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U.S. house prices declined 0.6% in July following June's downwardly revised -0.3%, the Office of Federal Housing Enterprise Oversight (OFHEO) reported Tuesday. The consensus had been looking for a decline of 0.2% in the month. Prior to revision, June's index had come in flat on the month. For...
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U.S. house prices were flat in June following May's revised 0.4% pullback, the Office of Federal Housing Enterprise Oversight ( OFHEO ) reported Tuesday. The consensus had been looking for a decline of 0.4% in the month. Prior to revision, May's index had declined 0.3% on the month. "Tighter credit conditions...
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U.S. house prices fell 0.3% month-over-month in May following April's 0.8% pullback, the Office of Federal Housing Enterprise Oversight (OFHEO) reported Tuesday. The consensus had been looking for a 0.8% month-over-month pullback in May. "It is very hard to draw conclusions from a one-month number, especially...
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For the third day this week the stocks of Freddie Mac and Fannie Mae took a hammerin' on Wall Street and for the second day major newspapers are speculating on their survival as independent companies. On Friday The New York Times and Barons both reported that the two government sponsored enterprises...
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Shares of Freddie Mac and Fannie Mae were looking a little better in early trading on Tuesday after investors fled the two government sponsored entities (GSEs) the previous day over doubts that their underlying capital could make it more difficult for them to buy or guarantee mortgages. That, in turn...
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The S&P/Case Shiller house price index, data from the OFHEO and the Richmond Fed's manufacturing report will highlight the U.S. economic releases as Canadian markets receive employment insurance data and comments from Finance Minister Jim Flaherty. At 7:45 a.m. EDT, ICSC chain store sales will be released...
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U.S. house prices fell 0.8% month-over-month in April following March's revised 0.6% decline, the Office of Federal Housing Enterprise Oversight ( OFHEO ) reported Tuesday. The consensus had been looking for a 0.4% month-over-month pullback in April. Leading the decline was a 2.0% month-over-month fall...
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House prices fell 0.4% month-over-month in March following February's revised 0.4% gain, and declined 1.7% quarter-over-quarter in Q1 compared to a previous 0.1% gain, the Office of Federal Housing Enterprise Oversight (OFHEO) reported Thursday. The quarterly fall was the largest decline on record. The...
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The new monthly OFHEO purchase-only home price index is expected to fall 1.5% in February, following a 1.1% decline in the January report. The purchase-only index, based on data from home sales, was introduced in OFHEO's fourth quarter 2007 House Price Index (HPI) report, and provides home price conditions...
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U.S. house prices rose 0.6% in February following January's 1.1% decline, the Office of Federal Housing Enterprise Oversight (OFHEO) reported Tuesday. Economists had expected a monthly decline of 1.5%. In the previous month, U.S. home prices fell 1.1% between December 2007 and January 2008, contributing...
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The Office of Federal Housing Enterprise Oversight (OFHEO), the division of the Department of Housing and Urban Development that oversees and regulates Freddie Mac and Fannie Mae, has reached a notable settlement with three of Fannie Mae's former executives. The settlement, announced late Friday, will...
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Fannie Mae and Freddie Mac have made considerable progress towards achieving financial stability , but more progress needs to be made, according to the Office of Federal Housing Enterprise Oversight's annual report to Congress released on Tuesday. "While they have made progress in fixing many of their...
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Fannie Mae's Managing Director, Brian Faith, released a statement on Wednesday that gave notice that at least one of the two government sponsored enterprises (GSEs) that play a major role in the nation's mortgage industry has decided it would be wise to protect its own interests. Government lawmakers...
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The Office of Federal Housing Enterprise Oversight (OFHEO) which oversees operation of Fannie Mae and Freddie Mac late Tuesday announced a major initiative in cooperation with the two government sponsored enterprises (GSEs) to increase, by perhaps as much as $200 billion, the liquidity of the mortgage...
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New York Attorney General Andrew M. Cuomo announced an agreement on Monday between his office and Freddie Mac and Fannie Mae under which the two largest purchasers of home loans will buy home mortgages only from those lenders that meet new standards that it is hoped will ensure independent and reliable...