Archive for February, 2014


Pending Home Sales Hold Steady in January

WASHINGTON, DC–(Marketwired – Feb 28, 2014) – Pending home sales were essentially unchanged in January, according to the National Association of Realtors®. Monthly gains in the South and Northeast were offset by declines in the West and Midwest. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, edged up 0.1 percent to […]

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Freddie Mac Releases 2014 Multifamily Economic Outlook

MCLEAN, VA–(Marketwired – Feb 28, 2014) – Freddie Mac (OTCQB: FMCC) released today its multifamily housing economic outlook for 2014 showing that multifamily growth will be favorable, but will also moderate and become more in line with long-run historical levels. A short preview video and the complete outlook are available here. 2014 Outlook Highlights Multifamily […]

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With NAR’s blessing, realtor.com is on the hunt for its first chief economist

Realtor.com, the official consumer website of the National Association of Realtors, is on the hunt for what will be the first chief economist in its 18-year history. NAR had previously barred Move Inc., which operates realtor.com under an exclusive license with NAR that dates back to 1996, from hiring a chief economist to interpret housing market trends. The […]

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Pending Home Sales Remain at Two-Year Low

The National Association of Realtors (NAR) Friday morning released its data on pending sales of existing homes in January. The pending home sales index rose a tiny 0.1% from an upwardly revised index reading of 94.9 in December to the January reading of 95. That is 9% lower than in January 2013 when the index […]

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Fannie Mae economist expects 2.9% GDP growth

Doug Duncan Phil W. Hudson Staff Writer- Atlanta Business Chronicle Email  | Twitter  | LinkedIn Fannie Mae’s Chief Economist Doug Duncan on Thursday told banking experts at The Federal Reserve Bank of Atlanta economic activity will continue to pick up at a modest rate. Duncan said he expects 2.9 percent real GDP growth this year as the […]

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Freddie Mac to Pay Treasury $10.4 Billion on Quarterly Profit

Freddie Mac, the U.S.-owned mortgage financier, will return $10.4 billion to the Treasury Department next month, bringing total payments to about $10 billion above what it got in aid after the 2008 credit crisis. The McLean, Virginia-based company had net income of $8.6 billion for the quarter ended Dec. 31 and a profit of $48.7 […]

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Freddie Mac to Pay Treasury $10.4 Billion on Record Profit

Alamy By Margaret Chadbourn WASHINGTON — Freddie Mac said Thursday it will soon send the U.S. Treasury a $10.4 billion dividend after posting a ninth straight quarterly profit, putting taxpayers further into the black on their bailout of the mortgage giant. When it makes the payment next month, Freddie Mac will have paid about $81.8 […]

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Dick Bove Thinks Fannie Mae Could Be Worth $18 Per Share

Key issue is government ceding ownership, returning company to shareholders Noted bank analyst Dick Bove of Rafferty Capital Markets thinks Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) can rise to $18 per share. Speaking on Fox Business with Charlie Gasparino, Bove’s logic is that the company is currently earning $1.60 per share.  With a ten […]

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Fannie Mae Is Surging Like Crazy, And Big Hedge Funders Are Making A Killing

View photo . Steven Perlberg / Business Insider data via Bloomberg It looks like shares of a penny stock that would make even Jordan Belfort blush are  on fire, rocketing 40% in the last five days and 1500% over the last year, nearing that big $5 mark. Only one problem: The stock is  Fannie Mae, […]

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Freddie Mac Will Pay U.S. $10.4 Billion on Quarterly Profit

Freddie Mac, the U.S.-owned mortgage financier, will return $10.4 billion to the Treasury Department next month, bringing total payments to about $10 billion above what it got in aid after the 2008 credit crisis. The McLean, Virginia-based company had net income of $8.6 billion for the quarter ended Dec. 31 and a profit of $48.7 […]

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