Archive for January, 2014


Bank of America could face higher penalties in ‘Hustle’ suit

The U.S. government is seeking higher penalties against Bank of America, three months after a jury found its Countrywide unit guilty of knowingly selling bad home loans to Fannie Mae and Freddie Mac. The government, which initially sought $864 million in the so-called “Hustle” case, in a court filing Wednesday requested the Charlotte-based bank be […]

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Fannie Mae Releases December 2013 Monthly Summary

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Centerline Capital Group Executes Their First Index Lock

$13,304,000 Loan For LL Sams Historic Lofts in Waco, TX  Among the first to complete new Freddie Mac Index Lock option  New York, NY -January 30, 2014- Centerline Capital Group, a provider of real estate mortgage services for affordable and conventional multifamily housing, announced todayit was one of the first lenders to execute on a […]

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Signed contracts to buy US homes plunge 8.7 per cent last month, evidence of housing slowdown

ELLIOT LAKE, Ont. – Ontario Provincial Police have charged one person in the June 2012 fatal collapse of a mall roof in Elliot Lake, Ont. …

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Fannie Mae Fix Fades as Senate Democrats Split on Plans

Chances that Congress will move this year to wind down or transform Fannie Mae (FNMA) and Freddie Mac are dimming as lawmakers confront a split among Senate Democrats and a change at the regulator of the mortgage finance companies. A delay would mean Paulson Co., Fairholme Capital Management LLC and others who have been acquiring […]

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Pending home sales in December declined: US

Rumah Anggota Dewan Undangan Negeri Batu Caves di Taman Templer Suasana, Rawang dipecah masuk awal pagi semalam dan beberapa barangan berharga dilarikan. Ketua Polis Daerah Gombak, ACP Abdul Rahim Abdullah (gambar) berkata kejadian hanya disedari Amirudin Shari, 33, apabila beliau bangun kira-kira 8 pagi dan mendapati pintu belakang rumahnya… …

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Freddie Mac Eyes "Green Securities" for MF

Freddie Mac headquarters MCLEAN, VA-Freddie Mac is considering either introducing some kind of green or sustainable multifamily security this year, or more likely, scoring its K-deals for their “greenness.” The GSE and the US Environmental Protection Agency’s Energy Star program have signed an agreement under which multifamily properties will cut carbon pollution by making it […]

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Realtors(R) Praise Senate Passage of Bill to Delay Flood Insurance Rate Increases

WASHINGTON, DC–(Marketwired – Jan 30, 2014) – The following is a statement by National Association of Realtors® President Steve Brown: “The Homeowner Flood Insurance Affordability Act, S. 1926, passed by the Senate this afternoon is the time-out Realtors® first advocated when dramatic flood insurance premium increases went into effect on October 1, 2013. “This legislation […]

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Judge approves settlement for Fannie to recover $537M for bad mortgages claim against Lehman

WASHINGTON –  A federal bankruptcy judge has approved Lehman Brothers Holdings Inc.’s settlement with Fannie Mae, allowing the mortgage finance giant to recover about $537 million for its claim against the estate of the failed Wall Street bank over soured mortgage securities. Judge James Peck made the ruling Wednesday. The settlement values at about $2.15 […]

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Deal OK'd for Fannie to get $537M on Lehman claim

WASHINGTON (AP) — A federal bankruptcy judge has approved Lehman Brothers Holdings Inc.’s settlement with Fannie Mae, allowing the mortgage finance giant to recover about $537 million for its claim against the estate of the failed Wall Street bank over soured mortgage securities. Judge James Peck made the ruling Wednesday. The settlement values at about […]

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