Thursday, December 6, 2012

Monday, December 3, 2012


Colony behind big real estate buy
The winning bidder for Fannie Mae's bulk sale of more than 300 sought-after foreclosure houses in metro Phoenix has been revealed: Santa Monica, Calif.-based Colony Capital. But the true cost of the houses is still a mystery because of the complex financing deal approved by Fannie Mae's regulator, the Federal Housing Finance Agency. The more than 300 houses in Arizona are lumped in with a total of 970 foreclosure homes Colony is buying. The other properties are in California and Nevada.
Read article -

FHFA: No change to conforming loan limits at Fannie, Freddie
The maximum conforming loan limits will remain the same for mortgages acquired by Fannie Mae and Freddie Mac, the firms' conservator said Thursday. The Federal Housing Finance Agency said the maximum loan limit for one-unit properties will remain at $417,000, but can still run as high as $625,500 when the property resides in one of the designated high-cost areas.
Read article - Housing Wire