Archive for July, 2016


Lot Lines: NAR commercial membership jumps

The median annual income and number of sales transactions of National Association of Realtors commercial members decreased slightly as the number of new members significantly increased in 2015, according to the 2016 NAR Commercial Member Profile. The number of commercial members with less than two years of experience nearly doubled to 9 percent in 2016, […]

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NAR: Proposed TRID changes a "significant victory"

The National Association of Realtors secured a victory in the changes announced Friday to the much-anticipated Consumer Financial Protection Bureau Know Before You Owe rule. NAR first reached out to the bureau in a letter at the beginning of June that identified three issues its members were experiencing with TRID, along with suggestions to fix […]

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Fannie Mae Releases Performance Data on Modified Loans

Fannie Mae has released historical performance data on a portion of its modified single-family loans. The data applies to 700,000 loans that were modified due to delinquency, Fannie Mae said in a news release. The release was made ahead of the reperforming loan securitization program that the government-sponsored enterprise previewed in April. “We are pleased […]

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Abductive Reasoning: The Government Theft Of Fannie Mae And Freddie Mac

Abductive reasoning is determining plausibility based on a set of evidence. Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) are two private companies in a government managed conservatorship. If committing accounting fraud to force companies you’re in charge of to take a poison pill in an attempt to run their shareholders interests into the ground is […]

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Fannie Mae sells first small NPL pool to private equity firm

Fannie Mae announced Thursday that it selected a winning bidder for its fourth sale of non-performing loans as part of its “Community Impact Pool” program, which consists of smaller pools of non-performing loans and is designed to attract participation by non-profits, small investors and minority- and women-owned businesses. But for the first time since it […]

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Mortgage rates tick higher, Freddie Mac says

Average fixed mortgage rates rose to their highest levels in nearly a month, outpacing gains in U.S. Treasury yields, Freddie Mac says in its latest weekly survey. The 30-year fixed mortgage rate averaged 3.48% in the week ended July 28, up from 3.45% in the previous week, while the 15-year fixed rate averaged 2.78%, up […]

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Mortgage Rates Fall From Freddie Mac’s 3.48% Published Rate

Rates Fall After Weekly Rate Update This week, Freddie Mac published a national average rate of just 3.48%. Now, rates are even lower. The agency polls lenders Monday through Wednesday each week to establish the “going rate” across the U.S. But the survey didn’t take into account rate-friendly news that emerged after the Federal Reserve adjourned its 2-day […]

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Special Report: Do Realtor associations offer more than just a bill?

Recent observers have noted the often-coercive nature of membership in a Realtor association. Real estate agents and brokers want to do business, and in order to do that, most need access to their local MLS. Most of the nation’s 800 or so MLSs are operated by Realtor associations, and association membership is often required for […]

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NAR’s Second Century Ventures Adds Top Industry Strategist Dave …

CHICAGO, July 28, 2016 /PRNewswire/ — Second Century Ventures, the strategic investment arm of the National Association of Realtors®, has selected Dave Garland – a respected industry consultant and investor – to join the firm. Garland will help set a forward looking direction for the venture capital fund, which develops early-stage technology companies, and guide its […]

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National Mortgage News – Fannie Eases Requirements for …

Fannie Mae is making its housing counseling requirements more flexible so additional borrowers can qualify for its low down payment, affordable loan program called HomeReady. Borrowers who receive one-on-one counseling from Department of Housing and Urban Development-approved counselors will be exempt from taking the HomeReady online course, according to a Fannie Selling Guide Announcement issued […]

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