Hampton entered […]

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

The lending giants 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 prove hardship, as […]

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

The lending giants 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 prove hardship, as […]

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