Archive for December, 2013


Wells Fargo To Pay Fannie Mae $541 Million Over Toxic Loans

(NadiaBoBadia) All those mortgages that weren’t worth the cocktail napkins they were written on are continuing to sting big banks, with Wells Fargo announcing this morning that it had reached a $591 million deal with Fannie Mae to resolve the mortgage-backer’s claims that Wells sold it a pile of loans that the bank knew were […]

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Fannie Mae settles with Wells Fargo as mortgage review ends

The Wells Fargo bank branch in Golden, Colorado (Rick Wilking Reuters, / October 11, 2013)

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Flagstar to Pay Freddie Mac $8.9 Million

Print Email Reprints Comment Twitter LinkedIn Facebook Google+ How Banks Can Charge Fees and Keep Customers Happy — J.D. Power The Cool Kids of Finance Join the Peer-to-Peer Bandwagon What’s Behind Racial Bias Claims Against Banks Flagstar Bancorp (FBC) in Troy, Mich., has agreed to pay Freddie Mac $8.9 million in order to settle mortgage […]

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Wells Fargo to pay $591 million to Fannie Mae in mortgage settlement

WASHINGTON — Wells Fargo Co. said Monday it has agreed to pay $591 million to Fannie Mae to settle disputes over soured mortgages the bank sold to the seized housing finance giant during the subprime housing boom. The agreement covers loans originated by Wells Fargo before 2009 that Fannie Mae was trying to force the […]

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Fannie Mae TBAs sell off in light holiday trading

Realist Real Estate Roundup 12/23-12/27 (Part 2 of 7) (Continued from Part 1) 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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Fannie Mae and Freddie Mac: What They Do and Why We Need Them

A lot of news stories today have to do with Fannie Mae (NASDAQOTCBB: FNMA  ) or Freddie Mac (NASDAQOTCBB: FMCC  ) , which have both become household names as a result of the mortgage crisis. However, even though these are both very well-known companies, not very many Americans really know what the companies do and why they […]

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NAR’s 2013 Political Advocacy Efforts Help Stimulate, Stabilize and Strengthen …

During the 113th Congress, the National Association of REALTORS®’ (NAR’s) legislative and regulatory agenda continued to focus on creating a fundamentally sound and robust U.S. real estate market and protecting the consumers as well as the business interests of members. Here are the highlights of NAR’s 2013 federal legislative and regulatory accomplishments: Safe Harbor in […]

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Lehigh Valley's real estate market expected to grow in 2014

The Lehigh Valley’s real estate market enjoyed a year of steady growth in 2013. Home sales were up 15 percent, median sales prices edged up 1.2 percent and the number of days a home sat on the market dropped 13 percent, according to a November report from the Lehigh Valley Association of Realtors. So what’s […]

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Flagstar Reaches Settlement with Freddie Mac over Mortgage Repurchase Obligations

TROY, Mich., Dec. 30, 2013 /PRNewswire/ — Flagstar Bancorp, Inc. (FBC) (“Flagstar” or the “Company”), the holding company for Flagstar Bank, FSB (the “Bank”), today announced that the Bank has entered into an agreement with the Federal Home Loan Mortgage Corporation (“Freddie Mac”) to resolve substantially all of the repurchase requests and obligations associated with loans […]

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Lehigh Valley’s real estate market expected to grow in 2014

The Lehigh Valley’s real estate market enjoyed a year of steady growth in 2013. Home sales were up 15 percent, median sales prices edged up 1.2 percent and the number of days a home sat on the market dropped 13 percent, according to a November report from the Lehigh Valley Association of Realtors. So what’s […]

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