Archive for August, 2013


Fannie Mae: Mortgage Serious Delinquency rate declined in July, Lowest since December 2008

Fannie Mae reported today that the Single-Family Serious Delinquency rate declined in July to 2.70% from 2.77% in June. The serious delinquency rate is down from 3.50% in July 2012, and this is the lowest level since December 2008. The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59%. Earlier Freddie Mac reported that the […]

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Fannie Mae Releases July 2013 Monthly Summary

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Fannie Mae Releases July 2013 Monthly Summary

WASHINGTON, Aug. 30, 2013 /PRNewswire/ — Fannie Mae’s (OTC Bulletin Board: FNMA) July 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 enables […]

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Ending government-sponsored entities will affect mortgage REITs

Imagining a post–Fannie Mae and post–Freddie Mac world (Part 6 of 6) (Continued from Part 5) Implications for mortgage REITs For mortgage REITs like Annaly (NLY), American Capital (AGNC), MFA Financial (MFA), and Hatteras (HTS) that invest heavily in agency paper, a post–Fan and Fred world will change the structure of their portfolios. For starters, […]

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Radian Advances on Agreement to Cap Freddie Mac Claims

Radian Group Inc. (RDN) advanced in New York trading after the mortgage insurer reached an agreement with Freddie Mac to cap expenses tied to loans held by the U.S.- controlled housing-finance company. Radian gained 2.5 percent to $13.54 at 4:02 p.m. Shares of the Philadelphia-based company have more than doubled this year. Rival MGIC Investment […]

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Radian Announces Agreement with Freddie Mac

PHILADELPHIA–(BUSINESS WIRE)– Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc. (RDN), today announced that it entered into a Master Transaction Agreement with Freddie Mac on August 29, 2013. The Agreement relates to a group of 25,760 first-lien mortgage loans held by Freddie Mac that were insured by Radian Guaranty, and were delinquent […]

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The mortgage market without the government-sponsored entities

Summer Wrap-Up: Market Volatility Will Continue Into Fall Says SmithBreakout “A return to volatility” could be the stand-out theme of the season gone by.

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Millenials: A New Generation Of Homeowners

Earlier in this summer, Sulman Quraishi discussed how Millennials see home-ownership as a good investment, according to the National Association of Realtors inaugural Home Buyer and Seller Generational Trends report. Millennials are people born between the years 1980 and 2000. They are the next big demographic of home buyers emerging in real estate. In addition, […]

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Fitch Affirms FREMF 2012-K20 & Freddie Mac Structured Pass-Through Certificates, Series 2012-K020

NEW YORK–(BUSINESS WIRE)– Fitch Ratings has affirmed six classes of FREMF 2012-K20 multifamily mortgage pass-through certificates and Freddie Mac structured pass-through certificates, series 2012-K020 as follows: FREMF 2012-K20 Multifamily Mortgage Pass-Through Certificates –$189.2 million class A-1 at ‘AAAsf’; Outlook Stable; –$899.7 million class A-2 at ‘AAAsf’; Outlook Stable; –$1,097,500,000* class X1 at ‘AAAsf’; Outlook Stable; […]

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Sector Watch: Homebuilding and Construction, Gurus Active on 52-Week Lows

According to Reuters, the Pending Home Sales Index for July decreased 1.3% as higher mortgage interest rates slowed the market. The National Association of Realtors cited that while pending home sales declined 1.3% for the month of July, sales were 6.7% higher than last year’s levels. While the media presents relative ways to measure a […]

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