Denver real estate broker battles Fannie Mae

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Fannie Mae filed a complaint against K.O. Realty Inc., arguing that it properly terminated its master listing agreement broker contract with the Denver-based firm. However, the Realtor filed a counterclaim, noting that she was wrongfully terminated. …read more

Pending home sales data mirrors pre-crash levels

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Pending home sales fell steadily from May to December last year, closely mirroring the trajectory of the same indicator months before the 2007 home price crash, analysts Chris Flanagan and Justin Borst with Bank of America-Merrill Lynch claim in a new report. …read more

Is California built out? Privately owned housing starts remain all-time record lows. Affordability continues to crush home buying but signs of lower prices loom.

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By drhousingbubble One of the major signs of a tipping point in real estate includes rising inventory, falling sales, and a resistance to higher home prices. California has reached this level. Affordability is a major challenge with only one out of three families able to afford the median priced home in the state. What is […]

NY Court signs off on $8.5B BofA settlement over pooled mortgages

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After more than two years of legal wrangling, a New York judge signed off on a controversial $8.5 billion settlement between Bank of America (BAC) and The Bank of New York Mellon over toxic mortgage securities. Investors spent the past two years trying to stop the deal, suggesting it ignored their interests. …read more

$2.4B Fannie Mae MSR sale hits the market

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MountainView Servicing Group is advising the sale of a $2.4B Fannie Mae mortgage-servicing rights portfolio with total unpaid principal balance of $2.4 billion, which features a weighted average interest rate of 3.69% and no delinquencies. …read more

Is the housing sector a drag on the U.S. economy?

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The headlines in most news stories and economic commentaries indicate that the housing market is continuing to improve and with it the US economy. But if you dig into the numbers a bit, the reality in the housing market is a good bit more subtle than the headlines suggest. …read more