Archive for April, 2015


Jamaica most searched location on NAR – Realtors Association of Jamaica

Jamaica most searched location on NAR – Realtors Association of Jamaica Monday, April 27, 2015 | 11:38 AM     ‘+activeFrame.title + ‘‘); }else{ $(“.fotorama-caption”).addClass(“remove_caption”); } }) .fotorama(); KINGSTON, Jamaica – Jamaica is the number one sought after country on the National Association of Realtors (NAR) website, which is America’s largest trade association, representing more than […]

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Fannie Mae: Will Senator Grassley Be Bamboozled?

Richard X. Bove of Rafferty Capital Markets comments on Senator Charles Grassley’s requests for information concerning Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC). Request Ignored Approximately 3 weeks ago, Senator Charles Grassley (R., IA), Chairman of the Senate Judiciary Committee, sent letters to both the […]

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Freddie Mac Reaches the $100 Billion Milestone in Multifamily K-Deal …

Freddie Mac (OTCQB: FMCC) Multifamily today announces a significant milestone — it has securitized more than $100 billion of multifamily mortgages through its innovative K-Deal program. By laying off the vast majority of the expected credit losses of the underlying loans to private capital markets, K-Deals reduce the company’s credit exposure and taxpayer risk. Freddie […]

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FREDDIE MAC: Mortgage Rates Move Down Slightly

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Freddie Mac Prices Third STACR Offering of 2015 at More Than $1 Billion

Freddie Mac has announced the pricing of its third Structured Agency Credit Risk (STACR) debt notes offering for 2015, which has been increased up to $1.01 billion from $720 million due to market demand. The latest offering, STACR Series 2015-DNA1, represents a couple of firsts for Freddie Mac’s STACR program: it is the enterprise’s first […]

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As Freddie Mac Expands NPL Offerings, Banks Could Benefit

Print Email Reprints Comment Twitter LinkedIn Facebook Google+ Freddie Mac has planned its first Extended Timeline Pool Offering, the government-sponsored entity announced this week. The offering will include deeply delinquent nonperforming loans from its mortgage investment portfolio with an aggregate unpaid principal balance of $35 million located in Miami-Dade County, Fla., according to a press […]

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St. Paul Area Association of REALTORS Welcomes New CEO John Fridlington

ST. PAUL, Minn.–(BUSINESS WIRE)–The St. Paul Area Association of REALTORS® (SPAAR) is pleased to formally introduce its new chief executive officer, John Fridlington. Fridlington is responsible for oversight and management of the professional organization, which serves more than 6,000 REALTOR® members who live and work in 11 Twin Cities Metro Area counties. John began his […]

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Home sales saw their biggest monthly increase in 5 years

Enlarge THINKSTOCK Existing home sales in March were sharply higher than a year ago. The spring house-hunting season may be shaping up better than expected, with a big jump in sales last month. The National Association of Realtors says sales of existing homes in March rose 6.1 percent, the biggest monthly increase since December 2010. […]

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Fannie Mae Closes First Multifamily Deal to Benefit from its Green Building …

WASHINGTON, April 21, 2015 /PRNewswire/ — Fannie Mae (OTC Bulletin Board: FNMA) today announced the first loan to close with its Multifamily Green Building Certification Pricing Break. The Station House, which was acquired in April by Prudential Real Estate Investors on behalf of an institutional client,  is a 50-unit, mid-rise multifamily rental property in Maplewood, […]

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Freddie Mac Prices, Upsizes Actual Loss STACR to $1B

Freddie Mac headquarters McLEAN, VAFreddie Mac upsized its first STACR offering in which losses are to be allocated based on the actual losses realized on the related reference obligations to $1.01 billion from the original $720 million. The GSE cited market demand for the paper, which it first announced earlier this month. Freddie Mac introduced […]

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