Archive for March, 2016


Freddie Mac Auctions $1.4 Billion In Nonperforming Loans

Freddie Mac recently auctioned about $1.4 billion in seriously delinquent loans, separated into seven pools. Community Loan Fund of New Jersey Inc. is the winning bidder on two of the pools, valued at $27 million and $37.6 million. These two pools were auctioned via the company’s Extended Timeline Pool Offering (EXPO) program, which targets participation […]

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Fitch Assigns Final Rating to FREMF 2016-K53 Multifamily Mtge PT Ctfs & Freddie Mac SPC Series K-053

NEW YORK–(BUSINESS WIRE)–Fitch Ratings has assigned the following ratings and Rating Outlooks to FREMF 2016-K53 multifamily mortgage pass-through certificates and Freddie Mac structured pass-through certificates series K-053: FREMF 2016-K53 Multifamily Mortgage Pass-Through Certificates –$106,316,000 class A-1 ‘AAAsf’; Outlook Stable; –$1,075,000,000 class A-2 ‘AAAsf’; Outlook Stable; –$1,181,316,000* class X1 ‘AAAsf’; Outlook Stable; –$1,181,316,000* class X2-A ‘AAAsf’; […]

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Freddie Mac: How Long Will This Farce Persist?

Richard X. Bove, Vice President Equity Research at Rafferty Capital Markets, highlights that Freddie Mac has no common equity and it may report a sizable first quarter loss. Highlights It would appear that Freddie Mac is in a great deal of trouble. The company has no common equity. The actual number is negative $83.5 billion. […]

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Why One U.S. Region Is Heading for a Big Uptick in Home Sales

Justin Horrocks/iStock ByClare Trapasso 1:30 pm ETMarch 28, 2016March 28, 2016 Where will the most homes be sold this spring? In the Midwest, the latest numbers show. All across the U.S., buyers were snapping up homes, pushing the number of residences under contract for sale in February 29% higher than January, the National Association of […]

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Freddie Mac Announces Second ACIS Credit Risk Transaction With $336M Limit

$thumbclass)); echo ‘‘; echo get_post(get_post_thumbnail_id())->post_excerpt; echo ”?>–> Freddie Mac announced today that it has obtained new insurance policies under its successful Agency Credit Insurance Structure (ACIS) program. Through ACIS, Freddie Mac obtains insurance policies that transfer a portion of the credit risk associated with its Structured Agency Credit Risk (STACR) debt note reference pools to […]

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Freddie Mac: Mortgage Rates Reverse Course, Move Lower

Mortgage rates shifted lower for the first time in four weeks during the week ending March 24, with the average 30-year fixed-rate mortgage (FRM) averaging 3.71%, down from the prior week’s 3.73%, according to Freddie Mac’s latest Primary Mortgage Market Survey. A year ago at this time, the 30-year FRM averaged 3.69%. The average rate […]

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Fannie Mae, Freddie Mac Exceed Risk-Sharing Goals

Fannie Mae and Freddie Mac began their risk-sharing initiatives in 2013 as a way to transfer risk from taxpayers to private investors while the Enterprises remain in conservatorship of the FHFA. Since then, the GSEs have transferred a substantial portion of the credit risk for mortgages totaling hundreds of billions of dollars in unpaid principal […]

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Pending home sales up 3.5% in February vs. expected gain of 1%

Economists polled by Reuters had forecast contracts rising 1.2 percent last month. Contracts were up 0.7 percent from a year ago. Regionally, signed contracts climbed 11.4 percent in the Midwest, with more modest gains in the South and West., the Associated Press reported. In the Northeast, the number of contracts dipped 0.2 percent, according to […]

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Which kind of real estate agent is the right one for you

Your home is probably your most important investment.(Photo: Getty Images) When you’re buying or selling a house, you’ll likely reach out for professional help from a real estate agent. But how to choose? There are Realtors and just plain real estate agents, part-time and full-time agents, family friends who are in the business, maybe even […]

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Freddie Mac Prices New $2.5 Billion Three-Year Reference Notes(R) Security

MCLEAN, VA–(Marketwired – Mar 18, 2016) – Freddie Mac (OTCQB: FMCC) announced today that it priced its new 1.125% three-year USD Reference Notes® security due on April 15, 2019. The issue, CUSIP number 3137EADZ9, was priced at 99.967 to yield 1.136%, 12.5 basis points more than the yield on three-year U.S. Treasury Notes. The issue […]

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