Fannie Mae sees 2012 home sales up 3.5% to 4.74 million

Fannie Mae: Leading the Digital Mortgage Transformation prior year earnings included a pre-tax gain of $11.4 million from the sale of Ginnie Mae (GNMA. or $2.97 per diluted share, up from $12.2 million, or $2.16 per diluted share, in fiscal year 2012..

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 · Approximately 4 million Fannie and Freddie borrowers owe more on their mortgage than their homes are worth. Across the US, nearly 11 million are underwater, or about 22.5% of all outstanding loans, according to CoreLogic, a data provider to mortgage underwriters.

SIGTARP: Seven charged in multi-million dollar mortgage scheme JW Showcase is tracked by us since April, 2011. Over the time it has been ranked as high as 3 499 in the world, while most of its traffic comes from USA, where it reached as high as 3 110 position.Mortgage applications tick up 1.6% for week as refis grow This morning we’ve had the MBA’s application survey numbers from last week: up nearly 3% with refis jumping. are better a tick or two (32nds). Continuing its national expansion, Florida’s Hamilton.

Fannie Mae provided approximately $3.3 trillion in liquidity to the mortgage market from January 1, 2009 through December 31, 2012 through its purchases and guarantees of loans, which enabled borrowers to complete 9.7 million mortgage refinancings and 2.7 million home purchases, and provided financing for 1.7 million units of multifamily housing.

The Fannie Mae 4.0 MBS coupon is +5/32 at 104-20 and the 3.5. Sales, is expected to have something positive to say about July. The index was plagued by a wave of cancellations in the previous month.

Mortgage rates have remained under 5% for more than eight years, with the exception of two weeks in February 2011, when the 30-year fixed briefly breached the 5% level, like a fish that jumps so.

Fannie Mae 3.0 vrs Interest rate on 10 year note? To determine when to lock a rate do any of you keep an eye on the 30YR FNMA 3.0 and/or the interest rate on a 10 year note? Can anyone explain to me why these two are helpful in determining how rates may up or down.

S&P/Case-Shiller shows new low for home prices in 1Q NOVEMBER S&P/CASE-SHILLER home price index consensus. posted new low index levels as measured by the. while these data do show that home prices are far more stable than they were a year ago.

However, mortgage originations are forecast to decline, with current industry estimates for the fourth quarter of 2013 totaling 0 billion (source:Average of Fannie Mae. 2012, our net gain on.

The new mortgages would be run through the FHA and open up today’s low rates to an estimated three to four million families. In conjunction with Fannie Mae Selling Guide Update SEL 2012-01, Chase.