Archive for March, 2015


Ex-Fannie Mae CEO testifies in US$1 bln mortgage trial of Nomura, RBS

NEW YORK: Former Fannie Mae CEO Daniel Mudd testified on Tuesday in a US$1 billion civil trial over losses the company suffered on mortgage-backed securities and said it did not predict the severe decline in U.S. housing prices during the financial crisis. Mudd appeared in Manhattan federal court after being subpoenaed by Nomura Holdings Inc […]

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Ex-Fannie Mae CEO testifies in $1 billion mortgage trial of Nomura, RBS

By Nate Raymond NEW YORK (Reuters) – Former Fannie Mae FNMA.OB CEO Daniel Mudd testified on Tuesday in a $1 billion civil trial over losses the company suffered on mortgage-backed securities and said it did not predict the severe decline in U.S. housing prices during the financial crisis. Mudd appeared in Manhattan federal court after […]

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Ex-Fannie Mae CEO testifies in $1 bln mortgage trial of Nomura, RBS

By Nate Raymond NEW YORK (Reuters) – Former Fannie Mae (FNMA.OB) CEO Daniel Mudd testified on Tuesday in a $1 billion civil trial over losses the company suffered on mortgage-backed securities and said it did not predict the severe decline in U.S. housing prices during the financial crisis. Mudd appeared in Manhattan federal court after […]

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Fannie, Freddie $10B MSR Portfolio Up for Sale

Print Email Reprints Comment Twitter LinkedIn Facebook Google+ A Freddie Mac and Fannie Mae mortgage servicing rights portfolio with approximately $10 billion of unpaid principal balance is now on the market. Nearly one-quarter of the portfolio’s mortgages are located in California, while 12% are in Colorado and 7% are in Washington. The average loan size […]

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Pending home sales point to hopeful sign for housing

Colder than average temperatures and heavy snow in much of the U.S. failed to keep February home buyers away. Signed contracts to buy existing homes rose 3.1 percent from January, according to the National Association of Realtors (NAR). The Realtors’ so-called “Pending Home Sales Index” is 12 percent higher than one year ago, and is […]

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February’s Pending Home Sales Hit Highest Level Since June 2013, Says NAR

The number of contracts signed to buy previously-owned homes in February hit the highest level since June 2013, thanks to big leaps in the Midwestern and Western regions, the National Association of Realtors said Monday. NAR’s Pending Home Sales Index, which tracks contract signings (as opposed to closed sales), rose 3.1% in February to 106.9, from […]

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Pending Sales of U.S. Homes Rose More Than Forecast in February

(Bloomberg) — More Americans than forecast signed contracts to purchase previously owned homes in February, indicating a pickup in the housing market ahead of the spring selling season. The index of pending sales increased 3.1 percent to 106.9, the highest since June 2013, after a 1.2 percent gain the prior month that was smaller than […]

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National Association of Realtors Sees Slow Uptake of .realtor Domains

SPONSORED CONTENT FROM AND What’s this? By Julia Haskins / Mar 30, 2015 (iStock/Thinkstock) Registrations for .realtor domain names have declined, but the low level of interest could point to larger issues with how generic top-level domains are being created and marketed to consumers. More than four months after the National Association of Realtors (NAR) […]

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Pending Home Sales Jump 3% in February

The National Association of Realtors (NAR) on Monday morning released its data on pending sales of existing homes for February. The pending home sales index rose 3.1% from a slightly downwardly revised index reading of 103.7 in January to the February reading of 106.9. That is 12% higher than in February 2014, when the index […]

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Fannie Mae recklessness risks future financial crises and taxpayer losses …

Nearly seven years after it was bailed out from the housing market crash, mortgage giant Fannie Mae is still engaging in behavior that could precipitate future financial crises and taxpayer losses, a government watchdog warns in a report to be released Wednesday. The Federal Housing Finance Agency inspector general said its latest concerns involve Fannie […]

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