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Is Freddie Mac Facing another Draw?

by devteam March 20th, 2015

In 2013 Fannie Mae and Freddie Mac (the GSEs) both essentially bankrupt five years earlier, posted huge profits. For Fannie Mae it was $84 billion and Freddie Mac $49 billion. Both of course disclosed that much of the profit was the result of reclaiming

Weak Year-end Home Values Increase Underwater Numbers

by devteam March 19th, 2015

Even though the number of underwater homes increased seasonally in the fourth quarter of 2014, CoreLogic reports that 1.2 million borrowers regained equity in their homes during the year. At year's end approximately 44.5 million homeowners or 89 percent

No Spring in Mortgage Application Volume Yet

by devteam March 18th, 2015

It has been a tough winter and with spring less than a week away borrowers have apparently not yet emerged from hibernation. Applications for both home purchases and refinancing were lower during the week ended March 13 in spite of falling interest rates

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