Highlights
A collection of news and information related to Fannie Mae published by this site and its partners.
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Distressed homes lure cash investors
Miami HeraldHouse hunters looking to buy a foreclosure in South Florida often discover they are getting outflanked by the pros: investors wielding cash. "If you don't have cash, or you're looking for financing, you can't play in the distressed arena,'' said Doug...Tags: Miami (Miami-Dade, Florida), Real Estate, Condos, Financial and Business Services, Real Estate Buyers
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Buyers who make all the right moves are taking advantage of lowest interest rates
Billings Gazette, Mont.U.S. Air Force retiree Mike Getlinger and wife, Kim, have hit the homeowner triple lottery: three mortgages in 11 years, all at historic lows of 5 percent or less. In 2002, the Getlingers bought their first home in South Carolina with a 3.78 percent,...Tags: Petroleum Industry, Human Interest, Rentals, Real Estate, Financial and Business Services
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Bay Area firm's idea to lift underwater homeowners to positive equity loses steam
The Sacramento BeeA year ago, with the real estate market still in a deep slump, a San Francisco firm caught the attention of officials in California and elsewhere with its novel idea of using eminent domain to seize underwater mortgages in order to reduce the amount...Tags: Finance, Local Government, Real Estate, Financial and Business Services, Mortgages
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Year-old funding scandal hurt local Race For the Cure, officials say
It's been more than a year since Susan G. Komen For the Cure Foundation was rocked by its short-lived but controversial decision to defund Planned Parenthood. But South Floridians, it appears, have a long memory. Susan G. Komen South Florida recently...
Tags: Palm Beach (Palm Beach, Florida), Social Issues, Human Interest, Family Planning, Breast Cancer
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New top Realtor sees a rebound, but full recovery years away
Washington TimesAs a Realtor in Orange County, California, Gary Thomas lives at the epicenter of the last decade's epic housing boom and bust that is only now beginning to release the economy from its withering grip. It was in that county and the broader Los Angeles...Tags: Republican Party, Bankruptcy, Washington, DC, Real Estate, Politics
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Treasury gears up to buy time under reimposed debt cap
ReutersWASHINGTON (Reuters) - The Obama administration on Friday notified Congress it was prepared to take a series of steps to free up about $260 billion so it can keep paying the nation's bills once a temporary suspension in the government's debt ceiling...Tags: Budgets and Budgeting, National Government, Washington, DC, Congressional Budget Office, Politics
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Obama budget cuts deficit $1.1 trillion over decade: CBO
ReutersWASHINGTON (Reuters) - Near-term U.S. deficits under President Barack Obama's 2014 budget plan would be higher than those forecast by the Congressional Budget Office this week but $1.1 trillion lower than what it estimates over the coming decade, CBO said...Tags: Budget Control Act of 2011, White House, Jeff Sessions, Washington, DC, Budgets and Budgeting
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Short sales routinely show up in credit reports as foreclosures
WASHINGTON — Are large numbers of homeowners who have negotiated short sales with lenders at risk because of a startling omission in the American credit system? Do their credit reports and scores indicate that they were foreclosed upon, rather...
Tags: Consumers, Real Estate, Financial and Business Services, Services and Shopping, Federal Housing Administration
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FACTBOX-U.S. Treasury's tools to delay hitting debt limit
ReutersMay 17 (Reuters) - U.S. Treasury Secretary Jack Lew on Friday announced a series of steps the Obama administration is prepared to take so it can keep paying the nation's bills once a temporary suspension of the cap on the U.S. government's debt expires...Tags: Career and Workplace, Japan Earthquake and Tsunami (2011), Retirement, Financial and Business Services, Congressional Budget Office
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When short sales leave sellers short
Are large numbers of homeowners who have negotiated short sales with lenders at risk because of a startling omission in the American credit system? Do their credit reports and scores indicate that they were foreclosed upon, rather than having negotiated a...Tags: Finance, Consumers, Real Estate, Financial and Business Services, Mortgages
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Property Transfers - May 17, 2013
Property transfers for the week of May 6 to May 10. — Edmond P. Stone Estate, Neil Stone and Crystal Freeman to Boyds Bottom LLC, Waters of Boone Creek, quitclaim. — Fannie Mae and Federal National Mortgage Association to Holly N. Lovings,...
Tags: Bank of America Corp., Federal National Mortgage Association
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Fed buys $17.3 billion of mortgage bonds, sells $2.2 billion
ReutersNEW YORK (Reuters) - The Federal Reserve bought $17.3 billion of agency mortgage-backed securities from May 9 through May 15, a tad less than the $17.8 billion it purchased last week, the New York Federal Reserve Bank said on Thursday. In a move to...Tags: Derivative Securities, Securities, Mortgages, Freddie Mac, Federal Reserve
May 20, 2013
|Story| McClatchy-Tribune
May 19, 2013
|Story| McClatchy-Tribune
May 19, 2013
|Story| McClatchy-Tribune
May 18, 2013
|Story| South Florida Sun-Sentinel
May 18, 2013
|Story| McClatchy-Tribune
May 17, 2013
|Story| Reuters
May 17, 2013
|Story| Reuters
May 17, 2013
|Story| Los Angeles Times
May 17, 2013
|Story| Reuters
May 18, 2013
|Story| Hartford Courant
May 17, 2013
|Story| Winchester Sun
May 16, 2013
|Story| Reuters
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