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Tag Archives: single-family

Fannie Mae Executes Two Front-end Credit Insurance Risk Transfer Transactions on $40 Billion of Single-Family Loans

WASHINGTON, May 27, 2020 /PRNewswire/ — Fannie Mae (OTCQB: FNMA) announced today that it has secured commitments for two front-end Credit Insurance Risk Transfer™ (CIRT™) transactions. CIRT FE 2020-1 and CIRT FE 2020-2 together cover up to $39.6 billion in unpaid principal balance of 21-year to 30-year original-term, fixed-rate loans, including …

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Florida housing market poised for growth after dismal April

April may not have been the cruelest month for Florida’s housing market, but it wasn’t entirely pleasant. Last month, Florida Realtors reported a 20.7% year-over-year drop in closed sales of single-family homes and a 36.5% plummet in condo-townhome sales during the same period. Furthermore, Florida Realtors reported new listings in …

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The Housing Vultures | by Francesca Mari

Homewreckers: How a Gang of Wall Street Kingpins, Hedge Fund Magnates, Crooked Banks, and Vulture Capitalists Suckered Millions Out of Their Homes and Demolished the American Dream David McNew/Getty ImagesA deteriorating bank-owned house, Moreno Valley, California, August 2008 “They control the people through the people’s own money.” —Louis Brandeis 1. …

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Koch makes $200M bet on Amherst Holdings’ single-family rentals

Soon after calling off a $2.3 billion deal to acquire a fellow single-family rental landlord, Amherst Holdings has landed a big investment from Koch Industries’ real estate arm. Charles Koch’s Koch Real Estate Investments has made a $200 million preferred-equity investment in Amherst’s single-family rental business, Bloomberg reported. The deal …

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KBRA Assigns Preliminary Ratings to Progress Residential 2020-SFR2

NEW YORK–(BUSINESS WIRE)–May 18, 2020– Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to six classes of Progress Residential 2020-SFR2 (Progress 2020-SFR2) single-family rental pass-through certificates. Progress 2020-SFR2 is a single-borrower, single-family rental (SFR) securitization that will be collateralized by a $405. 9 million loan secured by first priority mortgages …

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KBRA Assigns Preliminary Ratings to Progress Residential 2020-SFR2

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to six classes of Progress Residential 2020-SFR2 (Progress 2020-SFR2) single-family rental pass-through certificates. Progress 2020-SFR2 is a single-borrower, single-family rental (SFR) securitization that will be collateralized by a $405.9 million loan secured by first priority mortgages on 2,067 income-producing single-family …

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