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Posts Tagged ‘ Fannie ’

Fannie and Freddie Results in Q1: REO inventory declines, “Lower demand for foreclosed properties”

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Fannie and Freddie Results in Q1: REO inventory declines, “Lower demand for foreclosed properties”

From Fannie Mae: • Fannie Mae reported net income of .3 billion, the company’s ninth consecutive quarterly profit, and comprehensive income of .7 billion for the first quarter of 2014.• Fannie Mae’s financial results for the first quarter of 2014 included .1 billion in revenue from legal settlements relating to private-label securities lawsuits.• Fannie...
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Fannie Mae, Freddie Mac Mortgage Serious Delinquency rates mostly unchanged in December

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Fannie Mae, Freddie Mac Mortgage Serious Delinquency rates mostly unchanged in December

Fannie Mae reported that the Single-Family Serious Delinquency rate declined in December to 3.29% from 3.30% in November. The serious delinquency rate is down from 3.91% in December 2011, and this is the lowest level since March 2009. The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59%. Freddie Mac reported that...
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Report: Bailout Costs for Fannie and Freddie expected to decline

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Report: Bailout Costs for Fannie and Freddie expected to decline

From Nick Timiraos at the WSJ: Cost of Bailing Out Fannie and Freddie Expected to Fall Sharply Fannie Mae and Freddie Mac are expected to begin repaying taxpayers for their bailout faster than initially projected, in part because of an improving housing market. The Federal Housing Finance Agency, the companies’ federal regulator, released a...
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BofA to Stop Selling Mortgages to Fannie Mae

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BofA to Stop Selling Mortgages to Fannie Mae

From Jacob Gaffney at HousingWire: Bank of America stops selling mortgages to Fannie Mae Bank of America is faced with numerous reps and warrants challenges on the mortgage front, and as a result of growing uncertainty, it will no longer sell certain mortgage refinances into Fannie Mae mortgage-backed securities. “The issue is tied to...
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Fannie Mae and Freddie Mac Serious Delinquency Rates mostly unchanged in October

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Fannie Mae and Freddie Mac Serious Delinquency Rates mostly unchanged in October

Fannie Mae reported that the Single-Family Serious Delinquency rate was unchanged at 4.00% in October. This is down from 4.52% in October of 2010. The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59%. Freddie Mac reported that the Single-Family serious delinquency rate increased to 3.54% in October, up from 3.51% in...
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Fannie Mae EarlyCheck looks to reduce future repurchase risk

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Fannie Mae EarlyCheck looks to reduce future repurchase risk

Fannie Mae launched a new product over the weekend that provides automated data checks at every point along the origination application process. EarlyCheck and is another part of the government sponsored enterprise's Loan Quality Initiative, designed to prevent bad loans from being funded and put into the marketplace. Between 2005 and 2007, many of...
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FHFA finalizes housing goals for Fannie, Freddie

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FHFA finalizes housing goals for Fannie, Freddie

The mortgage finance space may remain divided on the future of government sponsored enterprises, Fannie Mae and Freddie Mac, but that isn't stopping the Federal Housing Finance Agency from regularly updating housing goals for the securitizers. In May, the FHFA set new housing purchase goals for Federal Home Loan Banks. The FHFA proposed the...
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Fannie Mae July mortgage portfolio up 4.1% from year earlier, prices two-year deal

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Fannie Mae July mortgage portfolio up 4.1% from year earlier, prices two-year deal

Fannie Mae’s mortgage portfolio through July is up 4.1% from the year ago yet down somewhat from June, and the GSE issued nearly half the mortgage-backed securities during the month than in did last July. Fannie ended July with gross holdings of nearly 2 billion. That figure stood at 0.4 billion last year and...
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Fannie Mae Special Approval List for Condo Developments Nears 200

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Fannie Mae Special Approval List for Condo Developments Nears 200

Fannie Mae has designated 181 condominium developments in Florida for special approval to give financing to homebuyers since the program launched in January 2010. Ocean’s Edge, a community of condo developments in Jacksonville Beach, Fla., was the latest to receive special approval this week. Fannie launched a review of hundreds of Florida condo projects...
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