It was previously reported that there were significant repurchase agreement (repo) disruptions with consequent disruptions in the Secured Overnight Financing Rate (SOFR). .
Corresp., AE, LO Jobs; Digital, Warehouse, Processing, Pricing Products; Freddie and Fannie News Apr 29 2021, 8:30AM
A “google” is the large number of 1 with 100 zeroes after it. For lenders, a billion is a large number, and it would be unheard of for a lender to save $1 billion in costs. But that is what Google’s parent Alphabet Inc. is saving, per year in costs, because employees are working from home, not traveling, not paying for company promotions, travel, or entertainment. (Wing is also a company owned by Alphabet, and is a drone company delivering Girl Scout Cookies to an area in Virginia.) While lenders are focused on the cost to manufacture a loan, and CEOs are busy educating their staffs about existing costs and reducing them, other people are… trying to sell an island in Florida at $3 million per bedroom? Hope your plumbing doesn’t back up, or that you forgot to buy basil for that pasta sauce you’re making tonight. Don’t forget t
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CHICAGO, April 14, 2021 /PRNewswire/ preREO, an online marketplace that connects local real estate investors with lenders selling delinquent first mortgages and REO properties, announced that Talia Ramos has joined the company as Director of Post-Closing. She will be responsible for offering assistance and education on the foreclosure process and providing investment strategies to maximize returns. We are happy to have Talia join our team, said preREO CEO Jorge Newbery. She will be a great resource for our investors.
preREO Welcomes Talia Ramos as Director of Operations
Talia brings over a decade of experience in entrepreneurship, real estate, finance and investments to preREO. She has acquired, developed, managed and disposed of more than $100 million in real estate across all asset classes nationally.
By Premiere Networks
Mar 15, 2021
BRETT: Ah, Governor Cuomo. Governor Cuomo could best be summed up as an example of what Rush always said about media-made status. Now, over the weekend over on CBS Face the Nation, Margaret Brennan asked mayor of New York Bill de Blasio, Comrade Bill de Blasio, Do you believe that he Andrew Cuomo and his administration deliberately tried to cover-up the scale of the nursing deaths?
DE BLASIO: I don t have a doubt in my mind. Uh, everything was about his public image. Everything was about his political future. It was not about what people needed and, by the way, it was about campaign contributions.
FHFA further extends foreclosure and REO eviction moratoriums
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FHFA further extends foreclosure and REO eviction moratoriums
On February 25, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac would extend the foreclosure and real estate owned (REO) eviction moratoriums from March 31, 2021 to June 30, 2021. The foreclosure moratorium applies only to Government Sponsored Enterprises (GSEs) single-family mortgages, while the REO eviction moratorium applies to properties acquired by the GSEs through foreclosure or deed-in-lieu of foreclosure transactions. The extension announcement is welcome news for counties as they work to address the housing affordability and insecurity crisis that has been exacerbated by the COVID-19 pandemic.