Archive for March, 2017


GSE Investors Love Treasury Turning Its Back On FHFA’s Constitutionality

As we rapidly approach the first net worth sweep of the incoming administration, it’s worth noting that the only two companies in history that have paid out net worth equity dividends as part of a plan to wind them down are Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC). These two companies support middle class America […]

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BRIEF-Freddie Mac issues monthly volume summary for February 2017

March 23 Federal Home Loan Mortgage Corp * Freddie Mac issues monthly volume summary for February 2017 * Freddie Mac – The total mortgage portfolio increased at an annualized rate of 2.1% in february * Freddie Mac says single-family seriously delinquent rate decreased from 0.99% in January to 0.98% in February * Freddie Mac – […]

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San Diego among cities requiring highest salaries to own home

SAN DIEGO (KGTV) – The cost of homeownership is San Diego is nothing new. But the sticker shock of the salary necessary to afford to live in America’s Finest City is sure to leave residents speechless. San Diego recently ranked second among cities requiring the highest salaries needed to afford a home, according to mortgage website HSH.com. […]

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Realities of Real Estate: A look at how the real estate market is doing

The world is always changing and, as of late, the rate of change has accelerated. Depending on your viewpoint, change can be good or bad, but one thing is for certain — it’s inevitable. There are a variety of indices, or metrics if you will, that we follow to measure where we’ve been, and where […]

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NAR Infographic: Housing’s Sweet 16’s

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ABA Renews Endorsement of Fannie Mae for Secondary Market …

The American Bankers Association, through its Corporation for American Banking subsidiary, has renewed its endorsement of Fannie Mae’s secondary market options for community banks. ABA’s partnership with Fannie Mae, which began in 2002, helps community banks compete effectively and manage interest rate risk, providing discounts on application fees and training, underwriting support, customized education and […]

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Fannie Mae announces credit risk transfer on $20.4 billion in loans …

Fannie Mae announced it completed the first two traditional Credit Insurance Risk Transfer transactions of 2017 covering existing loans in the company’s portfolio. The two deals, CIRT 2017-1 and CIRT 2017-2, became effective on Feb. 1 and cover $20.4 billion in loans. Fannie Mae announced the deals are part of an ongoing effort to reduce […]

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FHFA’s Plans for Fannie and Freddie Delayed Until 2019 …

The Federal Housing Finance Agency Thursday announced that Release 2 for its Single Security Initiative and Common Securitization Platform (CSP) for Fannie Mae and Freddie Mac will come in mid-2019. Release 2, the announcement stated, will allow Fannie Mae and Freddie Mac to use the CSP to issue a single, common security to be called […]

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Freddie Mac creates automated option for homebuyers without credit score

Freddie Mac expanded homeownership opportunities and access to credit Thursday for many Americans who do not have credit scores. The mortgage giant automated the assessment of borrowers without credit scores if they have payment references, including records showing timely housing payments. Previously, lenders could manually underwrite mortgage loans to borrowers without credit scores. Now, lenders […]

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Should You Buy Shares of Fannie Mae and Freddie Mac?

Fannie Mae (fnma) and ­Freddie Mac (fmcc), the mortgage giants that guarantee and securitize home loans for middle-class Americans. The companies had been put into conservatorship by the federal government at the height of the turmoil. But Hill figured he would share in the gains after they were nursed back to health, as promised at […]

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