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Freddie Mac Prices New $4 Billion Two-Year Reference Notes® Security

McLean, VA - February 2, 2011 - (RealEstateRama) --Freddie Mac (OTC: FMCC) announced today that it priced its new 0.75% $4 billion two-year USD Reference Notes® security due on March 28, 2013. The issue, CUSIP number 3137EACS6, was priced at 99.758 to yield 0.864%, or 21.5 basis points more than two-year U.S. Treasury Notes. The issue will settle on Friday, February 4, 2011

Federal Reserve does not plan to proceed with finalizing three pending mortgage rulemakings under...

WASHINGTON, D.C. - February 2, 2011 - (RealEstateRama) -- The Federal Reserve Board on Tuesday announced that it does not expect to finalize three pending rulemakings under Regulation Z, which implements the Truth in Lending Act (TILA), prior to the transfer of authority for such rulemakings to the Consumer Financial Protection Bureau (CFPB).

CB RICHARD ELLIS ANNOUNCES LAUNCH OF PROPRIETARY, ONLINE REAL ESTATE LOAN AUCTION SERVICE

Los Angeles, CA - February 1, 2011 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (CBRE) today announced the launch of a new, proprietary online real estate loan auction service. This new platform expands the company’s capabilities for assisting sellers in the disposition of commercial real estate loans.

Federal Registration of Mortgage Loan Originators Begins

Washington, DC - January 31, 2011 - (RealEstateRama) -- The Conference of State Bank Supervisors (CSBS) is pleased to announce the commencement of the federal registration of mortgage loan originators with the Nationwide Mortgage Licensing System and Registry (NMLS or the System) in accordance with the Final Rules published by the federal banking agencies and the Farm Credit Administration.

Agencies Announce Start of Initial Registration Period Under S.A.F.E. Act’s Mortgage Loan Originator Provisions

Washington, DC - January 31, 2011 - (RealEstateRama) -- The federal bank, thrift and credit union regulatory agencies, along with the Farm Credit Administration, announce that the Nationwide Mortgage Licensing System and Registry will begin accepting federal registrations today. Under the Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act) and the agencies' final rules, residential mortgage loan originators employed by banks, savings associations, credit unions, or Farm Credit System institutions must register with the registry, obtain a unique identifier from the registry, and maintain their registrations.

US Department of Labor announces grant increment to continue assisting Florida workers affected by...

WASHINGTON, DC - January 31, 2011 - (RealEstateRama) -- The U.S. Department of Labor today announced a $707,096 National Emergency Grant increment to continue to provide services to about 600 workers affected by the closure of the Taylor, Bean and Whitaker Mortgage Corp. and its subsidiary companies

Eliminating Mortgage Interest Deduction Would Raise Taxes for Middle-Class Families

WASHINGTON, D.C. - January 31, 2011 - (RealEstateRama) -- Eliminating the deductions for mortgage interest and real estate taxes would raise taxes disproportionately for middle-class households and make the tax system less progressive, according to a new study from the National Association of Home Builders (NAHB).The study also concludes that the benefits of these deductions are collected primarily by middle-class taxpayers, with incomes between $50,000 and $200,000, and that greater benefits are earned by larger households and families, such as those with children

Federal Housing Finance Agency Reports Mortgage Interest Rates

Washington, DC - January 27, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some ARM contracts, was 4.58 percent based on loans closed in November. This is an increase of 0.16 percent from the previous month.

Quicken Loans Group Buys Madison Theatre Building

DETROIT, MI - January 27, 2011 - (RealEstateRama) -- Madison Theatre Building LLC, a new partnership formed by Dan Gilbert, Founder and Chairman of Detroit-based Quicken Loans Inc., announced it has completed the purchase of the historic Madison Building, located at 1555 Broadway Street in downtown Detroit. The building was originally designed by architect C. Howard Crane and constructed in 1917 as part of the Madison Theater complex.

Reliant Mortgage Voted #1

Sanford, ME - January 27, 2011 - (RealEstateRama) -- Reliant Mortgage Company of Sanford, ME has announced that it has been named the #1 Mortgage Company of the Greater Sanford/Springvale area for 2011.

