Archive for September, 2016


Realtors celebrate 100-year anniversary amid changing industry

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Pending home sales fall 2.4% in third straight drop

“Contract activity slackened throughout the country in August except for in the Northeast, where higher inventory totals are giving home shoppers greater options and better success signing a contract,” said Lawrence Yun, NAR’s chief economist. “In most other areas, an increased number of prospective buyers appear to be either wavering at the steeper home prices […]

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‘Doc stamp’ tax on Freddie Mac, Fannie Mae deals is illegal, suit says

A proposed class-action suit says Florida has been illegally collecting real estate “doc stamp” taxes on homes bought from Fannie Mae and Freddie Mac.   Richard A. Castorri filed suit last week in Leon County Circuit civil court against the Department of Revenue (DOR), court dockets show. He bought a house in Leon County from […]

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Freddie Mac Announces New Risk-Sharing Program

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BRIEF-Freddie Mac says total mortgage portfolio increased at annualized ra…

Sept 28 Freddie Mac * Total mortgage portfolio increased at an annualized rate of 8.2% in august * Single-Family seriously delinquent rate decreased from 1.08% in july to 1.03% in august * Multifamily delinquency rate decreased from 0.02% in july to 0.01% in august * Single-Family refinance-loan purchase and guarantee volume was $21.2 billion in […]

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Freddie Mac Announces New Mortgage Risk-Sharing Program | Fox …

Freddie Mac announced on Monday, September 26, that it would launch a new program to help reduce the risk it takes on various mortgages. The program will transfer backing to several private mortgage insurance companies. The loans included in this pilot program are those that were acquired by Freddie Mac starting September 1, 2016, and ending February […]

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Greenville real estate agent receives ‘esteemed’ honor

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NAR President Tom Salomone Calls HUD Condo Rule a Start, but …

WASHINGTON, Sept. 27, 2016 /PRNewswire/ — When H.R. 3700, the “Housing Opportunity Through Modernization Act,” was signed into law earlier this year, the Department of Housing and Urban Development was given notice that they had 90 days to weigh in on regulations related to Federal Housing Administration financing for condominiums before changes automatically went into effect. […]

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Meet Caitlin McCrory, NAR’s new millennial MLS manager

Over the summer, the National Association of Realtors went on the hunt for a “tech-savvy” manager of MLS.Its aim was to work more closely with the nation’s 700 or so MLSs for the benefit of their mutual members: agents and brokers.The 1.2 million-member trade group has now found that manager.Caitlin McCrory, 26, will join NAR at […]

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Richard Perry Walks Away, Hoping for a Shot at Vindication

Richard Perry can’t quite believe it’s over. Despite three years of losses, falling assets and turnover of senior executives, despite even the news Monday that he was shuttering his flagship hedge fund — he’s still looking for a bit of redemption. His hope: That one of his acolytes will uphold the legacy of his 28-year-old business […]

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