Bair: 3% Down Payment Mortgage Comes with Risk

Bair: 3% Down Payment Mortgage Comes with Risk Wells Fargo, the nation’s largest mortgage lender, is targeting first-time home buyers and low- to moderate-income buyers who have been sidelined in the housing recovery. The bank is underwriting the borrowers and Fannie Mae is originating and selling the loans. Borrowers may take out a mortgage up … Read more

Freddie Mac Announces Third Non Performing Loan Transaction of 2016 for $783 Million

“Through the first quarter of 2016, Freddie Mac has sold $4.3 billion in NPLs as part of its strategy to reduce the less liquid assets in its mortgage investment portfolio.” ~ Freddie Mac Announces Third Non Performing Loan Transaction of 2016 for $783 Million $783 Million Transaction Features Seven Pools, Including Two Extended Timeline Pools … Read more

Fannie Mae Announces Winners of its Latest Non-Performing Loan Sale – Goldman Sachs

Fannie Mae Announces Winners of its Latest Non-Performing Loan Sale – Goldman Sachs WASHINGTON, DC – Fannie Mae (FNMA/OTC) today announced the winning bidders for its fifth non-performing loan sale. The sale included approximately 7,900 loans totaling $1.48 billion in unpaid principal balance, divided amongst four pools. The winning bidder for the transaction, expected to … Read more

Another Bubble Has Burst: The Miami Luxury Condo Market Is A “Ticking Timebomb”

Another Bubble Has Burst: The Miami Luxury Condo Market Is A “Ticking Timebomb” Last year we warned that the luxury condo market in Miami was cooling down, and we also noted that one of the mail culprits was the fact that foreign buyers (especially Brazilians) were seeing their buying power crushed by the appreciating dollar. … Read more