Archive for June, 2015


Morgan County Board of Realtors dissolves

Click photo to enlarge As one chapter in Morgan County real estate history ends, another one is just beginning. The Morgan County Board of Realtors is dissolving after six decades, but the local Realtors are finding new opportunities for growth and networking on other area Realtor boards. Chartered in 1955, the Morgan County Board of […]

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Nevada HOA Foreclosures Cannot Extinguish Deeds of Trust Held by Fannie …

Yesterday, the U.S. District Court for the District of Nevada issued an important ruling concerning the litigation over whether homeowners’ association foreclosures under Nevada’s super-priority lien statute (NRS 116.3116) can extinguish first deeds of trust when the underlying indebtedness is owned by a Government-Sponsored Enterprise (GSE) like Federal National Mortgage Association (Fannie Mae) or Federal […]

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Freddie Mac housing indicator says Nashville housing surging

It’s not so much a news flash as an affirmation of what a lot of us are seeing out and about every day: The Middle Tennessee area’s housing market is growing stronger every month. Freddie Mac’s Multi-Indicator Market Index rose to 87.4 in April and is now up almost 10 points from three months earlier. […]

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Average Rate for 30-Year Mortgage Edges up, Freddie Mac Says

(TNS)—Mortgage rates are looking stable amid an improving housing market, with Freddie Mac’s latest survey showing that lenders were offering 30-year fixed-rate home loans this week at an average interest rate of 4.02 percent, up from 4 percent a week ago. The results of Freddie Mac’s weekly survey, released Thursday, says the average for a […]

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Bill Ackman Is Confident About Freddie Mac (NYSE:FRE-PK) and Fannie Mae …

During the course of last year, Bill Ackman, an activist who has invested in Freddie Mac (NYSE:FRE-PK) and Fannie Mae (NYSE:FNM-PK) has brought quite a reputation to these companies. It was due to these entities that the period of Great Recession sped up. However, the activist seems to have forgotten those times, and believes that […]

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Half Of U.S. Homes Now Selling In 40 Days Or Fewer, Says National Association …

Home Sales Hit 22-Month Best Home sales volume continues to impress nationwide. According to the National Association of REALTORS®, 5.35 million homes sold in May 2015 on a seasonally-adjusted, annualized basis, continuing this year’s strong start for the housing market. Current mortgage rates, which have been low since October of last year, are helping to boost sales. The typical […]

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Consumers Are Terrible At Predicting Home Values, Fannie Mae Survey Shows

Fannie Mae Surveys 1,000 U.S. Consumers With current mortgage rates hovering near four percent, millions of U.S. homeowners are in position to refinance to save money. And, although more households are refinancing than during any period in the last 18 months, only half of consumers think “it would be easy” to get a mortgage today.  It’s an […]

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Why a Billionaire Hedge Fund Manager Is Betting Big on Fannie Mae and …

Over the past year and a half, famed activist investor Bill Ackman has built a massive long position in two of the most derided companies in the U.S.: Fannie Mae (NYSE:FNM-PK) and Freddie Mac (NYSE:FRE-PK). These two government-sponsored entities were central to the subprime mortgage crisis and housing collapse that spurred the Great Recession. Why is Ackman so confident these […]

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Freddie Mac Helps Preserve Low-Income Rental Housing by Purchasing $215 …

(Source: Freddie Mac) MCLEAN, VA-  Freddie Mac (OTCQB: FMCC) is helping to preserve low-income rental housing by financing a $215 million loan for Harbor Point on the Bay, a large 1,284-unit mixed-income community that includes both affordable and market-rate housing on more than 43 acres in Boston. KeyBank Real Estate Capital arranged the senior debt financing for […]

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Freddie Mac’s second actual loss STACR deal prices wide

After market demand caused Freddie Mac to increase the size of its first Structured Agency Credit Risk series offering featuring actual loss positions, Freddie Mac announced the pricing of its second actual loss STACR deal, with STACR Series 2015-DNA2 pricing wide compared to STACR Series 2015-DNA1. According to Freddie Mac, STACR Series 2015-DNA2 featured debt notes of $950 million. In […]

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