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Toll Brother's Solid Q3 Results Puts Homebuilders On Strong Foundation
Tuesday, August 21, 2018 - 11:37am | 637Read More...Shares of homebuilders are on a roll after luxury homebuilder Toll Brothers Inc (NYSE: TOL) reported forecast-beating third-quarter earnings, revenues and home deliveries. At the time of writing: Toll Brothers was rallying 11.92 percent to $38.86. Beazer Homes USA, Inc. (NYSE: BZH) was seen...
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Bipartisan Group Of Senators Working On Fannie And Freddie Behind The Scenes
Friday, May 12, 2017 - 10:30am | 469Read More...On Thursday, director of the Federal Housing Finance Agency Mel Watt reportedly testified in front of the Senate Banking Committee calling for Federal National Mortgage Association (OTC: FNMA) and Federal Home Loan Mortgage Association (OTC: FMCC) to begin retaining their earnings rather than...
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Freddie Mac Is Selling $410 Million In Delinquent Loans
Thursday, January 29, 2015 - 3:43pm | 417Read More...Government-backed mortgage giant Freddie Mac (OTC: FMCC) recently announced that it will be selling $410 million of deeply delinquent mortgage loans in a continued effort to clean up its balance sheet. The Federal Housing Finance Agency (FHFA) is pressing Freddie Mac and cousin Fannie Mae (OTC...
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Home Prices Rose In October, November Sales Declined
Tuesday, December 23, 2014 - 1:08pm | 174Read More...The Federal Housing Finance Agency (FHFA) reported Tuesday that U.S. house prices rose in October, up 0.6 percent on a seasonally adjusted basis from the previous month, according to the FHFA monthly House Price Index (HPI). The previously reported house price change of 0.0 percent in September...
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What First Horizon's FHFA Settlement Means For RBS and Goldman
Wednesday, April 30, 2014 - 8:19pm | 934Read More...The Federal Housing Finance Agency (FHFA) has settled the smallest securities fraud suit that remained of the 18 it had filed back in 2011, regarding mortgage-backed securities sold to Fannie Mae and Freddie Mac. First Horizon National (NYSE: FHN) on Tuesday agreed to pay $110 million, which is...
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Data Reveals Stunning Housing Sales Decor, Concern over Mortgage Applications Structural Damage
Tuesday, December 24, 2013 - 2:12pm | 759Read More...Over the past week, housing data flooded news terminals. The Federal Housing Finance Agency reported positive housing appreciation in October. The Commerce Department's data on the purchased of new homes exceeded projections in November to a five-year high. Despite the rise in mortgage...
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JPMorgan Chase Said to Agree to $13 Billion Settlement with Justice Department
Tuesday, November 19, 2013 - 10:05am | 577Read More...According to The New York Times, the U.S. Justice Department planned to announce as early as Tuesday, a $13 billion settlement with JPMorgan Chase (NYSE: JPM). Sources told the newspaper Monday that the deal, related to the Wall Street bank’s mortgage practices prior to the 2008 financial...
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Fannie Mae and Freddie Mac Continue to Need Government Aid (FNM, FRE)
Wednesday, May 26, 2010 - 4:23pm | 159Read More...According to the Acting Director of the Federal Housing Finance Agency, Edward J. DeMarco, housing finance giants Fannie Mae and Freddie Mac would not be able to continue to provide funding for the U.S. mortgage market without the continued taxpayer assistance from the Treasury Department. He said...
