Archive for August, 2015


HAMP Borrowers Facing Higher Payments May Be Able to Turn to Freddie Mac

For homeowners who received a modification through the government’s Home Affordable Modification Program (HAMP) and are facing higher monthly payments due to a reset, Freddie Mac is offering assistance, according to a post on Freddie Mac’s blog on Thursday. Borrowers who can’t afford their monthly payments due to the increase or for those who have […]

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Fitch Upgrades Freddie Mac’s Commercial Mortgage Special Servicer Ratings

NEW YORK, Aug 28, 2015 (BUSINESS WIRE) — Fitch Ratings takes the following actions on the commercial mortgage servicer ratings of Freddie Mac’s Multifamily Division: –Commercial mortgage special servicer rating upgraded to ‘CSS2’ from ‘CSS2-‘; –Commercial mortgage master servicer rating affirmed at ‘CMS2’. The upgrade of the special servicer rating reflects the special servicing group’s […]

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Freddie Mac: Mortgage rates drop

(NBC) – Mortgage giant Freddie Mac says the average rate on a 30-year fixed mortgage dropped from 3.93 percent a week ago to 3.84 percent this week. The stock market’s dramatic plunge early in the week sent investors flooding to the safety of the bond market causing prices to rise which dampens rates. Mortgage rates […]

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Economist sees boom in Upstate housing, real estate

Lawrence Yun, chief economist at the National Association of Realtors, isn’t puzzled by the current state of American politics. As he addressed about 200 local real estate professionals and guests Thursday, Yun called the rapid emergence of Donald Trump and Bernie Sanders “a testament of Americans’ frustration with Washington.” That frustration is because seven years […]

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Greater Fort Worth Association of Realtors

Can you buy a home if you have bad credit? Try taking these five steps There are many variables that come into play when you decide to purchase a house. You may save for a while toward a downpayment and determine what kind of mortgage payment would work best for your budget. But is your […]

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July was a busy month for pending home sales

Jeff Clabaugh Broadcast/Web Reporter Washington Business Journal Sponsor Listing Enlarge Contract signings were up 7.4 percent from a year ago. Pending sales of existing homes rose only modestly in July, but contract signings were up sharply from a year ago, and it was the 11th consecutive month for a year-over-year gain. The National Association of […]

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Freddie Mac’s diagnosis: Housing markets are in stable condition

Takeaways: Freddie Mac gave more than half the states a clean bill of health this week. Twenty-eight of the 50 states, plus Washington, D.C., have Multi-Indicator Market Index (MiMi) values in a stable range, Freddie Mac said. Cities showing the most improvement are Stockton, California, and several Florida cities: Cape Coral, Sarasota, Lakeland and Tampa. […]

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Fitch Affirms FREMF 2011-K16 & Freddie Mac Structured Pass-Through …

NEW YORK, Aug 27, 2015 (BUSINESS WIRE) — Fitch Ratings has affirmed five classes of FREMF 2011-K16 multifamily mortgage pass-through certificates and three classes of Freddie Mac structured pass-through certificates series K-016. A detailed list of rating actions follows at the end of this press release. KEY RATING DRIVERS The affirmations are due to stable […]

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Freddie Mac: China volatility pushes interest rates lower

Fixed mortgage rates declined to their lowest levels since May of this year due to ongoing global volatility out of China, Freddie Mac’s Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 3.84%, for the week ending Aug. 27, 2015, down from last week when it averaged 3.93 %. A year ago at this time, […]

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Pending home sales rose just 0.5% in July

“Contract activity in most of the country held steady last month, which bodes well for existing-sales to maintain their recent elevated pace to close out the summer,” said Lawrence Yun, chief economist for the NAR in a release. “While demand and sales continue to be stronger than earlier this year, Realtors have reported since the […]

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