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@FreddieMac’s Earning Surprise

Posted on September 12, 2017

@FreddieMac’s Earning Surprise Freddie Mac’ shares were up in after-hours trading after reporting net income of $1 billion for the second quarter, down from the same period last year, but still not too shabby. “That’s getting back to the hIgh side of their historical average”, says the Collingwood Group Chairman Tim Rood, a former Fannie […]

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@Fanniemae, @Freddiemac’s Unhappy Anniversary Remembrance; #HurricaneIrma Wallops #Florida 

Posted on September 11, 2017

Fannie, Freddie’s Unhappy Anniversary Remembrance; Hurricane Irma Wallops Florida  It was just about nine years ago that the Treasury Department and the FHFA seized control of Fannie Mae and Freddie Mac, declaring the two government-chartered mortgage giants insolvent. The Collingwood Group Chairman Tim Rood, former Fannie Mae executive, says, “Over 600 organizations received some form […]

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#HurricaneIrma Targets #Florida

Posted on September 08, 2017

Hurricane Irma Targets Florida Irma is increasingly likely to target parts of the Florida peninsula as a dangerous hurricane this weekend. Parts of Georgia and the Carolinas could then be struck by Irma early next week, according to the Weather Channel. Most of the property in Florida’s flood zone is not insured, The Associated Press reports. […]

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#Hurricane Warning: #Florida Worries as #Houston Rebuilds

Posted on September 06, 2017

Florida Gov. Rick Scott has declared a state of emergency in all of the state’s 67 counties in advance of Hurricane Irma. Scott says the order is meant to ensure governments have “ample time, resources and flexibility to get prepared” for the storm. The governor says since many of the storm models have Florida in […]

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#LaborDay 2017: Working Harder for that #Home Down Payment

Posted on September 01, 2017

As the long Labor Day weekend kicks off, we’re reminded that people across the USA are working even harder to achieve the “American Dream” of homeownership, but many worry that dream is getting more difficult to achieve. “Homeownership is affecting this generation in much the same ways it has affected previous generations, but with a twist,” says The Collingwood […]

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#Hurricane Harvey, #Housing, #Houston & the Aftermath

Posted on August 30, 2017

Flood damage in Texas from Hurricane Harvey may equal that from 2005’s Hurricane Katrina, the costliest natural disaster in U.S. history, according to the Insurance Information Institute. The storm settled over Houston creating flooding of “historic proportions” in the nation’s fourth largest city, according to the National Weather Service. The images emerging are horrifying and tragic with […]

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Collingwood Group Special Report: Hurricane Harvey & Housing

Posted on August 29, 2017

Hurricane Harvey could cause insured property losses upward of $2 billion for both residential and commercial properties. The storm settled over Houston creating flooding of “historic proportions” in the nation’s fourth largest city, according to the National Weather Service. The images emerging are horrifying and tragic with up to 50 inches of rain forecast, perhaps […]

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#Home Equity Fuels #Businesses

Posted on August 16, 2017

Homeownership not only benefits the mortgage and housing industries — it also benefits the economy perhaps in a way you haven’t considered before. Equity in a home was used as a source of capital to start 284,618 businesses — 7.3% of all businesses — according to a new source of data released recently by the […]

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Baby #Boomers Not Selling Are Choking the #Housing Market

Posted on August 14, 2017

People 55 and older own 53 percent of owner-occupied houses, the biggest share since the government started collecting data in 1900, according to Trulia. That’s up from 43 percent a decade ago. Those ages 18 to 34 claim just 11 percent. When baby boomers were that age, they had homes at almost twice that share. Public […]

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Fix FICO Fast

Posted on August 11, 2017

A Senate bill would require Fannie Mae and Freddie Mac to use credit scoring models that would make it easier for millennials and first-time buyers to get in on the American dream of homeownership. Co-sponsored by Sens. Tim Scott (R-S.C.) and Mark Warner (D-Va.), the bill would direct the mortgage giants to create procedures that […]

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