Archive for April, 2016


Housing Market Continues Upward Climb: Freddie Mac

Though parts of the country are still struggling to return to benchmark levels, many of the housing markets across the U.S. showed signs of improvement in February, according to Freddie Mac’s Multi-Indicator Market Index. The national Multi-Indicator Market Index value rose 0.36% month-over-month in February to 83, signaling that the U.S. housing market is on […]

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Freddie Mac: Mortgage rates slightly increase, still well below 4%

While the market reacted to the Federal Open Market Committee’s announcement yesterday, the news came too late to impact this week’s mortgage rates. According Thursday’s Primary Mortgage Market Survey from Freddie Mac, average fixed mortgage rates slightly increased but are still well below 4% for now. “Treasury yields marched higher this week.  As a result, […]

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High prices in the District are pushing more home buyers past the city limits

Steve Goetz and Tiffany Williams, with Betty, left, and Jimbo, relax in their Hyattsville condo. (Katherine Frey/The Washington Post) When Steve Goetz purchased his 800-square-foot condo in Columbia Heights about three years ago, the two-bedroom, one-bathroom home had more than enough space for him. But then he got engaged. Then he and his now-wife, Tiffany […]

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HomeSelfe Selected In Exclusive 2016 REach® Accelerator Class By Second Century Ventures And The National …

HomeSelfe is a product of Energy Datametrics, the leading energy efficiency platform for over 150 utilities reaching more than 9 million consumers. HomeSelfe’s industry leading DIY energy efficiency/saving apps enable agents and brokers to engage more prospects and close more deals by helping their clients reduce their utility bills, provide valuable rebate information and increase […]

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Greystone Provides $45.5 Million in Fannie Mae Financing for Two Phoenix Multifamily Communities

NEW YORK, April 27, 2016 (GLOBE NEWSWIRE) — Greystone, a real estate lending, investment and advisory company, today announced it has provided two Fannie Mae DUS® loans totaling $45,565,000 for the refinancing of 1,009 units in Phoenix, AZ. The loans were originated by Tony Spaeth of Greystone. Both Fannie Mae DUS loans carry identical terms […]

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Fannie Mae To Securitize Reperforming Loans

Fannie Mae plans to start securitizing reperforming loans held on the company’s balance sheet in the second half of this year. The government-sponsored enterprise says it may eventually decide to sell these mortgage-backed securities to investors, as it continues to reduce the size of its retained mortgage portfolio. “With these securitizations we’ll have more flexibility […]

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Fitch Affirms FREMF 2013-K29 & Freddie Mac Structured Pass-Through Ctfs, Series K-029

NEW YORK–(BUSINESS WIRE)–Fitch Ratings has affirmed six classes of FREMF 2013-K29 multifamily mortgage pass-through certificates and three classes of Freddie Mac structured pass-through certificates, series K-029. A detailed list of rating actions follows at the end of this release. KEY RATING DRIVERS The affirmations are based on the stable performance of the underlying collateral pool. […]

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KeyBank Provides $24.4M Freddie Mac Loan for Apartment Complex in Central Florida

KISSIMMEE, FLA. — KeyBank Real Estate Capital has provided a $24.4 million Freddie Mac loan for Arrow Ridge Apartments, a 320-unit multifamily community located at 4100 Arrow Ridge Place in Kissimmee. Built in 1999, the property features a fitness center, swimming pool and a playground. The loan was used to refinance an existing KeyBank bridge […]

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No Crisis Here: Freddie Mac Forecasts Return to 2006

Inconsistencies in the economy during the first quarter have not dampened Freddie Mac’s forecast for housing for the coming year. Freddie Mac has held fast to its prediction that 2016 will be the best year for housing since before the crisis. Freddie Mac doubled down on its housing forecast for 2016 as it released the […]

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Number of contracts to buy homes at highest level since May

More Americans signed contracts to buy homes in March as the spring home buying season got underway. The National Association of Realtors said Wednesday that its seasonally adjusted pending home sales index rose 1.4 percent to 110.5, the highest level since May 2015. Pending sales rose 3.2 percent last month in the Northeast and 3 […]

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