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Credit Union Mortgage Association offers rate-resetting mortgage called Harmony Loan. Tm

FAIRFAX, VA - January 10, 2011 - (RealEstateRama) -- Credit Union Mortgage Association (CUMA) today announced an innovative residential mortgage product that allows the consumer to initiate the change in their interest rate mortgage

NCOA Teams with HUD and NRMLA to Assist Reverse Mortgage Borrowers Who Have Difficulty...

Washington, D.C. - January 7, 2011 - (RealEstateRama) -- The National Council on Aging (NCOA) is conducting a pilot project in collaboration with U.S. Department of Housing and Urban Development (HUD) and the National Reverse Mortgage Lenders Association (NRMLA) to help reverse mortgage borrowers who are struggling to pay property taxes and homeowners insurance

Register for MBA’s State of Real Estate Finance Industry Media Conference Call

WASHINGTON, D.C. - January 7, 2011 - (RealEstateRama) WHAT: The Mortgage Bankers Association (MBA) Annual State of the Real Estate Finance Industry Media Conference Call.Among the issues MBA representatives will discuss are 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.

Freddie Mac Funds First Multifamily Loan Under Its Mezzanine Finance Arrangement

McLean, VA - January 7, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) recently funded its first mortgage using the new mezzanine finance arrangement. Freddie Mac purchased a $47 million first mortgage from M&T Capital Realty Corp. for a property in the Washington, D.C., suburbs. The borrower, Metropolitan Apartments at Camp Springs L.L.C., secured a mezzanine loan for $6.75 million from Berkshire Properties

Long- and Short-Term Mortgages Drop This Week

McLean, VA - January 6, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey®(PMMS®). The survey results showed lower mortgage rates for both long- and short-term rates

Declining Cities: The People Have Left, the Houses Remain

WASHINGTON, D.C. - January 6, 2011 - (RealEstateRama) -- The Great Recession of 2007 to 2009 created new declining cities, and posed further difficulties for cities already in decline. Some cities may not re-attain home price peaks for many years, and could see some neighborhoods cease to be viable economically, according to a study released today from the Mortgage Bankers Association (MBA)

Register Today For MBA’s 21st Annual Commercial Real Estate Finance (CREF)/Multifamily Housing Convention &...

WASHINGTON, D.C. - January 6, 2011 - (RealEstateRama) -- MBA's CREF Convention & Expo is the nation's largest annual commercial real estate finance/multifamily housing industry event. Members of the media are encouraged to attend general sessions and panel discussions to gather the most up-to-date information on commercial real estate trends and business practices as well as the industry's economic outlook for 2011

Third Quarter Reports of Mortgage Fraud Up Slightly Mortgage Fraud as Percentage of All...

VIENNA, VA - January 6, 2011 - (RealEstateRama) -- The Financial Crimes Enforcement Network (FinCEN) today released its third quarter 2010 mortgage fraud report, Mortgage Loan Fraud SAR Filings. The report shows that suspicious activity reports (SARs) characterized by filers as indicating possible mortgage loan fraud (MLF) increased 2 percent to 16,693 in the third quarter of 2010 up from 16,339 MLF SARs in the 2009 third quarter.

Bankrate: Mortgage Rates Drop Below 5 Percent Again

NEW YORK, N.Y. - January 6, 2011 - (RealEstateRama) -- Mortgage rates continue to yo-yo up and down, with the average rate on the benchmark conforming 30-year fixed mortgage rate falling back to 4.94 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.42 discount and origination points

HOPE NOW Completes 4th Year of Operation, Continues to Assist Millions of Struggling Homeowners...

WASHINGTON, DC - January 5, 2011 - (RealEstateRama) -- HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors, wrapped up its fourth year of outreach efforts and assistance to the nation’s atrisk homeowners. The industry-led organization is poised for a busy 2011 in the areas of, homeowner education/outreach, data reporting on aid to homeowners, technology innovation and mortgage issues management

Mortgage Applications Drop the Week Before Christmas and Increase the Week After in Latest...

