Archive for March, 2017


Freddie Mac March 2017 Outlook – Yahoo Finance

MCLEAN, VA–(Marketwired – Mar 28, 2017) – Freddie Mac ( OTCQB : FMCC ) today released its monthly Outlook for March, looking at how affordability may start to bite in many markets heading into the spring homebuying season. Outlook Highlights  Since 2000, house prices have risen 76 percent, while per capita disposable income has risen […]

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Freddie Mac plans launch of automated underwriting in 2017

[Correction: The headline of this article and the body incorrectly indicated that Freddie Mac plans to launch the use of trended credit data in 2017. The article and headline are now corrected.] The Federal Housing Finance Agency on Wednesday released a comprehensive report on how Fannie Mae and Freddie Mac performed in 2016, measured against […]

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Freddie Mac: Affordability to hold back home sales in 2016 | 2017 …

Affordability is beginning to take its toll going into the home-buying season, according to the March Outlook from Freddie Mac. Home prices continue to rise, increasing 76% from 2000 to 2016 while per capita income increased 72% during that same time period. And the squeeze in housing inventory is sending home prices even higher, creating […]

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Contracts to buy US homes jump 5.5%

WASHINGTON — More people signed contracts to buy U.S. homes last month as warm weather and rising confidence appeared to encourage consumers to look for houses. The National Association of Realtors said Wednesday that its pending home sales index climbed 5.5 percent in February to 112.3, its highest point since April and its second-highest point […]

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6 REALTOR® Associations Honored for Community Outreach

The National Association of REALTORS® (NAR) has honored six REALTOR® associations with Community Outreach Awards, recognizing them for their community involvement, the organization recently announced. The associations awarded are Cape Fear REALTORS®, N.C.; Greater Rochester Association of REALTORS®, N.Y.; Austin Board of REALTORS®, Texas; Richmond Association of REALTORS®, Va.; Coastal Carolinas Association of REALTORS®, S.C.; […]

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Pending US homes sales reach 10-month high

Single family homes in the U.S. (Credit: Rachel Elaine via Flickr) The number of pending U.S. home sales reached a 10-month high in February, according to the National Association of Realtors. The index, which tracks contract signings on previously owned homes, jumped 5.5 percent in February to reach 112.3, the Wall Street Journal reported. That’s […]

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Castle & Cooke Mortgage president appointed to Fannie Mae Single …

Castle Cooke Mortgage, one of the nation’s fastest-growing independent lenders, announced that Adam Thorpe, president and chief operating officer, has been appointed to Fannie Mae’s Single-Family Risk Advisory Board. The Risk Advisory Board (RAB) helps to shape the credit policies of Fannie Mae, and provides input on process enhancements, as well as the GSE’s Selling Guide. […]

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Fannie And Freddie: The Litigation Thesis Remains Viable After Perry

Introduction After the Perry decision was issued on February 21, 2017, Fannie Mae (OTCQB:FNMA) common stock and its S series of preferred stock (FNMA’s most liquid preferred stock, “FNMAS”) dropped 37% and 34% in value, respectively [this article will address FNMA, but its analysis is equally applicable to Freddie Mac (OTCQB:FMCC)]. The FNMA investment thesis […]

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Fannie Mae sells off $26 million in NPL to non-profit institution …

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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Fannie-Freddie Fix Is the Focus of Senators’ Bipartisan Push …

In a bitterly partisan Congress, two senators are making a rare push across party lines to solve a persistent riddle with huge implications for the U.S. housing market: What to do with Fannie Mae and Freddie Mac? Aides to Tennessee Republican Bob Corker and Virginia Democrat Mark Warner have begun meeting with industry groups and former […]

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