Daily Archives: May 14, 2012

Signs of Life in Phoenix Housing

Signs of Life in Phoenix Housing
Here are their headline observations: o GSE (Fannie Mae, Freddie Mac, etc.) owned homes (down 58%) As a point of clarification, all the comparisons in these bullet points are February 2012 to February 2011. The number that I suspect jumped out at you …
Read more on Wall Street Pit

Borrower Behavior and Loan Statistics of Interest; Ally/Rescap…

Borrower Behavior and Loan Statistics of Interest; Ally/Rescap…
Bloomberg reported on the latest Treasury "fix" for Fannie Mae and Freddie Mac. Once again, it raises the question about what will require Congressional approval and what won't, because if any major change requires Congress to vote on it, nothing will …
Read more on Mortgage News Daily

What Newt Gingrich Lost by Running for President
This is a man who once commanded $ 1.6 million in consulting fees from the government-sponsored mortgage giant Freddie Mac, and had similar contracts with companies such as IBM and Microsoft; now that he's called for Freddie to be broken up, …
Read more on National Journal

10 Cities Offering The Best Deals On Foreclosed Homes: RealtyTrac

10 Cities Offering The Best Deals On Foreclosed Homes: RealtyTrac
In fact, a variety of metropolitan areas are now offering the best deals on foreclosed homes, according to real estate site RealtyTrac's list. As it turns out, many of the cities that have been most affected by the foreclosure crisis, such as Detroit …
Read more on Huffington Post

Six Keys to Selling Your Home in Today's Market
6) Distressed properties. Roughly 30 percent of today's home sales involve “distressed” properties — a term which includes short sales and foreclosed properties owned by lenders. You need to consider the distressed properties in your neighborhood when …
Read more on RisMedia.com (press release)

Retrofitting Foreclosed Homes: A Matter Of Public Trust
The need for this program sprung out of the two mortgage finance giants Fannie Mae and Freddie Mac—both currently in government conservatorship—collectively owning about 179000 foreclosed homes, mostly from mortgages they insured or securitized …
Read more on EarthTechling

Insight: Time running out for Ally Financial's restructuring

Insight: Time running out for Ally Financial's restructuring
But now ResCap faces litigation from private investors as well as the regulator of Fannie Mae and Freddie Mac over underwriting standards it used in making those loans, bringing a whole new set of liabilities that again threaten to take Ally down with …
Read more on CNBC.com

What Newt Lost by Running for President
This is a man who once commanded $ 1.6 million in consulting fees from the government-sponsored mortgage giant Freddie Mac, and had similar contracts with companies such as IBM and Microsoft; now that he's called for Freddie to be broken up, …
Read more on The Atlantic

DIARY – Today in Washington – April 19
1000/1400: Freddie Mac issues weekly US mortgage rates. 1000/1400: Conference Board issues Leading Economic Indicators for March. 1000/1400: National Association of Realtors releases Existing Home Sales for March. 1030/1430: EIA issues weekly US …
Read more on Reuters

Shareholders of the World, Unite! You Have Nothing to Lose Except Maybe Your

Shareholders of the World, Unite! You Have Nothing to Lose Except Maybe Your
Unlike previously auctioned Maiden Lane assets, the ones on the block now are commercial real estate CDOs. Two other bidders, Barclays and Deutsche Bank, reportedly have cost advantages related to their involvement in the original transactions: …
Read more on American Banker (subscription)

A War by Any Other Name is Still War
Henry Paulson, Treasury Secretary under President Bush, received warnings from China that Russia would dump holdings of Fannie Mae and Freddie Mac, forcing a bailout that would strain the US economy. It happened. (Kevin D. Freeman) One of the weapons …
Read more on Canada Free Press