Archive for May, 2016


Freddie Mac Exceeds Portfolio Reduction Goal

Freddie Mac reported that it has already exceeded the 2016 goal for reducing its mortgage-related investments portfolio only a third of the way through the month, according to Freddie Mac’s April 2016 Monthly Volume Summary released this week. The mortgage-related investments portfolio for Freddie Mac contracted at an annual rate of 22.4 percent in April […]

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National Association of Realtors bans Zillow from 2016 events

Errol Samuelson , a NTA conference and Cameron Paine Zillow was conspicuously absent at the National Association of Realtors’ (NAR’s) midyear conference last week. And that was for a good reason: they weren’t allowed to come. At the event, MLS CEO Cameron Paine asked the crowd why News Corp.-owned realtor.com operator Move Inc. was pitching […]

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Goldman Sachs subsidiary just bought more non-performing loans from Fannie Mae

For the third time in 2016, MTGLQ Investors, L.P., a “significant subsidiary” of Goldman Sachs is the winning bidder for a pool of non-performing loans from Fannie Mae, pushing the amount of loans sold to MTGLQ Investors over $2 billion in 2016. According to the Securities and Exchange Commission, Goldman Sachs owns, directly or indirectly, at least 99% […]

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Fannie Mae: Sweeney’s Latest Orders Pull the Curtain Back Even More on Sweep

Fannie Mae: Sweeney’s Latest Orders Pull the Curtain Back Even More on Sweep by Investors Unite It looks like Judge Margaret Sweeney of the U.S. Court of Federal Claims wants to cut to the chase. This week, she issued an order affirming that she wants to review all documents the government has been trying to […]

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Opinion Journal: Will Fannie Mae Ever Die?

1:59   Trump’s Game Plan: Put 15 States in Play 5/28/2016 6:00AM Presumptive GOP nominee Donald Trump says he’s going to focus on 15 states to be competitive in the general election, including California, New York and others that Republicans usually concede. WSJ’s Shelby Holliday runs through the obstacles Trump will have to overcome.

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Freddie Mac Prices $1.3 Billion Multifamily K-Deal Backed by Properties Controlled by Starwood Capital Group

MCLEAN, VA, May 27, 2016 (Marketwired via COMTEX) — MCLEAN, VA–(Marketwired – May 27, 2016) – Freddie Mac (otcqb:FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are multifamily mortgage-backed securities. The company expects to issue approximately $1.3 billion in K Certificates (K-SW1 Certificates), which are backed by 25 properties indirectly […]

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Freddie Mac Issues Monthly Volume Summary for April 2016

MCLEAN, VA–(Marketwired – May 26, 2016) – Freddie Mac (OTCQB: FMCC) today issued the company’s Monthly Volume Summary for April 2016. The summary, available on the company’s website at www.FreddieMac.com/investors/volsum, provides information on Freddie Mac’s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments. Freddie Mac was established by Congress in 1970 […]

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Freddie Mac readies sale of $783 million in non-performing loans

Freddie Mac announced recently that it plans to sell $783 million in non-performing loans that are currently held in its investment portfolio as part of its third NPL sale of 2016. According to the announcement from Freddie Mac, the NPLs are being marketed in seven pools, five of which are Standard Pool Offerings. The remaining […]

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Pending Sales of U.S. Existing Homes Rise by Most Since 2010

Contracts to purchase previously owned U.S. homes climbed in April by the most since October 2010, adding to signs that the industry’s busy selling season was off to a good start, according to data released Thursday by the National Association of Realtors. Key Points Index of pending home resales increased 5.1 percent (forecast was 0.7 […]

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Dearborn Board well represented at the National Association of Realtors

Michigan Realtors meeting with Senator Peters WASHINGTON — From May 9 to May 14, the National Association of Realtors held its annual legislative meetings and expo, with the Dearborn Area Board of Realtors well represented.  Sam Baydoun, the 2016 president of the organization, attended many of the legislative meetings along with President Elect Robert Marx […]

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