Archive for June, 2014


InteliSpend Prepaid Solutions Partners with the National Association of Realtors®

FENTON, Mo., June 26, 2014 /PRNewswire/ — InteliSpend Prepaid Solutions ™  has partnered with the National Association of REALTORS® (NAR) under the Association’s REALTOR Benefits® Program to provide its 1 million members exclusive access to an innovative prepaid card that can be used to show appreciation to those who help them succeed – clients, employees […]

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Sales of U.S. existing homes up 4.9 percent in May

WASHINGTON — Sales of previously owned U.S. homes posted the best monthly gain in nearly three years in May, providing hope that housing is beginning to regain momentum lost over the past year. The National Association of Realtors reported Monday that sales of existing homes increased 4.9 percent last month to a seasonally adjusted annual […]

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Fannie Mae: Housing ‘remains a source of concern’

The pullback in housing demand the market experienced in the first quarter may be behind us, but home sales are still likely to fall this year for the first time in four years, according to a monthly economic outlook released today by economists at Fannie Mae. Existing-home sales fell on a monthly basis in the first three months of […]

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Why Fannie Mae (FNMA) Stock, Freddie Mac (FMCC) Stock Are Higher Today

NEW YORK (TheStreet) — Shares of Fannie Mae  (FNMA) are up 4.26% to $3.92 as the regulator of Fannie and Freddie Mac (FMCC) will consider suing insurers who charged excessive fees for hazard coverage paid by the two government-owned mortgage companies, according to an auditor’s report, Bloomberg reports. Shares of Freddie Mac are up 2.17% to […]

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Freddie Mac’s MiMi Shows That Housing Recovery Has Stalled

Despite the fact that mortgage rates remain near historic lows, home price appreciation is stabilizing, delinquencies are dropping and the national unemployment rate is improving, the housing market remains “weak,” according to Freddie Mac’s new Multi-Indicator Market Index (MiMi). The index, which was introduced in May, measures the overall strength of the housing market based […]

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Existing-Home Sales Up 4.9 Percent in May

California Accuses FedEx of Waste Violations State officials are accusing FedEx of more than 1,500 hazardous waste violations since 2008. In a complaint filed in Sacramento County court on Thursday, California’s Department of Toxic Substances Control said FedEx Ground Package System Inc. transported hazardous waste packages through hubs without authorization and failed to properly handle […]

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Fannie Mae, Freddie Mac CitiMortgage Lawsuit

In this foreclosure-related litigation, plaintiff, Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC), appeals by leave granted an Ingham Circuit Court opinion and order reversing the 55th District Court’s July 31, 2012 order terminating defendants’ possession of residential property located in East Lansing. For the reasons set forth in this opinion, we affirm that […]

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Fannie Mae Revises First Quarter Forecast

The latest economic forecast from Fannie Mae shows that the underwhelming performance of the economy in the first three months of the year and a shrinking GDP have significantly dulled the optimism economists once had for the overall 2014 economy. Fannie Mae stated that the rough U.S. first quarter has caused its Economic Strategic Research Group to reduce 2014 […]

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Why Shares of Fannie Mae and Freddie Mac Are Almost 30% Higher in 2014

Source: Wikimedia Commons: Fannie Mae headquarters So, what’s it gonna be: Are Fannie Mae (NASDAQOTCBB: FNMA  ) and Freddie Mac (NASDAQOTCBB: FMCC  ) on the brink of being wound down or are they going to continue to be valid pillars of the U.S. mortgage finance system? According to shareholders, Fannie Mae and Freddie Mac will stay around […]

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Ginnie Mae securities see a lift as the bond market flatlines

Keep an eye out for this week’s must-know real estate releases (Part 6 of 6) (Continued from Part 5) Ginnie Mae TBAs represent the mortgage-backed security for government mortgage loans While Fannie Mae TBAs represent the usual conforming loan—the plain vanilla Fannie Mae 30-year mortgage—Ginnie Mae TBAs are where the government loans like FHA and […]

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