Real GDP growth in Q2 is way up from a paltry 0.6 percent annual growth rate in Q1 and at 3.7 percent is now way ahead of forecasts for the remainder of 2015. But when all economic factors are considered, is the news all good?
Read More »Freddie Mac’s Portfolio Expands Further to Reach $1.925 Trillion
While not as substantial as June's increase, Freddie Mac's total mortgage portfolio still expanded in July, this time at a compound annualized rate of 0.8 percent, according to Freddie Mac's July 2015 Monthly Volume Summary released on Wednesday.
Read More »Auction.com Hires New VP of Customer Engagement
Irvine, California-based online real estate marketplace Auction.com has announced the hiring of former eBay executive Kristine Chin as VP of customer engagement. The duties of the newly-created role of VP of consumer engagement involve spearheading a cohesive, comprehensive, company-wide effort to help Auction.com employees understand the company's customers raise awareness of their needs both now and for the future.
Read More »Single-Family Renters May Be More Motivated to Become Homeowners Than Those in Apartments
Fannie Mae's new research released Tuesday indicates that people living in single-family rental properties (a house, townhouse, or condo) may be more likely to buy a home than those living in apartments.
Read More »Fed Rate Increase Questionable Among Recent Stock Market Losses
Monday's stock market performance brought about some anxiety among big U.S. businesses and other stakeholders while the Dow Jones dropped by 1,000 points and spent the rest of the day fighting its way back toward the break-even point.
Read More »Fannie Mae and Freddie Mac Surpass FHFA Credit Risk Transfer Goals
Fannie Mae and Freddie Mac have surpassed the credit risk transfer goals set by their conservator in just three years. According to the FHFA's Overview of Fannie Mae and Freddie Mac Credit Risk Transfer Transactions for August 2015 released Friday, the GSEs transferred significant credit risk on loans totaling more than 667 billion dollars in unpaid principal balance.
Read More »FDIC Sues Bank of NY Mellon Over $2.06 Billion in Failed RMBS
The Federal Deposit Insurance Corp. has sued Bank of New York Mellon, claiming that the bank breached its duties as bond trustee for $2.06 billion worth of residential mortgage-backed securities purchased by an FDIC-insured bank in Texas which later failed.
Read More »FHFA Issues Fannie Mae & Freddie Mac Final Affordable Housing Goals Rule
The Federal Housing Finance Agency announced a final rule establishing the housing goals for Fannie Mae and Freddie Mac for both single-family and multifamily housing.
Read More »MCS Valuations Announces Closing of Utah Office
MCS Valuations (MCSV) has announced the closing of its Sandy, Utah, office. The company will move of all of its operations to the Mortgage Contracting Services (MCS) headquarters in Plano, Texas, and MCS offices in Tampa, Florida, and Ruston, Louisiana.
Read More »St. Louis Fed Official Reviews Central Bank’s Post-Crisis Economic Policies
In a recently released white paper analyzing actions taken by the Federal Reserve in the immediate aftermath of the 2008 financial crisis, St. Louis Fed VP Stephen D. Williamson questions a few of the central bank's policies and the effect they have had on the economy.
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