Tag Archives: Freddie Mac

Fannie Mae: From Ward of the State to Cash Cow

When Fannie Mae was bleeding cash back in 2008, the government took it into conservatorship, which allowed Fannie Mae to draw funds from the Treasury to stay afloat. In return, the government took senior preferred shares of the company. Fannie … Continue reading

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California Realtors Confirms That New FHFA Rep Will Ensure Liquidity to the …

(Source: CAR) – The following is a statement made today by the CALIFORNIA ASSOCIATION OF REALTORS® President Don Faught: “The CALIFORNIA ASSOCIATION OF REALTORS® applauds the appointment of Representative Mel Watt as the new director of the Federal Housing Finance … Continue reading

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McNerney Introduces the Home Act to Help Homeowners Avoid Forclosure

WASHINGTON, D.C. – April 25, 2013 – (RealEstateRama) — Congressman Jerry McNerney (D-Stockton) introduced the Housing Opportunity and Mortgage Equity (HOME) Act of 2013 to help underwater homeowners avoid foreclosure. The HOME Act will help lower homeowners’ monthly mortgage payments, … Continue reading

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Kennedy Wilson Acquires 188-Unit Apartment Community in Northern California …

BEVERLY HILLS, CA – April 16, 2013 – (RealEstateRama) — International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced the acquisition of Montelena Apartments, a 188-unit multifamily community in Hayward, CA, from a private investment group. … Continue reading

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Housing’s Recovery Means Fewer Can Afford Homes

Rising home prices are not the only factors hitting home affordability. Fees charged to lenders by Fannie Mae and Freddie Mac (known as “guarantee fees” for bundling and selling mortgages) began rising dramatically in the past month and are now … Continue reading

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Recent California Real Estate Survey Finds Mixed Results in Market

(Source: CAR) — Lenders have made incremental improvements in closing short sale transactions since last summer, but still have a long way to go, according to findings from the latest Lender Satisfaction Survey conducted by the CALIFORNIA ASSOCIATION OF REALTORS® … Continue reading

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Why Home Refinancing Boom Is Different This Time

U.S. home owners are refinancing their mortgages at the fastest clip since 2005, but the difference now is they are putting cash in, not taking it out. At the going rate, 25 percent of all first-lien U.S. mortgages will be … Continue reading

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Housing Alert: Short Sales May Be in Big Trouble

As lenders plow through a backlog of over five million delinquent mortgages, short sales are becoming an ever more popular escape route. A short sale is when the bank allows a home to be sold for less than the value … Continue reading

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Fed May Drive More Investors Into Commercial Real Estate

The Federal Reserve’s decision to buy more mortgage-backed securities from Fannie Mae and Freddie Mac could impact more than just the housing market.  So-called QE3 (quantitative easing) could drive more investors to commercial real estate, in the great hunt for … Continue reading

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REAL ESTATE: Lawmaker proposes bill to end California’s eminent domain “heist” – Press

An Orange County congressman has introduced legislation to make it harder for governments from San Bernardino to Chicago’s Cook County – and the rest of the nation – to use eminent domain to seize mortgages of loans that are underwater. … Continue reading

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