Archive for July, 2014


China’s 10 Favorite Countries For Real Estate

Real estate agents with million dollar listings in New York, Miami and Los Angeles all have one thing in common: Chinese clients. The cities are the top spots in the U.S. for wealthy Chinese house hunters looking for third homes abroad. And when it comes to individual nations, the U.S. tops the list of global […]

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First-Time Home Buyers: Don’t Fall for these Myths

A major part of the housing market recovery is still missing: the first-time home buyer. For various reasons, the millennial generation is shunning homeownership. In fact, according to the National Association of Realtors, homeownership rates among those 35 and younger is 36%–the lowest level since 1982. It’s been a tough recovery for millennials. Many of […]

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Blackstone Plan Proves Value Was Taken By Treasury

On July 29th, another potentially damaging document was made public in the ongoing Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) legal debacle. Somewhere in Russia, Vladimir Putin is chuckling. Connect the dots. In December 2010, a memo circulated by Treasury proved that they had an unspoken policy to “ensure that common equity holders will not […]

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FHFA Predicted $72B Profit For Fannie Mae 26 Days After Grab

FHFA Predicted $72,000,000,000 Profit 26 Days After Brazen Soviet Style Profit Grab by TimHoward717 In light of the news regarding the newly leaked secret treasury documents, I want to share a nice little gem. It’s a report produced on October 26,2012 entitled “FHFA Updates Projections of Potential Draws for Fannie Mae / Federal National Mortgage […]

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Bank of America Ordered to Pay Nearly $1.3 Billion in Mortgage Case

A federal judge has ordered Bank of America to pay nearly $1.3 billion in penalties for its role in defrauding Fannie Mae and Freddie Mac into buying thousands of  defective mortgages. The penalty handed down by Judge Jed S. Rakoff of the Federal District Court in Manhattan on Wednesday comes after a jury in October […]

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Fannie Mae Waives Waiting Period on Foreclosure after Bankruptcy Reports Broadview Mortgage Long Beach

Fannie Mae loosens up qualifying guidelines for borrowers that include mortgage debt in a bankruptcy Long Beach, California (PRWEB) July 31, 2014 Effective Immediately, Fannie Mae made an unprecedented move to loosen up qualifying guidelines for borrowers that included mortgage debt in a bankruptcy by removing the waiting period for any foreclosure that occurred after […]

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US judge slaps $1.3B fine on Bank of America

NEW YORK (AP) — A federal judge imposed a $1.3 billion civil penalty against Bank of America on Wednesday for its role in selling risky mortgages to Fannie Mae and Freddie Mac that were advertised as safe investments. The fine was against Countrywide Financial, which Bank of America purchased in 2008 as the financial crisis […]

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US judge slaps $1.3B fine on Bank of America

NEW YORK (AP) — A federal judge imposed a $1.3 billion civil penalty against Bank of America on Wednesday for its role in selling risky mortgages to Fannie Mae and Freddie Mac that were advertised as safe investments. The fine was against Countrywide Financial, which Bank of America purchased in 2008 as the financial crisis […]

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Contracts to buy U.S. homes slip in June

WASHINGTON — Fewer Americans signed contracts to buy homes in June, as the real estate market appears to have cooled off this summer. The National Association of Realtors said Monday that its seasonally adjusted pending home sales index slipped 1.1 percent to 102.7 last month. The index remains 7.3 percent below its level a year […]

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Local real estate cash sales lag national numbers

One-third of all home sales nationally are cash, according to the National Association of Realtors. Cash, as they say, is king; and for the state of Georgia, it aligns right with the rest of the nation having 33 percent of all sales being cash. This is higher than pre-recession numbers of 25 percent, but far […]

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