Archive for September, 2013


Citigroup To Pay Freddie Mac $395 Million To Settle Flawed Mortgage Claims

By Jonathan Stempel Sept 25 (Reuters) – Citigroup Inc on Wednesday said it agreed to pay $395 million to Freddie Mac to resolve claims of potential flaws in roughly 3.7 million mortgages it sold to the housing finance company from 2000 to 2012. Citigroup, the third-largest U.S. bank, said the settlement also covers potential future […]

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Fannie Mae to sell $500 million of bills on Wednesday

The Upside to a Closed GovernmentBreakout While the President, the chairman of the Federal Reserve and many others are warning that a government shutdown, …

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Freddie Mac to sell $2 billion of bills on Monday

Sept 30 | Mon Sep 30, 2013 8:35am EDT Sept 30 (Reuters) – Freddie Mac, the No. 2 U.S. home funding company, said it will sell $2 billion of reference bills on Monday. Freddie Mac said it plans to sell $1 billion of three-month bills due Dec. 30, 2013, and $1 billion of six-month bills […]

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Freddie Mac: Mortgage Serious Delinquency rate declined in August, Lowest since April 2009

Freddie Mac reported that the Single-Family serious delinquency rate declined in August to 2.64% from 2.70% in July. Freddie’s rate is down from 3.36% in August 2012, and this is the lowest level since April 2009. Freddie’s serious delinquency rate peaked in February 2010 at 4.20%. These are mortgage loans that are “three monthly payments or more […]

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Names and faces

Lake Erie College of Osteopathic Medicine School of Pharmacy faculty member Dr. Teri West co-authored a research article: “Evaluation of Anticholinergic Burden of Medications in Older Adults,” which was published in the Journal of the American Pharmacists Association. Broker-Associate William “Bill” Geller has been named Manager of RE/MAX Platinum Realty’s Main Street office in Sarasota. […]

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Another fiscal cliff

Posted: Sunday, September 29, 2013 12:00 am | Updated: 12:25 am, Sun Sep 29, 2013. Another fiscal cliff By KIM COOPER/Special to The Press The Coeur d’ Alene Press | 0 comments Once again we see the infighting in Congress delaying decisions on the budget that could lead to a shut down. This is increasingly becoming […]

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Fannie Woos Investors as Regulators Embrace Risk-Sharing

Fannie Mae, preparing its first sale of securities that would share the risks of homeowner defaults with bondholders, will offer better terms than in Freddie Mac’s initial deal as the U.S.-backed mortgage companies seek to expand investor participation in the market. Fannie Mae officials are visiting investors across the country, with stops in Boston and […]

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Fannie Mae Set To Issue Risk Sharing Bonds

Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) is set to issue its first sale of risk sharing bonds, with better terms than Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC)’s July offering. Jody Shenn of Bloomberg citing known sources indicate Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) is planning to sell $675 million […]

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Citi to Pay Freddie Mac $395 Million Over Mortgages

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CORRECTED-Fannie Mae expects to sell five-year notes on Friday

Fri Sep 27, 2013 10:48am EDT (Corrects settlement date to Oct. 1 from Oct. 4, adds Deutsche Bank as joint lead manager and drops J.P. Morgan.) Sept 26 (Reuters) – Fannie Mae, the largest U.S. home funding source, said on Thursday it expects to sell new five-year benchmark notes due Nov. 27, 2018 on Friday. […]

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