Archive for April, 2015


Freddie Mac: Mortgage rates reverse course, move higher

Mortgage rates ticked slightly higher amid mixed housing and economic reports this week, the latest Primary Mortgage Market Survey from Freddie Mac said. The 30-year, fixed-rate mortgage averaged 3.68% for the week ended April 30, 2015, up from last week’s 3.65%, but down from last year’s 4.29%. In addition, the 15-year, FRM inched higher, moving […]

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March Pending Home Sales Rise 1.1%, Hit 22-Month High, NAR Says

The number of contracts signed to buy previously-owned homes ticked up in March to hit a new 22-month peak, reaching its highest level since June 2013, thanks to gains in the West and South, the National Association of Realtors said Wednesday. NAR’s Pending Home Sales Index, which tracks contract signings (as opposed to closed sales), rose 1.1% […]

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NAR sponsoring Realogy’s ‘FWD’ Innovation Summit

The National Association of Realtors’ tech accelerator, REach, is sponsoring Realogy’s third annual one-day “FWD” real estate pitch competition, which will be held in San Francisco on June 23. The perks for REach, which announced its 2015 class of seven startups earlier this month, include branding on the FWD Innovation Summit website and other event materials. It […]

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Fannie Mae Honored by EPA as a 2015 ENERGY STAR(r) Partner of the Year – Multi

Apr. 29, 2015 Washington, D.C.—The U.S. Environmental Protection Agency (EPA) has recognized Fannie Mae with a 2015 ENERGY STAR® Partner of the Year – Energy Efficiency Program Delivery Award for its outstanding efforts to increase adoption of energy-efficient policies and practices in multifamily housing. Fannie Mae, an ENERGY STAR partner since 2011, was honored for […]

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Serious Delinquency Rate Falls Amid Portfolio Expansion for Freddie Mac

Freddie Mac‘s total mortgage portfolio expanded at an annualized rate of 0.9 percent in March, the sixth time in the past seven months the portfolio has expanded, while the serious delinquency rate on single-family loans fell to its lowest level in six and a half years, according to Freddie Mac’s March 2015 Monthly Volume Summary […]

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Freddie Mac selling $233 million pool of Ocwen-serviced loans

Freddie Mac announced Tuesday that it is preparing to auction off a $233 million pool of non-performing loans, which are serviced by Ocwen Financial (OCN). Ocwen said in December that it plans to exit agency servicing entirely and has been selling off pools of agency servicing rights by the truckload lately, including the recent sale of a […]

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One Half Of Freddie Mac’s Draws On The US Treasury Resulted From Lower …

This article examines an important reason-derivative losses-that helps to explain why Freddie Mac (OTCQB:FMCC) needed to draw on the U.S. Treasury during the 2008-2012 period. Freddie Mac is underfollowed by professional sell-side analysts. Thus, it seems useful to “deep dive” into an important cause of FMCC’s draws on the Treasury. My hope has always been […]

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Moody’s: Super-priority lien warning positive for Freddie Mac’s latest …

The Federal Housing Finance Agency issued a statement warning last week that Federal law prohibits state courts from involuntarily extinguishing Fannie Mae and Freddie Mac liens to give precedence to so-called “super-priority” liens. They cited that the relevant portion of Title 12 United States Code Section 4617 states that, while the FHFA acts as Conservator, […]

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Freddie Mac Reaches $100B in K-Deals

Freddie Mac headquarters McLEAN, VAFreddie Mac Multifamily has announced that it has securitized more than $100 billion of multifamily mortgages since the program was launched in 2009. That year there was only $2 billion in issuance. Fast forward to 2015: the GSE expects to see some $30 billion in K-Deals by year’s end, the most […]

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Fannie Mae and Freddie Mac Need a Fix Before Mortgage Market Overhaul

Reports that Fannie Mae and Freddie Mac are down to fumes and could need another infusion of taxpayer dollars to stay capitalized have revived an ongoing debate on what, if any, role the government should have in the multi-trillion dollar mortgage finance market. It is debate worth having, but we need to put the horse […]

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