Archives

Hartford National Title Launches Free Good Faith Estimate and HUD-1 Calculator

MILFORD, CT - November 30, 2010 - (RealEstateRama) -- Hartford National Title, Inc., a leading provider of title insurance and real estate closing services, announced today the launch of OneSourceQuote, its new Good Faith Estimate (GFE) and HUD-1 title calculator. This free online application is the byproduct of many months’ worth of developmental efforts and testing by programmers, staff, and beta clients.

Freddie Mac Prices $1 Billion Reopening of 0.875% Three-Year Reference Notes® Security

McLean, VA - November 30, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it auctioned a $1 billion reopening of its 0.875% three-year USD Reference Notes® security that matures on October 28, 2013. The stop yield for the issue, CUSIP 3137EACL1, was 0.869%, priced at 100.016468, or approximately 16.3 basis points more than three-year U.S. Treasury Notes. The bid-to-cover ratio was 2.915 to 1.

Home Values Decline in Third Quarter

McLean, VA - November 30, 2010 - (RealEstateRama) -- Freddie Mac (OTC:FMCC) announced today the results of its third quarter Conventional Mortgage Home Price Index (CMHPI).

Freddie Mac to Issue a New Two-Year Reference Notes® Security and $1 Billion Reopening...

McLean, VA - November 30, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it plans to issue a new two-year USD Reference Notes® security, CUSIP number 3137EACQ0, due on December 28, 2012. The issue will be priced on Wednesday, December 1, 2010, and will settle on Thursday, December 2, 2010, at benchmark size.

Attorney General Janet T. Mills Announces Reprieve for Homeowners

November 25, 2010 - (RealEstateRama) -- Attorney General Mills announced progress in her negotiations with GMAC Mortgage LLC and Bank of America regarding their foreclosure practices in Maine. GMAC has agreed that it will temporarily halt sales on homes that have been foreclosed on, pending further talks to resolve the Attorney General’s concerns about the company’s foreclosure procedures

Mortgage Rates Stable This Week

McLean, VA - November 24, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), which found that the 30-year fixed-rate mortgage (FRM) and the 15-year (FRM) edged up slightly this week. The 5-year ARM also rose, while the 1-year ARM fell a bit from the previous week.

Mortgage Purchase Applications Increase in Latest MBA Weekly Survey

WASHINGTON, D.C. - November 24, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 19, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 2.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 1.1 percent compared with the previous week.

J.D. Power and Associates Ranks Quicken Loans Inc. the Highest In Customer Satisfaction Among...

Detroit, MI - November 23, 2010 - (RealEstateRama) -- Quicken Loans Inc., the nation’s largest online lender and a top-five retail mortgage lender, announced it ranked highest in “customer satisfaction” among all home loan lenders in the United States in a benchmark study of the mortgage industry by J.D. Power and Associates, the global marketing information services company.

MBA Names Patrick “P.J.” Harrigan as Chair of Mortgage Action Alliance Steering Committee

Washington, D.C. (November 18, 2010) – Patrick “P.J.” Harrigan of Franklin American Mortgage Co. has been named the chairman of the Mortgage Action Alliance Steering Committee, the grassroots advocacy affiliate of the Mortgage Bankers Association (MBA)

Freddie Mac Issues Monthly Volume Summary for October 2010

McLean, VA - November 23, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today issued the company's Monthly Volume Summary for October 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, including data on seriously delinquent mortgage loans in related mortgage Participation Certificate (PC) pools.

Federal Housing Finance Agency Reports Mortgage Interest Rates

Washington, DC - November 23, 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 4.49 percent based on loans closed in October. This is a decrease of 0.06 percent from the previous month.

Freddie Mac Maximum Loan Limits Set For First Nine Months of 2011

McLean, VA - November 22, 2010 - (RealEstateRama) -- Freddie Mac (FMCC.OB) said today its maximum conforming loan limits for the first nine months of 2011 will be unchanged from those in effect during 2010 as the result of new calculations from the Federal Housing Finance Agency.

