The Federal Housing Finance Agency recently began qualifying investors to purchase pools of real-estate-owned assets in some of the nation’s worst housing markets from Fannie Mae and Freddie and convert them to rental properties. But the strategy is opposed by some local California Realtors who stand to lose commissions on such bulk sales. The FHFA, [...]
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Realtors Oppose REO-to-Rental Program
April 24th, 2012 
davidguide 
Posted in Business Loans 
Tags: california realtors, department of housing and urban development, department of the treasury, Fannie, Federal, finance, Housing, housing and urban development, housing finance agency, REOs, strategy 
Comments OffGSE Multifamily Business Growing
April 20th, 2012 davidguide The volume of new financing for apartment properties has grown at both the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp. First-quarter multifamily issuance at Fannie Mae was $7.1 billion. The secondary lender’s volume was 44 percent more than securitizations during the first-quarter 201 View full post on Mortgage Stories
Posted in Business Loans Tags: apartment, Association, Business, Fannie, Federal, federal national mortgage, federal national mortgage association, home, home loan mortgage, home loan mortgage corp, national mortgage association Comments OffAnger Grows Over FHFA Chief
March 31st, 2012 davidguide California’s attorney general is calling for the ouster of the acting director of the Federal Housing Finance Agency. Another California Democrat calls him a “random idiot.” Meanwhile, Republicans are blasting the FHFA chief for not doing more to rid the nation of Fannie Mae and Freddie Mac — which have cost U.S. taxpayers $188 billion [...]
Posted in Business Loans Tags: california democrat, Democrat, Fannie, fannie mae, fannie mae and freddie mac, Federal, finance, Housing, housing finance agency, ouster Comments OffFannie Revises Requirements, Raises Fees to Sellers
December 22nd, 2011 davidguide Fannie Mae said it will immediately permit master or blanket insurance policies that combine insurance coverage for multiple condominiums as long as the coverage meets certain specific criteria. The selling guide was updated to clarify that sellers can’t delegate their authority to execute a note endorsement. The Washington, D.C.-based firm is raising the cost of [...]
Posted in Business Loans Tags: blanket insurance, Fannie, fannie mae, firm, Guide, insurance, insurance coverage, insurance policies, Revises, Selling Comments OffExpected Bailout Costs Lowered for Fannie, Freddie
October 27th, 2011 davidguide The Federal Housing Finance Agency projected a year ago that draws under Fannie Mae’s and Freddie Mac’s stock purchase agreements with the Department of the Treasury could reach as much as $363 billion by 2013. But a new report from the regulator estimates that Treasury draws will likely only reach a maximum of $311 billion [...]
Posted in Business Loans Tags: department of the treasury, Expected, Fannie, fannie freddie, fannie mae, finance, Housing, housing finance agency, Regulator, stock purchase, Treasury Comments OffMBS Litigation Tsunami hits Financial Firms
September 5th, 2011 davidguide Separate lawsuits were filed against 17 issuers and underwriters of private-label mortgage-backed securities purchased by Fannie Mae and Freddie Mac. The Federal Housing Finance Agency filed the lawsuits as conservator of Fannie and Freddie. “The complaints filed today reflect FHFA’s conclusion that some portion of the losses that Fannie Mae and Freddie Mac incurred on [...]
Posted in Business Loans Tags: Fannie, fannie mae, fannie mae and freddie mac, finance, Housing, housing finance agency, improper actions, MBS, mortgage backed securities, Today, tsunami Comments OffObama Selects Regulator for Fannie, Freddie
November 13th, 2010 davidguide The Obama administration announced a permanent replacement to the acting director of the Federal Housing Finance Agency. Joseph A. Smith Jr. will be nominated by Obama to become FHFA director, an announcement from the White House said. FHFA regulates Fannie Mae and Freddie Mac. View full post on Mortgage Stories
Posted in Business Loans Tags: administration, director, Fannie, fannie mae, fannie mae and freddie mac, Federal, FHFA, Freddie, housing finance agency, joseph a smith, Joseph A. Smith Jr., Obama, Regulator, replacement, Selects Comments Off
