Archive for July, 2017


Freddie Mac Announces Pricing of $285 Million Multifamily Small Balance Loan Securitization

MCLEAN, VA, Jul 21, 2017 (Marketwired via COMTEX) — MCLEAN, VA–(Marketwired – Jul 21, 2017) – Freddie Mac (otcqb:FMCC) announces the pricing of the SB35 offering, a multifamily mortgage-backed securitization backed by small balance loans underwritten by Freddie Mac and issued by a third-party trust. The company expects to guarantee approximately $285 million in Multifamily […]

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Freddie Mac enters rental market to increase affordability | 2017-07 …

Freddie Mac announced it is gearing up to enter the rental market, however unlike Fannie Mae’s approach, Freddie will focus on affordable housing. Earlier this year, Fannie Mae upped its game in the multifamily sector with its agreement to backstop up to $1 billion in debt for Invitation Homes, the largest owner of single-family rental […]

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Realtors withdraw objection to key flood insurance legislation

The National Association of Realtors said that there have been significant improvements in key flood legislation that will allow the industry group to endorse it. Among the improvements to the 21st Century Flood Reform Act is the House Financial Services commitment to retain the current flood insurance provisions’ “grandfathering” policy, which protects homeowners from significant […]

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With Expiration Looming, NAR, NAHB Applaud Flood Insurance …

It remains to be seen if it passes into law, or how it will hold up during the process, but housing industry groups say an agreement has been hammered out for renewing the federal flood insurance program. Both the National Association of Home Builders (NAHB) and the National Association of Realtors® (NAR) say they have […]

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Amid U.S. real estate buying binge by foreign investors, Florida …

Foreign investment in U.S. residential real estate recently skyrocketed to a new high with nearly half of all foreign sales happening in Florida, California and Texas. Related News/Archive New real estate website advances calculation of true cost of Florida home 6 Months Ago Lay of the land: radical transformations underway in Florida real estate 4 […]

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Fannie Mae prices $1.35 billion credit risk sharing transaction

Most Read The Many Ways to Be Relieved of Your Timeshare Obligations While it is true that a timeshare contract is a binding legal document, it is often mistakenly thought that such a contract cannot only be cancelled. In fact, most timeshare companies maintain that their contracts are non – cancellable. This misconception is perpetuated […]

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Freddie Mac Follows Fannie Mae to Rental Market, With Affordability …

“It is, first and foremost, affordable,” said the official, David D. Leopold, a Freddie Mac vice president for targeted affordable sales and investments. “The size of the sponsor is less important than affordability.” Freddie Mac is still hashing out many of the details of the plan, but Mr. Leopold said the company hoped to announce […]

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Fannie Mae DTI increase could add 95000 borrowers each year

As the GSEs seek to ease access to credit and allow more homebuyers into the market, Urban Institute pointed out one change that could allow nearly 100,000 new homebuyers to qualify for a mortgage each year. Earlier this year, mortgage giant Fannie Mae announced it was raising its debt-to-income ratio to further expand mortgage lending. […]

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Small Banks Warn Lawmakers Against ‘Extreme’ Overhaul of GSE …

Amid efforts to overhaul Fannie Mae and Freddie Mac as they deplete their capital buffer, small lenders are warning against actions they say could be disastrous for community-based mortgage lending. Representatives from small banks and credit unions on Thursday urged the Senate Banking Committee to avoid mirroring previous congressional proposals regarding government-sponsored enterprises and instead called for […]

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Freddie Mac Forgoes Issuing a Reference Notes Security on its July 20, 2017 Announcement Date

MCLEAN, VA, Jul 20, 2017 (Marketwired via COMTEX) — MCLEAN, VA–(Marketwired – Jul 20, 2017) – Freddie Mac (otcqb:FMCC) announced today that it will forgo issuing a Reference Notes® security on its July 20, 2017 announcement date. The company’s 2017 Reference Notes calendar designates dates that it may use to announce the issuance of Reference Notes […]

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