Press Releases
| Mortgage |
Freddie Mac Announces Offering of Guaranteed Structured Pass-Through K Certificates
March 18, 2010 Posted by Freddie Mac
McLean, VA - March 18, 2010 - (RealEstateRama) — Freddie Mac (NYSE: FRE) today announced a new offering of Structured Pass-Through Certificates (”K Certificates”), multifamily mortgage-backed securities that help provide liquidity, stability and affordability to the nation’s multifamily housing market. The company expects to offer approximately $1.1 billion in K Certificates (”K-006 Certificates”), which are anticipated to price on or about March 25, 2010, and settle on or about April 6, 2010
Drop in Home Sales Underscores Fragile Recovery According to Fannie Mae’s Economic and Mortgage Market Analysis Group
March 17, 2010 Posted by RealEstateRama
WASHINGTON, DC - March 17, 2010 - (RealEstateRama) — Housing activity is expected to rebound later this year but at a slower pace than previously projected according to the March 2010 Economic Outlook released today by Fannie Mae’s (FNM/NYSE) Economics & Mortgage Market Analysis Group. A surprising drop in new and existing home sales disappointed, but the setback is viewed as temporary with gains expected in the second quarter then trending up on a sustainable basis by year end. The outlook continues to call for moderate economic growth of 3.0 percent for 2010, as the labor market appears poised to create jobs, the service sector shows improvement, and consumer spending joins in as part of the economic storyline. Consumer spending grew a solid 0.3 percent in January, suggesting a pickup in the first quarter despite the possibility of a slow down in February.
RE-INSIDER UNCOVERS FREDDIE MAC SUPPORTING OFF-SHORING OF AMERICAN JOBS
March 8, 2010 Posted by Serena Ehrlich
Los Angeles, CA - March 8, 2010 - (RealEstateRama) — RE-INSIDER.com, the site dedicated to tracking abuses in the California real estate industry, has determined that new activities by tax-payer supported, Freddie Mac, are not aligned with President Obama’s current US jobs program as declared in his January 2010 State of the Union Address, to help keep the American worker employed
SunTrust Becomes Third Major Mortgage Provider in Recent to Require MERS® System
March 4, 2010 Posted by RealEstateRama
Reston, Va. - March 4, 2010 - (RealEstateRama) — Today, MERSCORP, Inc. (MERS) president and chief executive officer, R.K. Arnold, thanked SunTrust for putting its trust with the mortgage banking utility as an increasing number of leading financial institutions make the same choice.
Fannie Mae Opens First Local Mortgage Help Center to Accelerate Service to Struggling Homeowners in South Florida
February 22, 2010 Posted by RealEstateRama
WASHINGTON, DC - February 22, 2010 - (RealEstateRama) — In the first of a series of planned nationwide Mortgage Help Centers, Fannie Mae (FNM/NYSE) announced the opening of a new Help Center in Miami that will accelerate the response time for struggling borrowers in South Florida with loans owned by Fannie Mae
Mortgage Applications Decrease in Latest MBA Weekly Survey
February 17, 2010 Posted by MBA
WASHINGTON, D.C. - February 17, 2010 - (RealEstateRama) — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending February 12, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 0.5 percent compared with the previous week.The Refinance Index decreased 1.2 percent from the previous week and the seasonally adjusted Purchase Index decreased 4.0 percent from one week earlier. The unadjusted Purchase Index increased 1.0 percent compared with the previous week and was 18.4 percent lower than the same week one year ago
30-Year Fixed-Rate Mortgage Dips Below 5 Percent Again
February 11, 2010 Posted by RealEstateRama
McLean, VA - February 11, 2010 - (RealEstateRama) — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.97 percent with an average 0.7 point for the week ending February 11, 2010, down from last week when it averaged […]
Freddie Mac Will Not Issue a Reference Notes Security on February 10, 2010
February 10, 2010 Posted by Freddie Mac
McLean, VA - February 10, 2010 - (RealEstateRama) — Freddie Mac (NYSE: FRE) announced today that it will not issue a Reference Notes® security on February 10, 2010. The company’s 2010 Reference Notes calendar designates dates that it may use to announce the issuance of Reference Notes securities.
MBA Hires Douglas Moritz to be Associate Vice President of Multifamily
February 1, 2010 Posted by MBA
WASHINGTON, D.C. - February 1, 2010 - (RealEstateRama) — John A. Courson, President and CEO of the Mortgage Bankers Association (MBA), today announced the appointment of Douglas Moritz as Associate Vice President of Multifamily.
Refinance Applications Increase as Mortgage Rates Fall in Latest MBA Weekly Survey
January 20, 2010 Posted by MBA
WASHINGTON, D.C. - January 20, 2010 - (RealEstateRama) — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 15, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 9.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 10.4 percent compared with the previous week and decreased 52.3 percent compared with the same week one year earlier.
