Archive for August, 2017


Meridian Link’s SmartAPI brings LendingQB Fannie Mae’s day 1 certainty

Meridian Link’s SmartAPI brings LendingQB Fannie Mae’s day 1 certainty COSTA MESA, CA (August 31, 2017) — Day 1 Certainty™, from Fannie Mae, is now available to all LendingQB customers thanks to a new SmartAPI developed by MeridianLink. The SmartAPI is an integration hub that connects LendingQB to more than 20 vendors nationwide who provide […]

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When the federal government took over Fannie Mae and Freddie Mac

A 2008 file photo of Freddie Mac’s corporate offices in McLean, Va. (Pablo Martinez Monsivais/Associated Press) SEPT. 6, 2008 The Bush administration on this day took over troubled housing financing companies Fannie Mae and Freddie Mac in order to help shore up the U.S. economy during some of the darkest days of the Great Recession. The […]

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Freddie Mac: Portfolio is Growing – Mortgage News Daily

Freddie Mac reported today that its total mortgage portfolio increased at an annualized rate of 1.8 percent in July.  The portfolio balance at the end of the period was $2.044 trillion compared to $2.041 trillion at the end of June and $1.966 trillion at the end of July 2016. Purchases and Issuances totaled $32.561 billion, […]

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Fannie Mae and Freddie Mac loosening rules on home appraisals

TOLEDO, OH (WTOL) – The nation’s two largest loan backers, Fannie Mae and Freddie Mac, are loosening their rules when it comes to lending. The mortgage giants are now allowing for home appraisals to be waived on certain loans. Bill Altermatt is the owner of Altermatt Appraisal Services. The change in practice by Fannie Mae and Freddie Mac has […]

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US home prices surge in June, led by Seattle

WASHINGTON (AP) — U.S. home prices climbed higher in June with gains that are eclipsing income growth — creating affordability pressures for would-be buyers. The Standard Poor’s CoreLogic Case-Shiller 20-city home price index rose 5.7 percent in June, according to a Tuesday report. The separate national average rose as well, putting it 4.3 points above […]

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Real estate’s big players respond to Hurricane Harvey

Keller Williams’ charity arm, KW Cares, has three bright-red 18-wheeler trucks parked at a depot outside Austin, Texas, ready to enter Houston. Packed with generators, nonperishable food, diapers, cleaning supplies, wheelbarrows, flashlights and more, the trucks have been prepared to roll out since Monday, when Hurricane Harvey continued to make its ugly way through the […]

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Congress has one month to fix flood insurance. Hurricane Harvey makes it harder.

For months, political foes like Marco Rubio and Elizabeth Warren united behind a push to overhaul the nation’s flood insurance program by capping annual premium increases and focusing on preventing damage in future floods. Hurricane Harvey could change all of that. Congress has spent most of 2017 negotiating the National Flood Insurance Program, which must […]

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Fannie Mae sells $1 bln bills at higher rates

Reuters Aug 30 (Reuters) – Fannie Mae, the largest U.S. home funding source, said on Wednesday it sold $1 billion of benchmark bills at higher interest rates compared with last week’s sale of similar maturities. Fannie Mae said it sold $500 million of 2M bills due Oct. 25, 2017 at a 0.996 percent stop-out rate, […]

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Harvey hits mortgages as flood-stricken homeowners are unlikely to pay

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Freddie Mac OKs Appraisal Alternative For Some Mortgages

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