Freddie Mac Turns Corner to Full-Year Profitability

Freddie Mac's net income increased by 55 percent in the fourth quarter of 2012 primarily due to a decrease in newly delinquent loans and an improvement in home prices . The company reported net income on Thursday of $4.5 billion compared to headline.9 billion in the third quarter of 2012. Comprehensive net income in the fourth quarter was $5.7 billion compared to $5.6 billion in the third quarter and for the entire year comprehensive net income was $11.0 billion and comprehensive income was $16.0 billion...

NY Attorney General Reportedly Investigating BOA over Mortgage Securities

Reuters is reporting that Bank of America (BOA) is the subject of yet another investigation. New York State Attorney General Eric Schneiderman is allegedly looking at the bank's purchase, securitization, and underwriting of home mortgages. BOA would be the third bank targeted by Schneiderman's office over securitization practices. Reuters took its information from a 10-k securities filing by the bank in which it said it was cooperating with the investigation. In the filing with the Securities and...

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Today's Comments

	"I see $8,000+ seller credit if using the builders lender - that's not built into the price? You're a fool if you think for a second that it isn't..."
	"In our current regulatory environment, I am surprised the affiliate model has lasted this long. I don't see a long shelf life for practices as they..."
	"I certainly respect the risk and investment a builder makes - with very little certainty and assurance a transaction will close - but coercing buyers ..."

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