News

Fannie Mae selling another $1.68 billion in NPLs to Goldman Sachs subsidiary, private equity

9,400 non-performing loans sold out of Fannie Mae’s portfolio
In what is now a common occurrence, Fannie Mae announced Tuesday that it sold a large portfolio of non-performing loans to private equity funds, one of which is a subsidiary of Goldman Sachs. The sale, which was originally announced last month, consisted of 9,400 non-performing loans that carry an unpaid principal balance of $1.68 billion.
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Walter Investment posts $529 million loss in 2016; CEO calls results 'unacceptable'

Revenue drops by $278.5 million from 2015
Walter Investment Management Corp. announced Tuesday morning that it posted a loss in each quarter of 2016, finishing the year with a net loss of $22.2 million in the fourth quarter. That result pushed the company’s total net loss for the year to $529.2 million. Walter Investment CEO Anthony Renzi, who took over in September 2016, said that the company’s 2016 results are unacceptable.
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Are you overestimating your home value?

That might depend on where you live
Many homeowners are overestimating the value of their home, with their estimates coming in above appraised values. And that gap grew even wider in February. However, this is much less true for homeowners on the west coast, where home prices are rising faster than homeowners can keep up with.
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Hey homebuyers! Need some extra luck this spring homebuying season?

Tips on how to lock on a home this spring
St Patrick’s Day ushers in the spring home-buying season as potential homeowners prepare for what is forecasted to be a strong, but extremely competitive, buying season. Future buyers could use all the extra luck they can get. Bruce Elliott, president of the Orlando Regional Realtor Association, shared tips on how buyers can make their own luck this busy spring-buying season.
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Christopher Whalen leaving Kroll Bond Rating Agency

Served as senior managing director and head of research for three years
Kroll Bond Rating Agency announced Tuesday that Christopher Whalen, who served as senior managing director and head of research, is stepping down. Whalen, an investment banker, author, and frequent HousingWire contributor, joined KBRA in 2014. Here's a look at what Whalen plans to do next.
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Movement Mortgage hires chief commercial officer

Michelle Donnelly to serve as lending company's first CCO
“What drew me to Movement was the amazing culture that has been created here,” Donnelly said. “I look around and see an entrepreneurial and innovative spirit in teams of people working for something bigger than just themselves.”
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Trump administration still claims Obama manipulated jobs data

But says numbers are real now
President Donald Trump continues to make claims about the unemployment rate, insisting that previous numbers were manipulated. However, after Friday’s strong employment report Trump insisted the numbers are real now. But the president isn’t the only one pointing fingers – his budget director also joined in saying he long-thought the Obama administration was changing the numbers.
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Mortgage delinquency rates signal improving economy

CoreLogic report reviews foreclosure crisis
CoreLogic released a report reviewing the years before and during the foreclosure crisis, and compared them to the current state of the market. By looking back at the years, the property analytics provider shows just how much the economy improved, and in what direction it is headed.
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