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Real Estate News Archive
(MCT)—The regulator for Fannie Mae and Freddie Mac wants to shrink the seized housing-finance giants gradually and create a new market for mortgage-backed securities to help the private sector.
The recommendations came in a new strategic plan for Fannie and Freddie submitted to lawmakers Tuesday by the Federal Housing Finance Agency, which has overseen the companies since they were put into government conservatorship in 2008 to avoid their failure.
Fannie and Freddie have almost single-handedly kept the housing finance market afloat in recent years.
Regional Spotlight—The Houston housing market held to positive territory as 2012 began, with January marking the eighth consecutive month of increased home sales. The year also opened with a continued decline in active property listings
ERA Real Estate, a leading global real estate franchisor, recently recognized three international affiliates on the occasion of their service anniversaries with the brand. ...
Federal Housing Finance Agency (FHFA) Acting Director Edward J. DeMarco recently sent to Congress a strategic plan for the next phase of the conservatorships of Fannie Mae and Freddie Mac (the Enterprises).
The plan builds on the Acting Director’s February 2010 letter to Congress on the conservatorships and sets forth objectives and steps FHFA is taking or will take to meet FHFA’s obligations as conservator. Fannie Mae and Freddie Mac were placed into conservatorships Sept. 6, 2008 and have since received more than $180 billion in taxpayer support.
Freddie Mac (OTC: FMCC) announced recently that it priced its new 0.50 percent $4.5 billion three-year USD Reference Notes® security due on April 17, 2015. The issue, CUSIP number 3137EADD8, was priced at 99.728 to yield 0.587 percent,
People seeking a review of their mortgage foreclosures under the Federal banking agencies' Independent Foreclosure Review now have until July 31, 2012, to submit their requests.
The Office of the Comptroller of the Currency (OCC) and the Board of Governors of the Federal Reserve System (Federal Reserve) announced yesterday that the deadline for submitting requests for review under the Independent Foreclosure Review has been extended. The new deadline, July 31, 2012, provides an additional three months for borrowers to request a review if they believe they suffered financial injury
Century 21 Real Estate LLC recently announced the expansion of its system in Georgia. Results Realty Services has joined the CENTURY 21® System, and is now doing business as CENTURY 21 Results Realty Services. ...
The 2012 outlook is improving modestly from a disappointing 2011. Economic growth picked up in the fourth quarter of 2011 to 2.8 percent and is expected to come in at 2.3 percent for 2012, up from 1.6 percent growth for all of last year, according to Fannie Mae’s (FNMA/OTC) Economic & Strategic Research Group. However, the year-end growth rate was due largely to a positive swing in business inventory growth, which is not indicative of underlying consumer demand or the overall health of the economy. Nevertheless, consumer spending improved modestly and manufacturing and services activity expanded at a strong pace.
NAR Pulse—This week’s headlines:
REALTOR® University Granted Approval to Offer Master of Real Estate Degree Program
REALTOR® University now offers a Master of Real Estate degree for real estate professionals
This week, Greg Rand (
@gsrand), CEO of
OwnAmerica.com and host of Rand on Real Estate on 770 WABC, discusses the importance of visiting an area where you are interested in investing with live caller Dan. Investing in a property
REALTOR.com® Business Beat—Winning listings is hard work. Agents spend hours preparing comps, painstakingly perfecting an online property marketing plan, and nailing a winning pricing strategy. And once you have a listing,
Finding a new place to live just became easier for consumers—who can now browse homes on their smartphones. The Real Estate Book recently launched an additional mobile tool—a free Android app to make looking through photos, maps,
Mobile Real Estate recently welcomed a new VP of Business Development to their team, amid focus on Google’s GoMo™ Initiative. Mike Batiste is new to the real estate outreach team, however no stranger to mobile. With seven years of experience in developing Web-based interactive solutions in the broadcasting industry, Batiste ...
Coldwell Banker High Country REALTOR® Jack Brown was recently awarded the REALTOR® Emeritus by the National Association of REALTORS® for his leadership role in the field. ...
(MCT)—Residential contractors are hoping that tight-fisted consumers will decide they need a new bathroom.
Or maybe it’s time for those old kitchen counters to go.
Perhaps it would be better to add another bedroom than move?
After three years of slumping business, builders anticipate that the home remodeling and improvement sector will pick up in 2012.
