Archive for December, 2013


Flagstar to Pay Freddie Mac $8.9 Million for Mortgage Repurchase Obligations

Flagstar Bancorp Inc. has announced that it has entered into an agreement with Freddie Mac to resolve substantially all of the repurchase requests and obligations associated with loans originated between Jan. 1, 2000 and Dec. 31, 2008 and sold to Freddie Mac. The total resolution amount is $10.8 million, but after paid claim credits and other […]

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US pending home sales inch up in November

Washington (AFP) – US pending home sales rose slightly in November, ending five consecutive months of declines, the National Association of Realtors said Monday. NAR said its pending home sales index — a contract-based indicator of activity in the residential real-estate market — edged up 0.2 percent to 101.7 in November. The November number was […]

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Singapore’s Economy Grew 3.7% in 2013, Prime Minister Lee Says

Flagstar Bancorp Inc. agreed to pay Freddie Mac $8.9 million to resolve repurchase requests for home loans originated between Jan. 1, 2000, and Dec. 31, 2008. The total resolution was $10.8 million including credits and adjustments, the Troy, Michigan-based firm said today in a statement. To contact the reporter on this story: Laura Marcinek in […]

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U.S. reports slight gain in pending home sales in November

The National Association of Realtors (NAR) said its index of pending home sales, which measures the number of contracts that have been signed but not yet closed for purchasing previously owned homes, rose 0.2 percent to 101.7 in November, which was still below the level a year ago when it stood at 103.3. Lawrence Yun, […]

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Flagstar Settles With Freddie Mac Over Mortgage Repurchase Obligations

(RTTNews.com) – Flagstar Bancorp Inc. ( FBC ), the holding company for Flagstar Bank FSB, said Monday that the Bank has entered into an agreement with Freddie Mac (FMCC.OB) to resolve substantially all of the repurchase requests and obligations associated with loans originated between January 1, 2000 and December 31, 2008 and sold to Freddie […]

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Pending home sales stabilized in November

The pending home sales index in the U.S. was up 0.2 percent in November, ending five straight months of decline, according to the National Association of Realtors. Damon Scott Reporter- Albuquerque Business First Email After months of declines, the number of buyers that signed contracts for existing homes was flat in November. Though subdued, the […]

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Pending Home Sales Edge Up in November

WASHINGTON, DC–(Marketwired – Dec 30, 2013) – Pending home sales stabilized in November with a slight gain, according to the National Association of Realtors(R). Monthly increases in the South and West offset declines in the Northeast and Midwest. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, inched up 0.2 percent to […]

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Fannie Mae TBAs sell off in light holiday trading

Continued from Part 1: 10 year bond finally trades with a 3 handle Trading in Fannie Mae TBAs  When the Federal Reserve talks about buying mortgage-backed securities (or 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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Wells Fargo sets $591 mn settlement with Fannie Mae

US bank Wells Fargo (Hamburg: NWT.HM – news) has reached a $591 million settlement to resolve mortgage claims with state-controlled lender Fannie Mae (Munich: FNM.MU – news) , the two companies announced Monday. Fannie Mae said Wells Fargo will pay $541 million in the fourth quarter to resolve repurchase requests on certain loans originated prior […]

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Trending Penny Stocks – FREDDIE MAC PFD Z (OTCMKTS:FMCKJ), Globalstar …

New York City, NY — (SBWIRE) — 12/30/2013 — To receive alerts before the crowd, please take 7 seconds to sign up for our Premium SMS Alerts. Grab your cell phone and text the word “PICKS” to “555888”. StockMarketIntel.com issues a special report on the following stocks: FREDDIE MAC PFD Z (OTCMKTS:FMCKJ), Globalstar, Inc. (OTCMKTS:GSAT), […]

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