Archive for February, 2016


Mortgage rates resume decline, Freddie Mac says

Bank of America may be starting a trend. Self-Help will then sell them to Freddie Mac, the mortgage-finance company that has been under government control since 2008. In 2014, Bank of America reached a $16 billion settlement with the Justice Department. “Wells Fargo, Chase – other banks – could do similar programs through this if […]

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Treasury & Its Allies Imprison Fannie Mae & Freddie Mac With Math That Doesn’t Add Up

Treasury And Its Allies Imprison Fannie Mae And Freddie Mac With Math That Doesn’t Add Up It was quite a week on the question of recapping and releasing Fannie Mae and Freddie Mac. The main takeaway is that Treasury and its allies are more dug in than ever in opposing the end of the conservatorship. […]

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Housing: Freddie Mac enhances disclosures

MCLEAN, VA. GT;GT; Freddie Mac on Monday further expanded its leading Single-Family Credit Risk Transfer initiatives by enhancing disclosures and announcing its intent to sell its next offering of Structured Agency Credit Risk desk notes pending market conditions. The debt notes, STACR 2016-HQA1, are being made available in the company’s second STACR offering this year. […]

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US Pending Home Sales Tumbled 2.5% in January

WASHINGTON—The number of existing homes tentatively sold across the U.S. fell in January, as swiftly rising prices and lower inventory muted buyer demand after the strongest year in nearly a decade. An index measuring pending home sales—a gauge of purchases before they become final—fell 2.5% to a seasonally adjusted reading of 106.0 in January, the […]

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Fannie Mae to the Rescue: $1.6 Billion to Support the Multifamily Small Loan Market

Fannie Mae (FNMA/OTC) provided $1.6 billion in financing to the multifamily market to support small loans comprising over 33,000 units in 2015.  Over ninety percent of the small loan units the company financed in 2015 supported affordable and workforce housing. “Small loans are a critical part of the work we do to make affordable, quality […]

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Freddie Mac profit rises on higher interest rates

NEW YORK (AP) — Freddie Mac, the government-controlled mortgage company, said its net income jumped in the fourth quarter on higher interest rates. It also said Thursday that it will pay a dividend to the U.S. Department of Treasury of $1.7 billion next month. Freddie Mac has paid more than $96 billion in dividends to […]

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Low Interest rate regime – a curious case says Freddie Mac

Interest rates have been hovering around all-time lows for the past many quarters. Recently, the Federal Reserve raised the interest rates slightly. Federal Reserve had also indicated that rates could be increased in future as well but the decision on further interest rate hike would be taken only after considering the factors impacting economy. The […]

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Personnel announceemnts

WCI Communities The top sales performers of January have been named: Timberwood Preserve: Kim Feltis. Hampton Park: Andrea Poulton. Pelican Preserve: Jacklyn Rogers. The Colony Golf Bay Club: Patrick Ruff. Raffia Preserve: Jamie Meisterheim. Livingston Lakes: Aaron Isban. Artesia Naples: Fred Zuccarelli. LaMorada Naples: Mike Farmer. Carrara at Talis Park: Shoshana Yeager. Andrea Poulton and […]

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Fannie Mae and Freddie Mac: Foreclosing on Investors’ Hopes

The door just slammed shut on hopes of Fannie Mae and Freddie Mac investors. The two mortgage giants reported fourth-quarter and full-year earnings this week. Fannie reported net income of $2.5 billion in 2015’s fourth quarter, at Freddie it was $2.1 billion. Investors now have a clearer picture of the companies’ earnings power. Since the…

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Non-Profit Wins Fannie Mae Distressed Loan Auction

Lawmakers and activists that have been calling for Fannie Mae, Freddie Mac, and HUD to sell their non-performing mortgage loans to non-profits saw their wish come true on Thursday. New Jersey Community Capital (NJCC), a non-profit Community Development Financial Institution (CDFI), was the winning bidder for Fannie Mae’s second-ever Community Impact Pool auction of non-performing, deeply […]

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