Archive for August, 2014


Fannie Mae: Serious Delinquency Rate At Lowest Level Since ’08

In Fannie Mae‘s July 2014 Monthly Summary released on August 29, the GSE reported that July’s serious delinquency rate of 2.0 percent for single-family properties is at its lowest level since October 2008. The percentage of single-family properties that were in serious delinquency, which is defined as having a mortgage loan where the payment is […]

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Fannie Mae Changes Waiting Periods for Buyers With Prior Short Sale – U

  Reddit ✉ –Comments Fannie Mae made 2 changes that will affect home buyers in San Diego, one positive and the other negative. Before August 16th, buyers who had a 20% down payment could repurchase again after only 2 years. Buyers now have to wait 4 years instead of 2 years to purchase a […]

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Mortgage Markets Would Take A Beating Without Fannie Mae, Freddie Mac

Republicans and Democrats confide that “the mortgage market would take a beating” without Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) via TimHoward717.com We proved truth is stranger than fiction in what was probably one of the more wild and productive weeks we […]

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Walker & Dunlop Originates Loan for Longhaven Estates Through Freddie Mac's New MHC Offering

BETHESDA, Md., Aug. 27, 2014 /PRNewswire/ — Walker Dunlop, Inc. (WD) announced today that it originated a $10,575,000 loan on Longhaven Estates, a manufactured housing community (MHC) located in Phoenix, Arizona, for Cobblestone Real Estate LLC (Cobblestone) based in Oak Brook, IL and Tricon Capital Group (Tricon), headquartered in Toronto, Canada. This is the first loan […]

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Contracts to buy US homes rise in hopeful sign

WASHINGTON (AP) — More Americans signed contracts to buy homes in July, a sign that buying has improved as mortgage rates have slipped, the number of listings has risen and the rate of price increases has slowed. The National Association of Realtors said Thursday that its seasonally adjusted pending home sales index rose 3.3 percent […]

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Fannie Mae: Mortgage Serious Delinquency rate declined to 2.0% in July, Lowest since October 2008

Fannie Mae reported today that the Single-Family Serious Delinquency rate declined in July to 2.00% from 2.05% in June. The serious delinquency rate is down from 2.70% in July 2013, and this is the lowest level since October 2008. The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59%. Earlier this week, Freddie Mac […]

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Fannie Mae Releases July 2014 Monthly Summary

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Freddie Mac: Mortgage rates stay low heading into holiday

Mortgage rates barely moved due to mixed news on the housing market heading into the holiday weekend, according to Freddie Mac’s Primary Mortgage Market Survey. The 30-year, fixed-rate mortgage averaged 4.10% for the week ended Aug. 28, unchanged from a week ago, but down from 4.51% last year. The 15-year, FRM slightly increased to 3.25% […]

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U.S. housing regulator seeks more support for poor borrowers

(Adds details on housing goals, background) By Jason Lange WASHINGTON, Aug 29 (Reuters) – The regulator for U.S. housing finance giants Fannie Mae and Freddie Mac The Federal Housing Finance Agency released proposed goals for the two state-owned firms for 2015-2017 that would advance agency chief Mel Watt’s aim to widen access to housing credit. […]

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Freddie Mac: Top 5 most improved housing markets

While the housing recovery remains at a snail’s pace, it is still improving, with the markets that exhibit stronger local economies and favorable demographics on an even faster pace of improvement. Freddie Mac released the June numbers for the Multi-Indicator Market Index, which showed a weak market, improving only .04% from May to June. However, […]

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