Archive for August, 2017


WATCH: This week in real estate numbers

A 1 million-square-foot lease at 1 Manhattan West, twenty-six L.A. hotels trading hands and a $32 million Brickell development site. In real estate, it’s all about the numbers. This past week, The Real Deal reported on Tishman Speyer and Cogswell Realty plans to sell 183 Madison Avenue, the amount of poor L.A. households that live in deficient or unaffordable housing and the […]

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Fannie Mae keeps economic growth projections unchanged despite political tensions

As tension mounts in Washington, Fannie Mae kept its annual growth predictions unchanged for 2017. The company explained even a potential government shutdown won’t be enough to derail the projected growth. And a government shutdown isn’t the only political tension lingering. Fannie Mae also mentioned the looming geopolitical tensions which pose risks to the economy. Fannie […]

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Freddie Mac names Stacey Goodman chief information officer

Freddie Mac has announced Stacey Goodman will join the company as executive vice president and chief information officer in September. Goodman will be a member of the senior operating committee and will report directly to CEO Donald Layton. She brings more than 25 years of technology experience in the financial services industry to Freddie Mac. […]

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Freddie Mac: Mortgage rates continue to hold amidst economic uncertainty

Mortgage rates remained largely unchanged this week amidst the lingering sense of economic uncertainty, according to the weekly Primary Mortgage Market Survey from Freddie Mac. “Following a mild decline last week, the 10-year Treasury yield rose 1 basis point this week,” Freddie Mac Chief Economist Sean Becketti said. “The 30-year mortgage rate similarly remained relatively […]

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Mortgage Rates Ridiculously Low, Freddie Mac Confirms

Shutterstock photo (RTTNews.com) – Mortgage rates are continuing to hold at low levels amidst ongoing economic uncertainty, mortgage provider Freddie Mac announced Thursday. The 30-year fixed-rate mortgage averaged 3.89% with an average 0.4 point during the week ending August 17, down from 3.90% in the prior week. It is now just one basis point above […]

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More than a decade later, housing bust still hurts

• Tight inventory. “We have a lot of willing buyers unable to find a home,” said George Ratiu, managing director of housing and commercial research for the National Association of Realtors. Some homeowners are still underwater from the housing collapse. Another reason: The great migration of baby boomers to smaller houses hasn’t materialized. “They like […]

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Home affordability erodes in first half of 2017

Most industry watchers believe home prices will keep moving up and the strong sellers’ market will keep going for some time barring a recession. Housing economists don’t agree, however, on how relatively affordable the market is for buyers. On Wednesday, the National Association of Realtors (NAR) reported that the median national home price had reached […]

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NAR CEO Bob Goldberg: Disrupters aren’t ‘the bogeyman’

Realtors can be a fearful lot, seeing threats in new technologies and new business models that might change the way they do business. The National Association of Realtors (NAR) has in some ways encouraged this mindset, often disparaging companies such as real estate tech giant Zillow Group. But new NAR CEO Bob Goldberg, who is […]

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Pershing H1: Recent DC Action On Fannie Not Priced Into Shares

Bill Ackman’s Pershing Square H1 2017 letter to investors is out see below for highlights Get Our Activist Investing Case Study! Get the entire 10-part series on our in-depth study on activist investing in PDF. Save it to your desktop, read it on your tablet, or print it out to read anywhere! Sign up below! […]

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Taking Over Fannie And Freddie: Perjury Or Bust?

Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) are two Fortune 50 companies that the government has held in conservatorship since 2008 governed by HERA which was passed into law in 2008. HERA created FHFA, the Federal Housing Finance Agency and permitted the agency to place the two companies into conservatorship if they met certain conditions. […]

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