Archive for December, 2014


Fannie Mae securities sell off with the bond market

Key releases for real estate investors in the last week of 2014 (Part 5 of 6) (Continued from Part 4) Fannie Mae and the to-be-announced (or TBA) market When the Federal Reserve talks about buying mortgage-backed securities (or MBS), it’s referring to the to-be-announced (or TBA) market. The TBA market allows loan originators to take […]

Read More...

Economy Watch: Holiday Retail Sales, Freddie-Mac Delinquencies

December 29, 2014 By Dees Stribling, Contributing Editor Holiday retail sales between Thanksgiving and Christmas—except for car sales— increased 5.5 percent this year compared to the same period last year, according to MasterCard’s SpendingPulse report, which was released on Friday. The increase is in line with the company’s forecasts for sales, and reflects one additional […]

Read More...

Santa Fe broker takes helm at RANM

Baryalai “Baro” Shalizi is now the president of the Realtors Association of New Mexico. Damon Scott Reporter- Albuquerque Business First Email  |  Twitter A Santa Fe-based real estate broker with more than two decades of experience has taken the lead at the state’s Realtors association. Baryalai “Baro” Shalizi is now the president of the Realtors […]

Read More...

Will Fannie Mae and Freddie Mac Make Their Shareholders Rich In 2015?

After rebounding from pennies per share just a few years ago, Fannie Mae (NASDAQOTCBB: FNMA  ) and Freddie Mac (NASDAQOTCBB: FMCC  ) have dropped again, each trading for around $2 per share. Despite this fact, many investors and some hedge fund heavyweights like Pershing Square’s Bill Ackman, are putting a lot of their energy (and money) into […]

Read More...

Will Fannie Mae and Freddie Mac Make Their Shareholders Rich In 2015?

After rebounding from pennies per share just a few years ago, Fannie Mae and Freddie Mac have dropped again, each trading for around $2 per share. Despite this fact, many investors and some hedge fund heavyweights like Pershing Square’s Bill Ackman, are putting a lot of their energy (and money) into the mortgage giants, hoping […]

Read More...

Renovating with Fannie Mae’s help

Chris and Jillian Soriano bought and then renovated their Haddon Heights house using a Fannie Mae HomeStyle Renovation loan to finance the improvements. The couple moved into the four-bedroom, two-bathroom house last summer “knowing we were going to rip out the kitchen,” said Jillian Soriano, who wanted an open-concept cooking and dining area. “I wanted […]

Read More...

Fannie, Freddie to Start Paying Into Low-Income Housing Fund

Fannie Mae and Freddie Mac (FMCC) will start making payments that could total hundreds of millions of dollars annually into a fund for affordable housing. Melvin L. Watt, who oversees the companies as director of the Federal Housing Finance Agency, instructed them today to start setting aside a portion of their revenue for the National […]

Read More...

Life Without Fannie and Freddie

The housing-industrial complex spends so much money lobbying to maintain federal mortgage subsidies that it’s easy to forget how little they matter to the average borrower. A recent report from the Congressional Budget Office does a public service in showing how easily the U.S. could transition to a free market that doesn’t threaten taxpayers. Last […]

Read More...

Casteel, Fannie Mae Beasley

Fannie Mae Beasley Casteel, 100, of Chattanooga, passed away on Tuesday, December 23, 2014. She was born in Murphy, N.C. to the late Henry and Mollie Beasley. Fannie Mae had been a resident of the Chattanooga area for the past 75 years.  She was a loving mother, to her children and grandchildren.  Fannie Mae was of the Baptist faith […]

Read More...

3% down mortgages from Fannie Mae are back!

Ideal Level for Oil?; Heed the Rotation: Jim Cramer’s Best Blogs Dec. 27, 2014 Jim Cramer’s ‘Mad Money’ Recap: Here Are My ABCs of Financial Literacy Dec. 26, 2014 Jim Cramer: Not Much of a Market for Oil, Just Producers Still Pumping Dec. 26, 2014 Jim Cramer’s Picks for What to Buy in Oil and […]

Read More...