Archive for November, 2014


Mortgage lenders set to relax standards

FILE: A sign sits in front of a new home for sale in West Des Moines, Iowa. (AP) Some of the largest U.S. mortgage lenders are preparing to further ease standards for borrowers after the release of new guidelines this month from mortgage giants Fannie Mae and Freddie Mac . The new guidelines, to take full […]

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FREDDIE MAC: Mortgage Rates Remain Low Heading Into Holiday Weekend

“Mortgage rates were little changed on the week with the 30-year fixed-rate mortgage declining to 3.97 percent,” said Frank Nothaft, Freddie Mac’s vice president and chief economist. “This comes during a week of uplifting economic news heading into the holiday; GDP growth was revised up in the third quarter from 3.5 percent to 3.9 percent, […]

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Freddie Mac: Mortgage rates stay frozen heading into holidays

Mortgage rates remained around 4% as America heads into the holidays, the latest Freddie Mac Primary Mortgage Market Survey found. The 30-year, fixed-rate mortgage averaged 3.97%, marginally down from last week’s 3.99%. This is compared to 4.29% a year ago. The 15-year, FRM and the 5-year, Treasury-indexed hybrid adjustable-rate mortgage stayed frozen at 3.17% and […]

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US pending home sales slip in October – Quincy Herald

WASHINGTON (AP) – The number of Americans signing contracts to buy homes fell slightly in October as tight credit and lagging wages remained financial hurdles for would-be homebuyers. The National Association of Realtors said Wednesday its seasonally adjusted pending home sales index fell 1.1 percent in the past month to 104.1. The index remains below […]

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Selling an $85 million home, and the lifestyle behind it

The National Association of Realtors said this week that sales of existing homes with price tags of more than $1 million increased more than 16 percent last month compared to the same month a year before. But that amount would barely get you a closet in one California home now on the market. At the […]

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Bill Ackman Bought More Shares Of Fannie, Freddie During Slump

Pershing Square is keen to overturn a Federal Court decision on Fannie Mae and Freddie Mac Investments that drove up Pershing Square’s return in the third quarter included Herbalife Ltd. (NYSE:HLF), Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP), Allergan, Inc. (NYSE:AGN) and Burger King Worldwide Inc (NYSE:BKW). Howard Hughes Corp (NYSE:HHC) and Platform Specialty Products Corp (NYSE:PAH). Fannie Mae / Federal National Mortgage Assctn Fnni […]

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Thousands of people can now buy back the homes they lost to foreclosure

  Thousands of people who lost their homes to foreclosure are now eligible to buy back those properties at current market value if their loans were backed by Fannie Mae or Freddie Mac. Fannie and Freddie previously required borrowers who wanted to repurchase their homes to buy them for whatever amount they owed on the […]

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Freddie Mac’s Growth Rate Hits 20-Month High

According to Freddie Mac’s recently released monthly volume summary, the mortgage giant’s total loan portfolio grew last month at an annualized rate of 2.5 percent, the highest growth rate since March 2013. As of the end of October, the portfolio’s value was estimated at $1.9 trillion, up nearly $4 billion from September. October marked the second […]

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Piedmont CA Real Estate Agent Broker Anian Tunney Explains Demographics of Housing Market

Piedmont, CA (PRWEB) November 26, 2014 According to a release(1) from the National Association of Realtors® (NAR) earlier this month, realtors are preparing for the explosion of Millennials onto the housing market as the economy continues to improve. Although slower to break into real estate, this generation – aged 18 to 33 – is beginning […]

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Lawrence Yun, chief economist, senior vice president of research, National …

Lawrence Yun, chief economist, senior vice president of research, National Association of Realtors By Will McDermott, editor, Scotsman Guide Residential Edition | bio It has been an interesting year in the housing market. Interest rates remained relatively low and even fell below 4 percent this past October, while housing prices leveled off in much of […]

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