Freddie Mac

Freddie Mac, long name- Federal Home Loan Mortgage Corporation, is a GSE (Government Sponsored Enterprise), and is commonly mistaken to be a Government Agency.  Though put under conservatorship of the Federal Housing Finance Agency in September of 2008, the purpose of Freddie Mac has been little changed.  The purpose of Freddie Mac is to function in the Mortgage Backed Securities Arena as a guarantor of mortgages for a fee.

California REALTORS® applaud FHFA for raising Fannie Mae and Freddie Mac conforming loan limits

  LOS ANGELES/ Nov. 27 (STL.News) The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today issued the following statement in response to the Federal Housing Finance Agency’s (FHFA) announcement to increase the 2019 conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac to $484,350 on one-unit properties and a cap of $726,525 in high-cost … Continue reading California REALTORS® applaud FHFA for raising Fannie Mae and Freddie Mac conforming loan limits

Existing-Home Sales Increase for the First Time in Six Months

  WASHINGTON/ November 23, 2018 (STL.News) Existing-home sales increased in October after six straight months of decreases, according to the National Association of Realtors®. Three of four major U.S. regions saw gains in sales activity last month. Total existing-home sales1, https://www.nar.realtor/existing-home-sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 1.4 … Continue reading Existing-Home Sales Increase for the First Time in Six Months

Palm Beach County Home Sales Register Robust October 2018

  MIAMI, FLA.\ NOVEMBER 21, 2018 (STL.News) Total Palm Beach County home sales increased 17.1 percent year-over-year in October as median prices and dollar volume rose for all properties, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system. Palm Beach existing condo sales once again … Continue reading Palm Beach County Home Sales Register Robust October 2018

LendingQB Integrates with eOriginal to Enable eNotes For Mortgage Originators

  BALTIMORE/ NOVEMBER 14, 2018 (STL.News) eOriginal Inc. and LendingQB today announced an integration that enables the generation, execution and management of eNotes. The companies announced the integration on the eve of the MERS® eMortgage Boot Camp in Irvine, Calif. “LendingQB’s work with eOriginal is another milestone in the creation of an open ecosystem for … Continue reading LendingQB Integrates with eOriginal to Enable eNotes For Mortgage Originators

National Association of Realtors® Commends FHFA Decision to Abandon Single Family Rental Program

August 22, 2018 (STL.News) The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac will conclude their single-family rental pilot programs. National Association of Realtors® President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, issued the following statement commending the FHFA for its decision: “With … Continue reading National Association of Realtors® Commends FHFA Decision to Abandon Single Family Rental Program

US home sales fell 0.7 percent, 4th straight monthly decline

WASHINGTON/ August 22, 2018 (STL.News)— U.S. sales of existing homes slipped for the fourth consecutive month, declining 0.7 percent in July to the slowest pace in more than two years as the real estate market shows signs of cooling. The National Association of Realtors said Wednesday that homes sold last month at a seasonally adjusted … Continue reading US home sales fell 0.7 percent, 4th straight monthly decline

CoreVest Closes $6MM Loan with Freddie Mac Multifamily Pilot Program for Single-Family Rental

NEW YORK and IRVINE, Calif./ Aug. 2, 2018 (STL.News) — CoreVest, the leading lender to residential real estate investors, is pleased to announce the closing of a $6-million mortgage loan secured by a pool of 55 single-family rental homes. The properties, located in and around Kansas City, Missouri, are owned by Golden Pacific Capital’s GPC … Continue reading CoreVest Closes $6MM Loan with Freddie Mac Multifamily Pilot Program for Single-Family Rental

Fla. Housing Market: Median Prices Continue to Rise in June 2018

ORLANDO, Fla./ July 23, 2018 (STL.News) — Florida’s housing market reported rising median prices, fewer days to contract and a continuing tight supply of inventory in June, according to the latest housing data released by Florida Realtors®. “Florida is still experiencing a shortfall in for-sale homes in many local housing markets and that continues to … Continue reading Fla. Housing Market: Median Prices Continue to Rise in June 2018