Freddie Mac
Fannie Mae, Freddie Mac offer home loans for 3% down
Fannie Mae and Freddie Mac announced new products for homebuyers on a budget.<p>For just a 3 percent down payment, certain consumers can now get a loan from both government-sponsored lenders for a home purchase or refinance transaction, which means the agency will finance up to 97 percent …
Real EstateU.S. Pursues One of the Biggest Mortgage-Fraud Probes Since the Financial Crisis
Owners of an apartment complex near Pittsburgh, who wanted to take out a mortgage on the buildings, allegedly made vacant units look occupied by turning on radios, placing shoes and mats outside doors and in one instance having a woman tell inspectors her boyfriend was asleep inside.<p>The owners …
Real EstateAckman Has New Stake Worth $800 Million in Unidentified Company
Bill Ackman said Wednesday his Pershing Square Capital Management has a new undisclosed position valued at about $800 million in a company he didn’t …
MarketsBusiness events scheduled for Thursday
Major business and economic events scheduled for Thursday:<p>WASHINGTON — Commerce Department releases housing starts for July, 8:30 a.m.<p>WASHINGTON — …
MortgagesRBS to Settle RMBS Claims for Record $4.9B
Royal Bank of Scotland Group has settled another case arising out of its sale of toxic mortgage-backed securities for a…
InvestingGoogle discloses who buys U.S. election ads on its platform, and what they pay
INTERNET<p>Google discloses election ad buyers<p>Google has added a section to its twice-yearly transparency report to show who buys U.S. election ads on its platform and how much money is spent on political advertising, the search engine giant said Wednesday.<p>The move follows similar steps from Twitter …
BusinessBuy MGIC Investment Corp. And Radian Group - Great Risk/Reward Value Stocks
Editor's note: Seeking Alpha is proud to welcome Gary J. Gordon as a new contributor. It's easy to become a Seeking Alpha contributor and earn money …
BusinessLong Island home prices rise as buyers face competition
In Suffolk County, homes sold for a median price of $390,000 in July, a 6.8 percent increase from a year earlier, the Multiple Listing Service of …
Real EstateTracking Bill Ackman's Pershing Square Portfolio - Q2 2018 Update
This article is part of a series that provides an ongoing analysis of the changes made to Pershing Square’s 13F portfolio on a quarterly basis. It is …
InvestingTracking Bruce Berkowitz's Fairholme Portfolio - Q2 2018 Update
This article is part of a series that provides an ongoing analysis of the changes made to Fairholme’s 13F stock portfolio on a quarterly basis. It is …
InvestingI’ll Never Buy Another Multifamily Without This $75,000 Tool That Added $1.3M Value in Less Than 12 Months
In less than 12 months, we will have turned a $75,000 investment in smart metering technology (which was mostly offset by a lower loan rate) into …
Real EstateNow's The Time To Consider The Consumer Mortgage Market
<i>By Jason Callan, Senior Portfolio Manager, Head of Structured Assets, Head of Core and Core Plus</i><p><i>The U.S. consumer is financially healthy and</i> …
InvestingStartups Turning Office Market Upside Down by Offering Short-Term Leases
Real-estate companies like Convene and WeWork are offering short-term leases and smaller, amenity-rich office spaces for corporate tenants that want flexibility<p>By<p>Peter Grant<p>A startup real-estate technology firm is looking to take on shared office company WeWork Cos in one of hottest new areas of …
Real EstateBanks should do more to prevent renters from being displaced
American Banker’s recent article on displacement financing shined light on an issue that many community organizations deal with on a daily basis — …
HousingCongressmen Love Talking About Tech Companies—But Don’t Understand How They Work
All children learn that if you don’t have anything nice to say, don’t say anything at all. But that hasn’t stopped congressmen from talking about …
BusinessHow next FHFA chief can reform Fannie, Freddie without Congress' help
The regulator of the government-sponsored enterprises has substantial authority to intervene as a legislative stalemate continues.
MortgagesWorld Bank Launches Market’s First SSA Secured Overnight Financing Rate (SOFR) Bond
<b>Washington, DC, August 14, 2018 –</b> The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced its first …
World BankPGIM Real Estate Finance provides $8.1 billion in financing in first half of 2018
PGIM Real Estate Finance originated $8.1 billion in commercial mortgage financing in the first half of 2018, propelled by strong production in …
Real Estate8/9/2007 - When The Music Stopped But The Bankers Were Still Dancing
<i>Source: istockphoto.com</i><p><i>“When the Music Stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to</i> …
BusinessNew loan programs target home buyers with just 3% down—or less
This article is reprinted by permission from NerdWallet.<p>For years, the Federal Housing Administration was the king of the low-down-payment mortgage …
Real EstateHow to Play Housing: Redfin Guides Down, Buy Home Depot
You kids know who Glenn Kelman is? OK, easier question. You guys ever hear of Redfin Corp. (RDFN) ?<p>First off, for the uninitiated, Redfin is a …
BusinessBank of America Says Pump the Brakes on Structured-Credit Risk
Signals are flashing red in the structured credit market, according to Bank of America.<p>Credit analysts at the bank are warning that structured credit …
Bank of AmericaNext Recession Will Be 'More Like a Flu Than a Heart Attack,' Columbia's Tooze Says – Bloomberg
Next Recession Will Be 'More Like a Flu Than a Heart Attack,' Columbia's Tooze Says<p>Next Recession Will Be 'More Like a Flu Than a Heart Attack,' …
Columbia UniversitySaudi refinance firm plans Islamic bond issues to fund mortgage drive
RIYADH, Aug 13 (Reuters) - Government-owned Saudi Real Estate Refinance Co (SRC) plans to begin issuing Islamic bonds in coming months to finance its drive to expand the kingdom’s home mortgage market, its chief executive said on Monday.<p>Founded in 2017 by the Public Investment Fund (PIF), the …
Real EstateTen Years and One Month Ago at Grasping Reality: July 12-14, 2008
<i>BBC Reality TV?</i>: Andrew Samwick: "A News Program or Reality TV? | Capital Gains and Games: I agree with Stan—this post by Brad DeLong about his …
MortgagesBusiness calendar
ADVERTISING<p><b>COMING UP</b><p><b>TUESDAY</b><p>>> Home Depot Inc. reports quarterly financial results.<p><b>WEDNESDAY</b><p>>> Commerce Department releases retail sales data for …
U.S. Dept. of CommerceTurkish lira crisis sends shock waves across emerging-market funds
MARKETWATCH FRONT PAGE<p>Emerging-market assets are under pressure on Friday as troubles in Turkey’s currency stoked a broader concern about contagion …
Stock MarketsHunt Real Estate Capital Finances the Acquisition of a Multifamily Property Located in Pikesville, Maryland
NEW YORK, Aug. 13, 2018 /PRNewswire/ -- <b></b>Hunt Real Estate Capital, a leader in financing commercial real estate throughout the United States, announced today it provided a $33.83 million first mortgage bridge loan to enable the acquisition and renovation of a multifamily property located in …
Real EstateWhat Does a "Second Mortgage" Really Mean?
You'll often hear the term "second mortgage" come up when watching a movie or TV show when a character isn't in a great financial standing. "They had …
Personal FinanceSutherland Asset Management Corp (SLD) CEO Thomas Capasse on Q2 2018 Results - Earnings Call Transcript
Sutherland Asset Management Corp (NYSE:SLD) Q2 2018 Earnings Conference Call August 8, 2018 8:30 AM ET<p><b>Executives</b><p>Frederick Herbst - CFO & …
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