Archive for August, 2016


5 Coastline Realty Agents Receive Awards

Carol Menz Carol Menz Margaret Bethel Margaret Bethel Ami Menz Ami Menz Richard Parker Richard Parker Kimberly Gipple Kimberly Gipple Posted: Friday, July 1, 2016 10:27 am 5 Coastline Realty Agents Receive Awards Sponsored CapeMayCountyHerald.com Posted on Jul 1, 2016 by GGallone Carol Menz, Margaret Bethel, Ami Menz, Richard Parker and Kimberly Gipple of Coastline […]

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US Pending Home Sales Index Rose 1.3% in July

ENLARGE WASHINGTON—A measure of homes under contract for sale rose in July, a sign of steady demand amid low interest rates and rising employment. The National Association of Realtors’ pending home sales index, which tracks contract signings for purchases of previously owned homes, increased a seasonally adjusted 1.3% to 111.3 in July, the trade group […]

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NAR Good Neighbor Award Finalists Honored for Good Works in Their Communities

The National Association of REALTORS® has named 10 Realtors® as finalists for REALTOR® Magazine’s 2016 Good Neighbor Awards. This award honors Realtors® who have made an extraordinary impact on their communities through volunteer work. This year marks the 17th year the Good Neighbor Awards program has recognized Realtor® volunteers. The Realtors® being honored have donated their time, money and passion to improve […]

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New Fitch Ratings for Fannie Mae’s CAS Notes

Fannie Mae has received additional ratings for several Connecticut Avenue Securities (CAS) notes, part of an ongoing effort to improve transparency and liquidity at the GSE. Fitch Ratings bestowed the new ratings Tuesday, a month after the company announced it would likely rate the CAS notes. Fannie’s announcement Tuesday stated that the new credit ratings […]

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Fannie Mae Connecticut Avenue Securities Receives Additional …

“The credit ratings on these notes reflect the strong performance to date of the loans and the structural features that reduce credit risk to investors over time,” said Grant Bailey, managing director, Fitch Ratings. Fitch Ratings has assigned ratings to the following Connecticut Avenue Securities notes: CAS 2013-C01 Class M-2 notes – Rating: BB+sf, outlook […]

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Fannie Mae’s Serious Delinquency Rate Declines

Having fallen below its 2016 cap of $339.3 billion in March, Fannie Mae’s gross mortgage portfolio contracted further in both April, May June and now July, shrinking at an annual rate of 24.7 percent and serious delinquency decreased 2 basis points, according to Fannie Mae’s July 2016 Monthly Volume Summary. Fannie Mae’s serious delinquency rate, […]

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NAR: There Aren’t Many Homes For Buyers To Buy Anymore

Tight Inventory Keeping Buyers From Buying? Home sales dropped in July, according to the National Association of REALTORS®, marking the first time in four months that home sales slipped on a seasonally-adjusted, annualized basis; and, taking some steam from this year’s roaring market for existing homes. Current mortgage rates are their lowest in history — but […]

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Commercial Real Estate Expansion Expected to Remain on Slow, Upward Path

WASHINGTON, Aug. 29, 2016 /PRNewswire/ — Buoyed by a steadily improving labor market and strong demand for multifamily housing, commercial real estate activity should remain on an upward trajectory, with a growing share of it is expected to be in smaller markets, according to the National Association of Realtors® quarterly commercial real estate forecast. National […]

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Alain Pinel Realtors VP Named Vice Chair of National Association of Realtors Advisory Group

Jeff Barnett, vice president and regional manager for Alain Pinel REALTORS, has been named vice chair of the National Association of REALTORS® Large Residential Firms Real Estate Advisory Group. The Large Residential Firms Real Estate Advisory Group, along with several other NAR groups, is part the organization’s Realtor Leadership 2017 program. Led by 213 others […]

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Fannie Mae’s Mortgage Portfolio Shrinks Further

Following an off-month in June which saw Fannie Mae’s gross mortgage portfolio contract at a well-below average rate of 5 percent, the portfolio shrank at the more customary rate of 24.7 percent in July down to an aggregate unpaid principal balance of about $308.8 billion, according to Fannie Mae’s July 2016 Monthly Volume Summary. Fannie […]

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