Archive for November, 2013


Changes ahead for Fannie Mae, Freddie Mac?

This transcript is automatically generated BACK OF THESE WERE FIGHTING IT IS FALLING ON THANKSGIVING DAY. FILIBUSTER RULES COULD PAVE THE WAY FOR BIG CHANGES AT FANNIE MAE AND FREDDIE MAC, GOVERNMENT-BACKED MORTGAGE GIANTS. PETER BARNES JOINING US FROM CAPITOL HILL. HE BROUGHT US THE HEADLINES. WHAT IS THE TEXTURE OF THE STORY THAT MATTERS […]

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Fannie Mae Sues 9 Banks Over Libor

In a complaint filed in Federal District Court in Manhattan, Fannie Mae, the government-controlled mortgage company, accused the banks of conspiring for many years to suppress the London Interbank Offered Rate, known as Libor, including during the 2008 financial crisis. Libor underpins hundreds of trillions of dollars of transactions and is used to set interest […]

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More Fannie Mae Borrower Aid Expected After Watt Confirmation

The Federal Housing Finance Agency could slow efforts to shrink Fannie Mae (FNMA) and Freddie Mac and boost aid to troubled borrowers if U.S. Representative Mel Watt is confirmed as the agency’s director early next month. Watt, a North Carolina Democrat, has the unanimous support of Senate Democrats who voted this week to change the […]

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

Fannie Mae reported today that the Single-Family Serious Delinquency rate declined in October to 2.48% from 2.55% in September. The serious delinquency rate is down from 3.35% in October 2012, and this is the lowest level since December 2008. The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59%. Earlier this week, Freddie Mac reported that […]

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Freddie Mac extends mortgage relief options to Illinois Tornado victims

Illinois tornado victims with Freddie Mac-linked mortgages will receive a series of potential relief options to help them deal with the storm’s aftermath. Freddie’s Senior Vice President of Single-Family Servicing and REO Tracy Mooney noted that the series of options include mortgage payment and foreclosure forbearances up to one year, a waiver of late fees […]

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Contracts for US Homes Fall for Fifth Month

Civil Rights Museum President Retiring National Civil Rights Museum President Beverly Robertson says she is retiring in July. Robertson said in a news release Tuesday she’s retiring because she has seen the Memphis museum through the major goals she had set during her 16-year tenure. She said those goals include an expansion that brought the […]

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Town and Country Home Sellers See Real Estate Values Soar as Fall Inventory Tightens

Town and Country MO real estate market update Town and Country median home values skyrocketed $200,000 in the space of a mere month. Town and Country, MO (PRWEB) November 29, 2013 At a time when national home values are once again on the rise after dipping in the early second half of 2013, it stands […]

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Killing GSEs Could Kill Fixed-Rate Mortgage Loans, Says Bove

NEW YORK (TheStreet) — Politicians of all political stripes love to bash Fannie Mae (FNMA) and Freddie Mac (FMCC). However, unwinding the government sponsored enterprises (GSEs) could be very dangerous for the U.S economy, according to Rafferty Capital Markets analyst Richard Bove. “Historians will relate that the reason that the nation has 20 and 30 […]

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Fixed Mortgage Increase Slightly

MCLEAN, VA–(Marketwired – Nov 27, 2013) – Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage increasing slightly heading into the holiday amid mixed housing data on pending home sales and house price gains. News Facts 30-year fixed-rate mortgage (FRM) averaged 4.29 percent with an […]

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Contracts to buy US homes falls for 5th month

by The Associated Press Published: November 25, 2013 Tags: existing home sales, home re-sales, home sales, National Association of Realtors, pending home sales 2:30 pm Mon, November 25, 2013 The number of Americans who signed contracts to buy homes fell in October for the fifth straight month. Higher mortgage rates, price increases and the 16-day […]

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