Archive for November, 2016


NAR: Home Sales Steam Forward Into Fall

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 on housing. According to the National Association of REALTORS®, the October 2016 Pending Home Sales Index posted above its benchmark value of 100 for the […]

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BRIEF-Fannie Mae says George Haywood elected to board

Gold fund withdrawals spike as post-U.S. election trades wane-ICI By Trevor Hunnicutt NEW YORK, Nov 30 The post-election enthusiasm for U.S. stock funds is waning, while a strong dollar helped push commodity funds to their largest withdrawals in more than three years, Investment Company Institute data showed on Wednesday. Investors pulled $1.6 billion from U.S.-based […]

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BRIEF-Sekisui to purchase, redevlop Fannie Mae’s Washington headquarters -…

Nov 30 Nikkei: * Sekisui House will purchase and redevelop the Washington headquarters of American mortgage buyer Fannie Mae – Nikkei * Sekisui House likely will pay 10 billion yen to 20 billion yen for the building – Nikkei * Sekisui House plans to remodel the building into a shopping center, to build luxury condominiums […]

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Fannie Mae And Freddie Mac May Be Privatized By Incoming Treasury Secretary Mnuchin

President-elect Donald J. Trump’s decision to pick Steven Mnuchin, a former Goldman Sachs partner, as the next Treasury Secretary is driving hopes on Wall Street that government sponsored mortgage giants Fannie Mae and Freddie Mac will be privatized in the new administration. “We’ve got to get them out of government control,” Mnuchin told Fox Business […]

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BRIEF-Freddie Mac Issues Monthly Volume Summary for October 2016

Nov 29 Federal Home Loan Mortgage Corp * Freddie Mac – The total mortgage portfolio increased at an annualized rate of 3.1 percent in October * Freddie Mac – Single-family refinance-loan purchase and guarantee volume was $22.4 billion in Oct * Freddie Mac – Single-family seriously delinquent rate increased from 1.02% in September to 1.03% […]

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Freddie Mac’s Mortgage-Related Investments Portfolio Balance Grows

Freddie Mac’s annualized rate for mortgage-related investments portfolio in October grew 4.7 percent, a stark contrast from the contraction of 15.8 percent last month. Fannie Mae is set to release its October statement later this month. This expansion in annualized growth rate pushed the aggregate unpaid principal balance of the portfolio to $309.3 billion as […]

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Freddie Mac officially gives approval to four eMortgage vendors …

Freddie Mac published an official list of approved eMortgage vendors to better streamline the mortgage process and to help encourage the use of digital mortgages. Despite taking a long time to go digital, the industry is quickly evolving and growing to bring technology into the process. The list of companies meets Freddie’s requirements for creating, […]

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Fannie Mae Appoints New Member to Board of Directors – Multi

George Haywood Washington—Fannie Mae has announced the appointment of George Haywood to the company’s board of directors’ Compensation Committee and the Strategic Initiatives and Technology Committee. Haywood’s main responsibility as member of the board will be to assist Fannie Mae in its mission to provide access to safe, affordable mortgage financing in the U.S. “With his […]

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Fannie Mae names technology entrepreneur to Board of Directors …

Fannie Mae announced it appointed finance and technology entrepreneur George Haywood to its Board of Directors. Haywood is appointed to the compensation committee and the strategic initiatives and technology committee. “We are delighted to welcome George to the Fannie Mae Board of Directors,” said Egbert Perry, Fannie Mae chairman of the Board. “With his extensive […]

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CCI Level Review on Freddie Mac Pfd Z (FMCKJ)

Keen traders may be focusing on certain technical indicators for stock assessment. Presently, Freddie Mac Pfd Z (FMCKJ) has a 14-day Commodity Channel Index (CCI) of 115.03. The CCI technical indicator can be used to help determine if a stock is overbought or oversold. CCI may also be used to help discover divergences that could […]

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