Archive for June, 2013


Fannie Mae, Freddie Mac: Mortgage Serious Delinquency rates declined in May, Lowest since early 2009

Fannie Mae reported that the Single-Family Serious Delinquency rate declined in May to 2.83% from 2.93% in April. The serious delinquency rate is down from 3.57% in May 2012, and this is the lowest level since January 2009. The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59%. Freddie Mac reported that the Single-Family serious […]

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Fannie Mae Releases May 2013 Monthly Summary

WASHINGTON, June 28, 2013 /PRNewswire via COMTEX/ — Fannie Mae’s /quotes/zigman/226360/quotes/nls/fnma FNMA +1.44% May 2013 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae’s monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, serious delinquency rates, and loan modifications. Fannie Mae […]

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Fannie Mae Releases May 2013 Monthly Summary

Buckle Up! Expect More Market Volatility This YearCNBC Markets in the second half could be driven by more volatility.

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Senators press to dissolve Fannie Mae and Freddie Mac

A bipartisan group of senators introduced the latest in a long line of bills Tuesday to reshape District-based Fannie Mae and McLean-based Freddie Mac, calling for their dissolution within five years. The bill, offered by Sens. Bob Corker, R-Tenn., and Mark Warner, D-Va., is known as the Housing Finance Reform and Taxpayer Protection Act of […]

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Fannie Mae Just Made a $59.3B Payment?and It?s All Deficit Reduction

In 2011, Fannie and Freddie essentially stopped drawing on the line of credit extended by the taxpayers and started returning cash to the government in the form of dividends. Basically, any profits the two entities report going forward revert to the government. Fannie Mae in 2012 made $17.2 billion. In the first quarter of 2013, […]

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Summary Notice of (I) Proposed Settlement and Plan of Allocation; (II) Settlement Fairness Hearing; and (III) Motion …

CINCINNATI, June 28, 2013 /PRNewswire/ — The following statement is being issued by Markovits, Stock DeMarco, LLC regarding In re Fannie Mae Securities Litigation. UNITED STATES DISTRICT COURTDISTRICT OF COLUMBIA IN RE FANNIE MAE SECURITIES LITIGATION THIS DOCUMENT RELATES TO: MDL No. 1668, Consolidated Civil Action No. 04-1639 (RJL), ECF CASE SUMMARY NOTICE OF (I) […]

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Freddie Mac to debut ‘risk-sharing’ MBS

By Adam Tempkin Fri Jun 28, 2013 12:49pm EDT June 28 (IFR) – In the clearest sign yet that the US government is serious about its efforts to bring private capital back into the mortgage market, government-sponsored enterprise Freddie Mac has resurrected a concept that it abandoned 15 years ago: risk-sharing bonds. The mortgage finance […]

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Freddie Mac Said to Plan Start of Mortgage Risk-Sharing Deals

Freddie Mac (FMCC) is preparing to market mortgage securities that will share with investors the risk homeowners don’t repay their government-backed loans, according to a person with knowledge of the plans. The government-controlled mortgage financier, which typically covers losses after defaults, hired Credit Suisse Group AG to manage its first deal and plans to meet […]

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International Home Buying Dips in US

The volume of homes purchased by international buyers dropped 17.3 percent last year, as global economies wavered and shoppers focused on low-cost properties, according to the latest study by the National Association of Realtors. For the 12 months ending in March, total sales to international clients was $68.2 billion, down from $82.5 billion the previous […]

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Pending home sales at post-recession peak

WASHINGTON, June 27 (UPI) — The U.S. Pending Home Sales Index rose in May to its highest level in more than six years, the National Association of Realtors said Thursday. The NAR said the index that tracks contracts of intention rose 6.7 percent month-to-month to 112.3. The index is a comparison to the monthly average […]

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