WASHINGTON, D.C. - January 5, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the weeks ending December 24, 2010 and December 31, 2010. For the week ending December 24, 2010, the Market Composite Index, a measure of mortgage loan application volume, decreased 3.9 percent on a seasonally adjusted basis from the prior week. For the week ending December 31, 2010, this index increased 2.3 percent on a seasonally adjusted basis.

Freddie Mac Prices New $6 Billion Three-Year Reference Notes® Security

McLean, VA - January 5, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it priced its new 1.375% $6 billion three-year USD Reference Notes® security due on February 25, 2014. The issue, CUSIP number 3137EACR8, was priced at 100 to yield 1.375%, or 27 basis points more than three-year U.S. Treasury Notes. The issue will settle on Thursday, January 6, 2011

Statement of Charles E. Haldeman, Jr., Freddie Mac Chief Executive Officer, on Loan Repurchase...

McLean, VA - January 4, 2011 - (RealEstateRama) -- I'm pleased to reach this agreement with Bank of America and believe it is in all parties' best interests. Since entering federal conservatorship, Freddie Mac has focused sharply on being a responsible steward of taxpayer funds, and we have worked closely with our lender partners to ensure that standards for loan underwriting are vigorously maintained. Bank of America has long been one of Freddie Mac's largest and most important business partners and we look forward to continuing our work together to provide mortgage funding for America's families.

Freddie Mac Announces the Issuance of a New Three-Year Reference Notes® Security

McLean, VA - January 4, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it plans to issue a new three-year USD Reference Notes® security, CUSIP number 3137EACR8, due on February 25, 2014. The issue will be priced on Wednesday, January 5, 2011, and will settle on Thursday, January 6, 2011, at benchmark size.

Bankrate: Mortgage Rates Jump Again

NEW YORK, N.Y. - December 30, 2010 - (RealEstateRama) -- Mortgage rates climbed higher this week, with the average conforming 30-year fixed mortgage rising to 5.02 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.

Rates Mostly Up in Freddie Mac Weekly Survey

McLean, VA - December 30, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), which saw all but the 1-year ARM rise. This brings 30-year mortgage rates back to levels seen in May of this year, while the 15-year ties levels not seen since June. Even so, mortgage rates remain incredibly low

Federal Housing Finance Agency Reports Mortgage Interest Rates

Washington, DC - December 28, 2010 - (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 4.42 percent based on loans closed in November. This is a decrease of 0.07 percent from the previous month.

Bankrate: Mortgage Rates Dip Below 5 Percent

NEW YORK, N.Y. - December 23, 2010 - (RealEstateRama) -- Mortgage rates pulled back slightly this week, with the average rate on the benchmark conforming 30-year fixed mortgage rate receding to 4.96 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.46 discount and origination points.

Mortgage Rates Ease Back a Little This Week

McLean, VA - December 23, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its (PMMS®), which found that both fixed-rate mortgage rates eased slightly this week. The 5-year hybrid ARM dropped back slightly, but the 1-year ARM rates were up

Freddie Mac Issues Monthly Volume Summary for November 2010

McLean, VA - December 23, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today issued the company's Monthly Volume Summary for November 2010. The summary, available on the company's Web site at, provides information on Freddie Mac's mortgage-related portfolios, securities issuance, risk management and delinquencies, including data on seriously delinquent mortgage loans in related mortgage Participation Certificate (PC) pools.

Business Real Estate Press Releases

CHRIS HELLER

Accelerating OJO Labs’ ambitions to deliver exceptional consumer experiences, Chris Heller...

OJO Labs, which empowers consumers to make better decisions through its conversational AI (artificial intelligence) platform, “OJO,” announced today that two top industry leaders who have led at the highest levels in real estate

Recent Gov & Nonprofit Real Estate Press Releases

CHRIS HELLER

Accelerating OJO Labs’ ambitions to deliver exceptional consumer experiences, Chris Heller...

OJO Labs, which empowers consumers to make better decisions through its conversational AI (artificial intelligence) platform, “OJO,” announced today that two top industry leaders who have led at the highest levels in real estate