PODCAST: MBA Officials Discuss State of the Industry

WASHINGTON, DC - January 27, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today conducted its annual State of the Real Estate Finance Industry Media Conference Call. The call featured MBA representatives discussing the state of the industry, MBA's legislative and regulatory agenda for 2011 (including Dodd-Frank Act Implementation, GSE/secondary market reform, tax reform and residential loan servicing) and MBA's new three-year macro-economic and mortgage finance/housing forecasts.The speakers included: Michael Berman, Chairman of the Mortgage Bankers Association, John Courson, President and CEO of the Mortgage Bankers Association, Jay Brinkmann, Senior Vice President and Chief Economist, Gail Cardwell, Senior Vice President of Commercial and Multifamily, Bill Killmer, Senior Vice President of Legislative and Political Affairs, and Steve O'Connor, Senior Vice President of Public Policy and Industry Relations.

Bond Yields Rise and So Do Mortgage Rates

McLean, VA - January 27, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®) which shows long- and short-term rates rising this week

Bankrate: Mortgage Rates a Mixed Bag

NEW YORK, N.Y. - January 27, 2011 - (RealEstateRama) -- Mortgage rates showed little movement again this week, with the benchmark conforming 30-year fixed mortgage rate nosing higher to 4.97 percent according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.44 discount and origination points.

Mortgage Applications Decrease in Latest MBA Weekly Survey

WASHINGTON, D.C. - January 26, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 21, 2011. The Market Composite Index, a measure of mortgage loan application volume, decreased 12.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 12.0 percent compared with the previous week. The results do not include an adjustment for the Martin Luther King holiday.

Freddie Mac Issues Monthly Volume Summary for December 2010

McLean, VA - January 26, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today issued the company's Monthly Volume Summary for December 2010. The summary, available on the company’s Web site at www.FreddieMac.com/investors/volsum, provides information on Freddie Mac’s mortgage-related portfolios, securities issuance, risk management and delinquencies. Beginning in January 2011, Freddie Mac began publishing pool-level delinquency disclosures on its single-family PC and Giant PC securities on the company’s Web site, www.FreddieMac.com/mbs. As a result, Tables 9 and 10 are no longer included in the Monthly Volume Summary.

Homeowners Say They’ll Walk from Mortgages

Destin, FL - January 24, 2011 - (RealEstateRama) -- Almost half of U.S. homeowners say they’ll walk away from their mortgages if home prices continue to fall. That’s according to a new survey conducted by online real estate forecasting firm Housing Predictor.

Countdown to National Consumer Protection Week 2011 Begins; Website and Blog Launched

Washington, DC - January 24, 2011 - (RealEstateRama) -- The Federal Trade Commission has launched the website and blog for National Consumer Protection Week (NCPW) 2011, to be held March 6-12. The annual event, now in its 13th year, is hosted by the FTC and nearly 30 other government agencies, consumer groups, and national organizations. The website, www.ncpw.gov, provides information about consumer rights, and promotes free resources to help consumers protect their privacy, manage credit and debt, avoid identity theft, understand mortgages, and recognize frauds and scams.

Bankrate: Mortgage Rates Stuck in a Holding Pattern

NEW YORK, N.Y. - January 20, 2011 - (RealEstateRama) -- Mortgage rates showed little movement this week, with the benchmark conforming 30-year fixed mortgage rate nosing higher to 4.95 percent according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.4 discount and origination points.

Tame Inflation Figures Leave Mortgage Rates Mixed

McLean, VA - January 20, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®). The survey results showed mixed results for both long- and short-term rates, with the 30-year rising slightly and the 15-year falling just as slightly.

Drew Waterhouse of Hammerhouse Provides Outlook On ...

MISSION VIEJO, CA - January 20, 2011 - (RealEstateRama) -- Hammerhouse LLC, an expanding national recruiting and strategic growth firm for the financial service industry with mortgage sales and leadership placement at its core, today released Drew Waterhouse, Managing Director of Hammerhouse outlook on key hiring trends in the mortgage industry in 2011

Business Real Estate Press Releases

Top Tips For Buying Your First Home

Buying your first home can be stressful, but it doesn’t have to be. While moving home can be a whirlwind, with a good understanding of the process and what documents you need to be completed by what stage of the moving process, you can rest assured that your move will go to plan. In order to make buying your first home easier for you, we've put together some of our top tips.

Recent Gov & Nonprofit Real Estate Press Releases

DOE

DOE and NOAA Announce Prize Competition to Power Ocean Observing Platforms...

The U.S. Department of Energy (DOE), along with NOAA, announced a $3 million prize competition to generate innovation in marine energy-powered ocean observing platforms.