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Author Archives: Brittany Dunn

Third Quarter Financial Results Released by Freddie Mac

The third quarter results have been released, and Freddie Mac is posting a loss. A $5 billion loss. Compared with the net income of $768 million during the second quarter, this $5 billion loss comes to a total of $6.3 billion after the dividend payment of $1.

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Report Shows Rise in Mortgage Layoffs

With the unemployment rate at an all-time low, employment in the mortgage industry is following suit. According to the Third Quarter Mortgage Employment Analysis from Mortgagedaily.com, mortgage employers eliminated 710 more positions during the third quarter than they added.

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Redfin Releases New Version of Website

Redfin, an online brokerage, recently released a new version of the website. This new site features near-real-time data and photos of recent home sales, as well as automatic links to blog discussions of a listing, according to Redfin.

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Multiple Lenders Face Penalties from HUD

In an announcement coming today from the HUD Mortgage Review Board (MRB), two FHA-approved lenders will be facing penalties for alleged violation of a variety of FHA lending and marketing standards.

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