Archive for March, 2017


BRIEF-Fannie Mae says book of business increased at a compound annualized rate of 0.8 percent in Feb

March 30 Federal National Mortgage Association * Fannie Mae – Book of business increased at a compound annualized rate of 0.8 percent in February. * Fannie Mae – Gross mortgage portfolio decreased at a compound annualized rate of 16.9 percent in February * Fannie Mae – Conventional single-family serious delinquency rate decreased one basis point […]

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Fannie Mae: Education & Homeownership Linked – theMReport.com

Young adults are 3.5 percent less likely to own a home now than they were before the Great Recession, according to a working paper released by Fannie Mae on Thursday. Additionally, the homeownership rate among this demographic has dropped from 45 percent to 35 percent. The paper, titled “The Shifting Determinants of Young-Adult Homeownership Before […]

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Fannie Mae Clarifies Clear Boarding Policies

Fannie Mae has previously promoted clear boarding as an alternative with an allowable which finds the use of plywood unacceptable when securing vacant properties. The GSE has been using polycarbonate clear boarding to secure vacant homes since early 2014 and as of 2016, it had been installed in about 4,000 Fannie Mae properties. More recently, Fannie […]

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Freddie Mac: Mortgage rates see second consecutive week of major declines

Mortgage rates decreased significantly for the second consecutive week as the Treasury yield remained flat. “Despite recent mortgage rate fluctuation, new home sales far exceeded expectations in February and jumped 6.1% to an annualized rate of 592,000,” Freddie Mac Chief Economist Sean Becketti said. Click to Enlarge (Source: Freddie Mac) The 30-year fixed-rate mortgage dropped […]

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With American Home Shield®, All Systems Are Go

NAR PULSE—A home warranty offer is available to members of the National Association of REALTORS® (NAR) from American Home Shield®. Coverage now includes the same features previously only available as part of a real estate transaction. As always, NAR members enjoy a $50 savings through NAR’s REALTOR Benefits® Program. Learn more. Are You Reaching Millennials […]

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NAR: Trouble ahead as National Flood Insurance Program expiration date nears

The National Flood Insurance Program is set to expire six months from Thursday on Sept. 30, 2017, prompting the National Association of Realtors to try to bring awareness to the expiration and its consequences: a disruption in closing loans. NAR noted that while the NFIP isn’t perfect and reforms are needed, it will continue working closely […]

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Here’s The Man Behind The National Association Of Realtors’ CEO …

The recruiting firm tapped to find a COO for troubled CEO Travis Kalanick of Uber fame is the same company on the hunt for the National Association of Realtors’ (NAR’s) next CEO.They are both high-profile hires: one unfolding publicly amid a messy human resources situation — and the other for a trade organization that’s in […]

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Fannie Mae sells off $26 million in NPLs to nonprofit | 2017-03-29 …

Fannie Mae announced the winning bidder of its sixth Community Impact Pool of non-performing loans. The winner, New Jersey Community Capital, is a nonprofit community development financial institution, and will close on the transaction on May 23, 2017. The deal includes 158 loans secured by properties located in the New York and New Jersey area. […]

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Goodbye plywood: Fannie Mae no longer allows plywood in pre-foreclosure

In November, Fannie Mae announced that mortgage servicers would be not only allowed but reimbursed to use clear boarding instead of plywood when securing houses that were in pre-foreclosure. That announcement was not retroactive, meaning it only applied to new pre-foreclosures, not homes already in pre-foreclosure status. But that’s not the case anymore, as Fannie Mae […]

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Despite Courtroom Losing Streak, Legal Action Still Best Route For Fannie Mae, Freddie Mac Shareholders

After comments from newly-appointed Treasury Secretary Steven Mnuchin renewed investor optimism and lifted the share prices of Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) in late 2016, investors have spent most of 2017 trying to identify the “least worst” path forward for Fannie Mae and Freddie […]

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