Archive for June, 2016


Freddie Mac: These are the 4 things Baby Boomers want in their next home

Many Baby Boomers and others who are older than 55 are planning to move into a rental unit in the near future, according to Freddie Mac’s 55+ Survey of housing plans of people born before 1961. They survey is based on responses from almost 6,000 homeowners and renters born before 1961. The results show that […]

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Trump wrongly says Clinton filibustered Fannie Mae and Freddie Mac legislation

Responsibility for the 2008 housing crisis is at stake in a new attack launched by Donald Trump against Hillary Clinton. “Hillary Clinton filibustered legislation to reform Fannie and Freddie Mae – institutions at the center of the Great Recession – which have been funneling hundreds of thousands to Hillary Clinton’s campaign and Foundation,” a statement […]

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71% of those with student debt say it delays homeownership: Survey

Student debt is also keeping 4 in 10 graduates from moving out of a family member’s house. The survey of 3,000 people conducted in April covered only those who are making on-time payments on their student loans. The largest share of those postponing homeownership was among older millennials, aged 26 to 35, and among those […]

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Fannie Mae Is a Whopping $36 Million Over Budget on its New Headquarters

Fannie Mae is no stranger to opulent spending. It’s history is checkered with accounting scandals that helped inflate executive pay and instances where it lavished money on lobbyists to protect its unique status as a quasi-governmental organization that sent its profits to shareholders rather than the Treasury. One would think that now that Fannie is […]

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Kroll Bond Rating Agency Releases CMBS Research: Freddie Mac K-Series Borrowers Move On, Or Top Off

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) today released a study of defeasance and the incurrence of supplemental debt among loans in the Freddie Mac K-Series program. The study included a review of 75 rated 5, 7 and 10-year K-Series fixed rate transactions, with a current outstanding principal balance of $ 97.9 billion (5,710 loans). […]

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BRIEF-Freddie Mac provides June 2016 outlook

June 27 Federal Home Loan Mortgage Corp * House price appreciation forecast for 2016 has increased by 20 basis points to 5.0 percent * Outlook for June shows that low mortgage rates are helping to keeping housing on track despite rising house prices * Given recent data around GDP,expect growth rebound in remaining quarters of […]

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Where Theory Meets Reality – Ginnie Mae Takes Out Freddie Mac

Richard X. Bove, Vice President Equity Research at Rafferty Capital Markets, discusses replacing Freddie Mac with Ginnie Mae. Where Theory Meets Reality – Ginnie Mae Takes Out Freddie Mac Hypothetical Assume for the moment that a government takes the following steps: It knowingly bankrupts company A; and then Has a company B, which it wholly […]

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FICS® Partners with Fannie Mae® to Enhance Mortgage Servicer® for Future Changes to Investor Reporting

DALLAS–(BUSINESS WIRE)–In preparation for Fannie Mae’s forthcoming Future Changes to Investor Reporting, Financial Industry Computer Systems, Inc. (FICS®), a provider of loan origination software, residential servicing software and commercial servicing software, has been working closely with the organization to ensure both its technology and current users are fully prepared once the changes take effect on […]

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Fannie Mae recognizes Trustmark for mortgage servicing

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Freddie Mac: 30-year mortgage rate inches up

After two weeks of decreasing 30-year mortgage rates, they inched up this week, but continue to hover near their three-year low. “The low rates continue to be good news for the housing market, as existing home sales rose 1.8 percent to a 5.53 million seasonally adjusted annual rate in the month of May – the […]

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