Posts Tagged Mortgages


Freddie Mac completes $292 million sale of previously modified …

Freddie Mac announced Tuesday that it completed the previously announced sale of approximately $292 million in previously modified loans from its investment portfolio to Towd Point Master Funding. This sale included 1,262 seasoned re-performing loans and moderately delinquent loans that are currently serviced by Select Portfolio Servicing. The pool of loans is comprised of fixed- […]

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BRIEF-Freddie Mac prices $974 million multifamily K-deal, K-726

June 23 Federal Home Loan Mortgage Corp * Freddie Mac prices $974 million multifamily K-deal, K-726 * Expects to issue approximately $974 million in K-726 certificates, which are expected to settle on or about June 29, 2017 Source text for Eikon: Further company coverage:

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ACHIEVEMENT: Council Bluffs Realtor Recognized Nationally for Protecting, Investing in Real Estate Industry

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PHH finalizes sale of Freddie Mac mortgage servicing rights portfolio …

At the end of last year, PHH announced that it planned to sell off its entire mortgage servicing rights portfolio in a massive deal with New Residential Investment. Now, that process is moving closer to being complete, as PHH disclosed Monday that it recently completed the sale of “substantially all” of its Freddie Mac MSR […]

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Personnel news

Credit: Wavebreakmedia Ltd, Getty Images/Wavebreak Media(Photo: Wavebreakmedia Ltd, Getty Images/Wavebreak Media) Downing-Frye Realty Inc. These sales associates have joined the firm: Susan Spedling has joined the Naples office. Originally from California, Spedling moved to Florida in 2004. She has experience as an executive assistance in the construction industry. Spedling has earned the CSA designation and is […]

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Are home appraisals always necessary?

Do we always need an appraiser to tell us what a house is worth? The two biggest sources of mortgage financing in the country — Freddie Mac and Fannie Mae — think not. With no formal public announcement, on June 19 Freddie Mac began phasing in its plan to transition to appraisal-free mortgage for certain […]

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National Cheat Sheet: How Amazon’s Whole Foods deal changes retail, Freddie Mac sells off modified loans … & more

Clockwise from top: Whole Foods, Adam Neumann and Jonathan Gray (Getty) Examining the impact of Amazon’s Whole Foods acquisition The mother of all buyouts went down, and it makes a ton of sense. Amazon’s success, fueled by a market cap of $500 billion, is decimating retail shopping and Whole Foods has been hemorrhaging cash, recently […]

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Freddie Mac Getting Fat

Freddie Mac’s total mortgage portfolio has increased once again, this time rising at an annualized rate of 1.8 percent for the month, according to the government-sponsored entity’s May 2017 Monthly Volume Summary released today. That’s up from the 0.5 percent jump the portfolio experienced in April. Still, despite the uptick, Freddie’s growth rate pales in […]

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Home prices continue to climb

CNN The median home price in may climbed to nearly $253,000. That’s according to the National Association of Realtors, which also reports it exceeds the peak of $247,600 one year ago. Home prices have been rising every month for more than five years. While that’s good news for home sellers, buyers are having a tough […]

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US home prices hit a record — and Realtors’ chief economist calls boom “unsustainable”

The last time real estate prices were in record territory, the National Association of Realtors‘ most visible spokesman was an unabashed cheerleader. But during the latest record run, NAR’s new chief economist is calling the boom “unsustainable.” What a difference a decade makes. During the boom, NAR’s top dismal scientist was David Lereah, author of […]

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