Archive for October, 2016


Fannie Mae streamlines US mortgage underwriting

NEW YORK Fannie Mae said on Monday it has launched a program to streamline its underwriting on mortgages for some borrowers that uses electronic data instead of physical proof of their income, assets and employment. The U.S. government mortgage agency said the “Day 1 Certainty” program would also offer relief from representation and warranty for […]

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Appeals Court to Decide on Government Document Release in Fannie Mae Dispute

ENLARGE The U.S. government has moved to block the release of a batch of documents in a shareholder lawsuit involving Fannie Mae, and the next step is now up to a federal appeals court. The government says the 56 documents in question are protected by various legal privileges, including rules that protect presidential communications. Last […]

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Realtors oppose school bond

Construction companies are providing support for the Chino Valley school bond measure, but the local Realtors Association opposes it.  Chino resident Mary Rohrer said she is the field director for the Yes on G campaign which has 250 local volunteers. Mrs. Rohrer said she knew that some contractors are funding the campaign and said some […]

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NAR: Home Sales Remain Elevated, Buyers Feel Pressure

Pending Home Sales Index Still Climbing Home buyers are out in force, buying up homes just as fast as they come on-market — and it’s making it harder to find good deals in housing. According to the National Association of REALTORS®, the September 2016 Pending Home Sales Index posted above its benchmark value of 100 for the 29th […]

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RED Provides $29M Fannie Mae DUS/MBS Refinance for Class A …

COLUMBUS, Ohio–(BUSINESS WIRE)–In the exclusive town of Sierra Madre, California, a high-barrier to entry and highly competitive infill market in Los Angeles County, RED Capital Group and Borrower, Kensington SM GP LLC, worked together to bring a Class A Assisted Living and Memory Care community to an area that was previously underserved in terms of […]

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Fannie Mae Releases September 2016 Monthly Summary

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Is it time to start worrying about Fannie Mae and Freddie Mac again …

Today, I’m turning my column space over to someone else because I think the message that Tom Forrester, one of the best-regarded financial officers in the country, has to deliver is important and timely. It involves Fannie Mae and Freddie Mac, the two government-sponsored mortgage insurers that received 12-digit federal-bailout loans in 2008 to forestall […]

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Fannie Mae and Freddie Mac: U.S. Seeks to Block Document Release

Invoking an emergency procedure Wednesday evening, the Justice Department appealed a judge’s order that would force the government to turn over at least 56 documents that might shed light on why mortgage finance giants Fannie Mae and Freddie Mac were effectively nationalized in August 2012. The department argues that Court of Federal Claims judge Margaret […]

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BRIEF-Freddie Mac prices $1.1 bln multifamily K-deal, K-058

UPDATE 6-American Airlines jet catches fire on takeoff at Chicago airport CHICAGO, Oct 28 The engine of an American Airlines Group Inc jet caught fire seconds from takeoff at Chicago’s O’Hare International Airport on Friday, prompting the crew to abort its departure and evacuate passengers via emergency chutes, authorities said.

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Is it time to start panicking about Fannie Mae and Freddie Mac again …

Today, I’m turning my column space over to someone else because I think the message that Tom Forrester, one of the best-regarded financial officers in the country, has to deliver is important and timely. It involves Fannie Mae and Freddie Mac, the two government-sponsored mortgage insurers that received 12-digit federal-bailout loans in 2008 to forestall […]

Read More...