Freddie Mac Announces New Jumbo/Super Conforming Loan Pools

McLean, VA - November 22, 2010 - (RealEstateRama) -- Freddie Mac (OTC:FMCC) today announced that generally beginning December 1, 2010, the company will issue Jumbo/Super Conforming Pools under the three following prefixes

FTC Issues Final Rule to Protect Struggling Homeowners from Mortgage Relief Scams

WASHINGTON, D.C. - November 22, 2010 - (RealEstateRama) -- Homeowners will be protected by a new Federal Trade Commission rule that bans providers of mortgage foreclosure rescue and loan modification services from collecting fees until homeowners have a written offer from their lender or servicer that they decide is acceptable

FTC Issues Final Rule to Protect Struggling Homeowners from Mortgage Relief Scams

WASHINGTON, D.C. - November 19, 2010 - (RealEstateRama) -- Homeowners will be protected by a new Federal Trade Commission rule that bans providers of mortgage foreclosure rescue and loan modification services from collecting fees until homeowners have a written offer from their lender or servicer that they decide is acceptable.

CampusMBA Extends Partnership with Insurance Advisors to Offer Live Online Workshops for Commercial/Multifamily Professionals

WASHINGTON, D.C. - November 18, 2010 - (RealEstateRama) -- CampusMBA, the award-winning education division of the Mortgage Bankers Association (MBA), today announced it has extended its partnership with Stamford, Connecticut-based Insurance Advisors LLC. Under the agreement, CampusMBA, in conjunction with Insurance Advisors, will offer live online workshops addressing insurance issues for commercial/multifamily real estate loans.

Delinquencies and Loans in Foreclosure Decrease, but Foreclosure Starts Rise in Latest MBA National...

WASHINGTON, D.C. - November 18, 2010 - (RealEstateRama) -- The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 9.13 percent of all loans outstanding as of the end of the third quarter of 2010, a decrease of 72 basis points from the second quarter of 2010, and a decrease of 51 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate decreased one basis point to 9.39 percent this quarter from 9.40 percent last quarter. The delinquency rate includes loans that are at least one payment past due but does not include loans in the process of foreclosure.

Hopeful Signs Emerge in Consumer Spending and Employment According to Fannie Mae’s Economics &...

WASHINGTON, DC - November 18, 2010 - (RealEstateRama) -- Improving financial conditions and recent encouraging signs from the labor market should set the stage for an above-par growth trend by mid 2011, according to the November 2010 Economic Outlook released today by Fannie Mae's (FNMA/OTC) Economics & Mortgage Market Analysis Group. Despite challenges, including uncertainty on the domestic fiscal policy and international fronts, improvement in economic activity will likely occur at a gradual pace moving into 2011. The economy showed a slight pickup in growth in the third quarter to 2.0 percent at an annualized pace, up from 1.7 percent in the previous quarter, and consumer spending posted the best showing since the end of 2006. Even with stronger than expected economic growth in the third quarter, the group forecasts continued sluggish growth at least through the first quarter of 2011.

Ellie Mae Launches Encompass Assured GFE™ Service

PLEASANTON, CA and LA JOLLA, CA - November 18, 2010 - (RealEstateRama) -- Ellie Mae®, the enterprise mortgage origination technology provider for mortgage bankers, mortgage brokers, community banks, credit unions and other mortgage lenders, and Closing.com, the largest one-stop-shop for real estate closing services on the Web, have announced the launch of Encompass Assured GFE™ service powered by Closing.com’s SmartGFE® Service. With Encompass Assured GFE, Encompass360™ users can now create Good Faith Estimates, which are backed by a ClosingCorp compliance guarantee, directly from their Encompass360 systems.

Freddie Mac Issues 2011 Funding Calendars

McLean, VA – Freddie Mac (OTC:FMCC) today issued its 2011 funding calendars, which provide optional announcement dates for Reference Notes® securities and announcement and auction dates for Reference Bills® securities. The 2011 funding calendars are available on the Debt Securities page of the company’s Web site

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

Appraisal Institute

Appraisal Institute Opens Registration for 2019 Annual Conference

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today announced it has opened registration for its 2019 Annual Conference, July 22-24, in Denver.