Archive for August, 2013


Freddie Mac skips issuing reference notes in Aug 29 announcement

Thu Aug 29, 2013 10:15am EDT Aug 29 (Reuters) – Freddie Mac, the No. 2 U.S. home funding company, on Thursday said it will not issue reference notes in its optional note issuance window on Aug. 29. In its 2013 note calendar, Freddie Mac said that each of the dates are windows of optional note […]

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Fannie Mae Recognizes Top Servicers

Fannie Mae has announced Servicer Total Achievement and Rewards (STAR) Program results for the first half of 2013. STAR was created to establish servicing standards and recognize Fannie Mae servicers on their overall performance, customer service and foreclosure prevention efforts. The program measures servicers across key operational and performance areas relative to their peers, and […]

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Radian Reaches Accord With Freddie Mac to Cap Expenses

Radian Group Inc. (RDN)’s mortgage insurer reached an agreement with Freddie Mac that caps expenses at $840 million related to loans held by the U.S. government-controlled housing-finance company. The accord covers more than 25,000 first-lien mortgage loans that Radian insured and were delinquent as of Dec. 31, 2011, the Philadelphia-based company said today in a […]

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The role of Fannie Mae and Freddie Mac during the housing bubble

Continued from Part 2: The mortgage market: Understanding government-sponsored entities Fannie Mae in the real estate bubble During the real estate bubble, Fannie Mae began to emphasize the use of its own balance sheet over its securitization function. As a government-sponsored entity, the GSEs were subject to government mandates as well as their fiduciary duty […]

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The mortgage market: Understanding government-sponsored entities

Stock Futures Edge up as Weak August Nears EndAssociated Press U.S. stock futures are rising slightly on the last trading day of an August that has seen declines in major indexes. …

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Fixed mortgage rates ease, Freddie Mac says; 30-year at 4.51%

Fixed mortgage rates backed off this week from a two-year high, Freddie Mac said Thursday, with lenders offering the 30-year home loan at an average of 4.51% compared with 4.58% a week ago. The 15-year fixed-rate mortgage averaged 3.54%, down from 3.6%, according to Freddie Mac. Starting interest rates for popular types of variable-rate loans […]

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The role of Fannie Mae and Freddie Mac during the housing bubble

U.S. authorities widen hiring probe beyond JPMorgan: WSJReuters U.S. authorities are seeking information from several banks and hedge funds on their hiring practices, focusing …

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NAR names 10 finalists for ‘Good Neighbor Awards’

Charity image via Shutterstock. Some spend their spare time helping underprivileged youth or the elderly. Others lend a hand to military families or those with life-threatening medical conditions. But the 10 finalists selected for Realtor Magazine’s 2013 Good Neighbor Awards have one thing in common: All are Realtors who volunteer their time to improve the […]

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Concern Is Growing in the Housing Market As Pending Home Sales Fall in July

The housing recovery is continuing, but it’s starting to lose steam. The National Association of Realtors said today that pending home sales fell last month by 1.3% in July compared to June. The industry group’s index is an important leading indicator for the market because it measures contract signings, the final stage before a purchase […]

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The role of Fannie Mae and Freddie Mac post-bubble

U.S. authorities widen hiring probe beyond JPMorgan: WSJReuters U.S. authorities are seeking information from several banks and hedge funds on their hiring practices, focusing …

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