Archive for May, 2015


Looking Forward To Fannie And Freddie Appeal

Introducing Fannie Mae The Federal National Mortgage Association (Fannie Mae) (OTCBB: OTCQB:FNMA) is a Government-sponsored enterprise (GSE) in the housing finance market. As a housing GSE, Fannie Mae is a federally chartered, shareholder-owned, private company with a public mission to provide stability in and to increase the liquidity of the residential mortgage market and to […]

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Freddie Mac Prices New $4.0 Billion Two-Year Reference Notes(R) Security

Freddie Mac (OTCQB: FMCC) announced today that it priced its new .75% two-year USD Reference Notes® security due on July 14, 2017. The issue, CUSIP number 3137EADV8, was priced at 99.922 to yield .787%, or 13.5 basis points more than two-year U.S. Treasury Notes. The issue will settle on Friday, May 29, 2015. The new […]

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Housing Markets Continue to Improve: Freddie Mac

Print Email Reprints Comment Twitter LinkedIn Facebook Google+ Freddie Mac’s monthly Multi-Indicator Market Index showed almost 80% of the top 100 housing markets in the country continued to improve in March from February, the government-sponsored enterprise said Wednesday. According to the index, 17 states as well as the District of Columbia had market values in […]

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Freddie Mac: Mortgage rates hit new high for 2015

Average fixed mortgage rates are moving higher amid positive housing data and pushing fixed mortgage rates to their highest level of the year, according to Freddie Mac. The 30-year fixed-rate mortgage averaged 3.87% with an average 0.6 point for the week ending May 28, 2015, up from last week when it averaged 3.84%. A year […]

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Existing-Home Sales In April: 40% Sold At Or Above Asking Price, NAR Says

Sales of previously-owned homes fell by 3.3% in April on short inventory,with the housing market slowing everywhere but the Midwest. Tight supply helped drive prices higher: 40% of previously-owned homes sold in April went at or above the asking price. Completed transactions of existing-homes (single-family homes, townhomes, condominiums and co-ops) fell to an annual, seasonally adjusted rate of 5.04 million in April, below March’s […]

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Los Gatos-Saratoga: Realtors learning about ‘Doing Business with Mexico’

Thirty members and guests of the Silicon Valley Association of Realtors attended “Doing Business with Mexico,” the second of a series of programs hosted by the local trade association’s Global Business Council. Real estate professionals shared valuable information on both inbound and outbound transactions involving the country, cultural differences and discounted several myths. Panelists included […]

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Tick, tick, tick: Fannie Mae employees must decide by June 4 on retirement assets

Investment advisers and brokers in the Washington, D.C., area may be getting new business from current and former employees of a federal housing agency who must decide within the next week what to do with their retirement funds. The Federal National Mortgage Association, or Fannie Mae, as well as the Federal Home Loan Mortgage Corp., […]

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Freddie Mac back with new high-LTV risk-sharing mortgage bond

Freddie Mac is back in the market with its fourth risk-sharing deal of the year, as the government-sponsored enterprise continues in its push to alleviate the risk to the American taxpayers. Earlier this year, Freddie brought its first high loan-to-value ratio risk-sharing deal to market in the form of Structured Agency Credit Risk Series 2015-HQ1, […]

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Freddie Mac: The top 5 improving metros right now

While still struggling, the housing market is improving, with Freddie Mac’s latest housing report highlighting 5 metros that are outpacing the rest of the market. As a nation, Freddie’s Multi Indicator Market Index sat at 75.4, indicating a weak housing market overall but showing an improvement of 0.69% from February to March. The MiMi posted […]

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Freddie Mac completes sale of $201 million pool of Ocwen-serviced loans

Freddie Mac sold 1,052 deeply delinquent Ocwen serviced non-performing loans from its mortgage investment portfolio as part of its Standard Pool Offerings, marking its third sale of seriously delinquent loans in 2015. The enterprise first announced back in April that it was preparing to auction off a $233 million pool of non-performing loans, which are […]

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