Archive for August, 2016


BRIEF-Federal National says Fannie Mae’s book of business decreased at a c…

Aug 29 Federal National Mortgage Association * Fannie Mae’s book of business decreased at a compound annualized rate of 0.2 percent in July. * Fannie Mae’s gross mortgage portfolio decreased at a compound annualized rate of 24.7 percent in July. * Fannie Mae completed 6,958 loan modifications in July * Conventional single-family serious delinquency rate […]

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Fannie Mae Connecticut Avenue Securities Receives Additional Fitch Ratings

“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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Bill Ackman Comments on Fannie Mae and Freddie Mac …

Fannie (FNMA) and Freddie (FMCC)’s underlying earnings progressed modestly in the second quarter as their core mortgage guarantee businesses improved due to an increase in the guarantee-fee rate and lower credit costs. Their non-core investment portfolios continued to be reduced, which is leading them to a safer and more capital-light business model. As in recent […]

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CAAR Receives National Grant & Donates Additional Funds to Help Build a Permanent Albemarle County Memorial …

Charlottesville, Virginia –  The Charlottesville Area Association of REALTORS® (CAAR) has received a $1,500 Placemaking Micro-Grant from the National Association of REALTORS® (NAR) to help with a grassroots effort to honor the sacrifices made by Albemarle County residents and landowners who were displaced when the Shenandoah National Park was established in the 1930s. In addition […]

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As housing reignites, even bust towns are booming again

David Jordan at en.wikipedia Maybe not “best,” but Fresno was ranked 17 in terms of “hot” housing markets. The poster children of the housing bust are back. Last week, Realtor.com released its August “Hotness Index,” ranking metro areas on how many days a listing in that area stays on the market, as well as how […]

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

Jeff Barnett joins select group tasked with leading N.A.R.’s ‘Realtor Revolution’ Saratoga, CA (PRWEB) August 29, 2016 Jeff Barnett, vice president and regional manager for Alain Pinel Realtors, has been named vice chair of the National Association of Realtors (N.A.R.) Large Residential Firms Real Estate Advisory Group. The Large Residential Firms Real Estate Advisory Group, […]

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Bill Ackman Comments on Fannie Mae and Freddie Mac

Fannie (FNMA) and Freddie (FMCC)’s underlying earnings progressed modestly in the second quarter as their core mortgage guarantee businesses improved due to an increase in the guarantee-fee rate and lower credit costs. Their non-core investment portfolios continued to be reduced, which is leading them to a safer and more capital-light business model. As in recent […]

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Compass Analytics Announces Direct Integration With Fannie Mae’s Pricing & Execution — Whole Loan(TM) Platform

SAN FRANCISCO, CA–(Marketwired – August 29, 2016) – Compass Analytics, LLC (Compass), a leading provider of pricing, valuation, interest rate risk management, and workflow automation solutions to the mortgage industry, announced new integration with Fannie Mae’s Pricing Execution — Whole Loan™ platform for mandatory cash committing in Compass’s latest CompassPoint™ 3.5.0.0 release. The automated platform […]

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US Existing Home Sales Fall for First Time Since February

WASHINGTON—Sales of previously owned homes slipped in July, a sign that higher prices are taking a bite out of U.S. housing demand. The pace of existing-home sales decreased 3.2% last month from June to a seasonally adjusted annual rate of 5.39 million, the National Association of Realtors said Wednesday. The decrease was the first since…

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Move over Seattle — Tri-Cities is Northwest’s hottest housing market – Tri

Christina Herndon, infant son and her mother in tow, began hunting for her first home a week ago. Herndon, on maternity leave from Amazon’s Kennewick call center, is seeking a four-bedroom, two-bathroom house large enough for her mom, aunt and 2 month old. It’s only been a week, but already she’d seen a house she […]

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