Archive for November, 2015


Housing Continues Its Uneven Regional Recovery: Freddie Mac

Freddie Mac’s Multi-Indicator Market Index is pursuing its slow climb, but still shows housing recovering unevenly across the nation. The index, which measures home-purchase applications, payment-to-income ratios and the proportion of current mortgage payments per market, as well as employment statistics, reached 81.3 in September, up 67 basis points from the previous month. Since September […]

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Mortgage Charges Decline, Freddie Mac Says

Rates eased in the most recent week, mortgage provider Freddie Mac said Wednesday. The 30-year fixed-rate loan averaged 3.95% in the week ending Nov. 25, down from 3.97%. The 15-year fixed-rate mortgage rate was unchanged at an average 3.18%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.01%, up from 2.98% in the prior week, and […]

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Freddie Mac: ‘Vast Majority’ of Housing Markets Still Trying to Get Back to …

Freddie Mac’s Multi-Indicator Market Index (MiMi) for October 2015 released this week remained in the outer range of stable and continues to slowly improve, but an economist from the GSE says the “vast majority” of housing markets are still trying to return to their long-term “benchmark normal” range. The national MiMi, which monitors and measures […]

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Silicon Valley Association of REALTORS® Earns Third NAR Platinum Award for …

Cupertino, CA – November 27, 2015 – (RealEstateRama) — For the third year in a row, the Silicon Valley Association of REALTORS® (SILVAR) has earned the National Association of REALTORS® (NAR) Platinum Award for Global Achievement. The platinum award is the highest distinction presented by NAR to an association for having demonstrated through its global […]

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Capital One issues $2.6M Freddie Mac loan to refinance RV Park

Capital One has provided a $2.625 million Freddie Mac fixed-rate loan to refinance Palm Drive Mobile Home and RV Park, a manufactured housing community (MHC) in Wickenburg, Arizona, part of the Phoenix MSA. Senior Vice President Chad Thomas Hagwood, head of Capital One Multifamily’s Birmingham, Alabama office, originated the transaction.  The borrowers have over 32 […]

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Mortgage Rates Quiet Pre-Thanksgiving: Freddie Mac

Mortgage rates remained steady during the week ending Nov. 25, according to Freddie Mac’s Primary Mortgage Market Survey. There were dips in the rates of certain products. The 30-year fixed-rate mortgage averaged 3.95%, down 2 basis points from the previous week. Meanwhile, one-year Treasury-indexed hybrid adjustable-rate mortgages dropped 5 basis points to an average of […]

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Realtors association announces annual award winners

Star award.(Photo: Getty Images) The Reno/Sparks Association of Realtors announced its 2015 annual award winners at the association’s annual dinner on Nov. 14. Winners included Mark Ashworth, a Realtor with Transaction Realty, who was named Realtor of the Year for demonstrating high involvement and activity in RSAR, his business accomplishments and activity in local civic […]

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No hike in limits for most federally backed mortgages

The FHFA won’t hike the limits in most markets on mortgages backed by Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) beyond $417K – it’s the 11th consecutive year that number has been in place. Primo areas like San Jose, San Francisco, and New York will keep their limit of $625K, while 39 other counties will […]

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California REALTORS® disappointed FHFA did not increase Fannie Mae and Freddie …

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Fannie Mae joins e-document revolution

Fannie Mae is joining the electronic document revolution. The government-sponsored enterprise announced that it is partnering with DocuSign to provide an “easy, fast, and secure way” to execute agreements with Fannie Mae by allowing electronic signatures on several of its documents. The new e-document process will also allow for the electronic tracking and handling of […]

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