Archive for July, 2013


Rising rates, shortages chill sales of U.S. homes

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Freddie Mac Picks U.S. Bank as Agent for New Debt Notes

Recs 1 By Caroline Bennett More Articles July 30, 2013 Comments (0) Freddie Mac has chosen financial institution U.S. Bancorp‘s (NYSE: USB  ) commercial branch, U.S. Bank, to serve as its global agent on a new $500 million unsecured bond offering. Known as Freddie Mac’s Structured Agency Credit Risk, or STACR, the new offering of debt […]

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Pending home sale contracts slide slightly

WASHINGTON, July 29 (UPI) — The U.S. Pending Home Sales Index slipped slightly off of a six-year peak in June, the National Association of Realtors said Monday. The NAR said the index that tracks contracts of intention slipped 0.4 percent month-to-month to 110.9. The index is a comparison to the monthly average for 2001, its […]

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Pending home sales fall as rate increase begins to bite

Pending home sales are a forward indicator of residential real estate sales The Pending Home Sales index is put out by the National Association of Realtors (NAR) and tracks the number of home sales under contract. This tends to lead the actual home sales data by a few months. Home sales data is an indicator […]

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Bill to end Fannie Mae, Freddie Mac clears House committee

Fannie Mae and Freddie Mac, which were taken over by the federal government during the financial crisis, would be wound down over five years under House legislation. Kent Hoover Washington Bureau Chief Email  | Twitter  | Google After a marathon markup session, the House Financial Services Committee approved legislation to wind down Fannie Mae and Freddie Mac […]

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Freddie Mac Appoints U.S. Bank as Global Agent on New Bond Note Offering

Freddie Mac Appoints U.S. Bank as Global Agent on New Bond Note Offering MINNEAPOLIS–(BUSINESS WIRE)– U.S. Bank Global Corporate Trust Services will serve as global agent on Freddie Mac’s landmark $500 million unsecured bond offering which closed on July 26. The new offering, known as Freddie Mac’s STACRSM (Structured Agency Credit Risk) debt notes is […]

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Fannie Mae TBAs seem to be finding a level here

Mortgage-backed securities are the starting point for all mortgage market pricing, and they’re the investment of choice for mortgage REITs  When the Federal Reserve talks about buying mortgage-backed securities (MBS), it’s referring to the To-Be-Announced market (usually referred to as the TBA market). The TBA market allows loan originators to take individual loans and turn them […]

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Freddie Mac to sell $2.5 bln bills July 29

July 29 | Mon Jul 29, 2013 8:36am EDT July 29 (Reuters) – Freddie Mac, the No. 2 U.S. home funding company, said it will sell $2.5 billion of reference bills on Monday. The company said it plans to sell $1 billion of three-month bills due Oct. 28, 2013, and $1.5 billion of six-month bills […]

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Goodbye to Fannie Mae, Freddie Mac? – Yakima Herald

The following editorial appeared in Friday’s Washington Post. The politics of housing finance reform are starting to get interesting. On Wednesday, the Republican-controlled House Financial Services Committee passed the Protecting American Taxpayers and Homeowners (PATH) Act, which would wind down Fannie Mae and Freddie Mac and replace the busted entities with — well, nothing, pretty […]

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Fannie Mae TBAs seem to be finding a level here

Mortgage-backed securities are the starting point for all mortgage market pricing, and they’re the investment of choice for mortgage REITs  When the Federal Reserve talks about buying mortgage-backed securities (MBS), it’s referring to the To-Be-Announced market (usually referred to as the TBA market). The TBA market allows loan originators to take individual loans and turn them […]

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