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Fannie Mae Details Delinquency Buyback Plan

The nation's largest mortgage financier says it will purchase up to 200,000 seriously delinquent loans from mortgage-backed securities (MBS) holders this month. As of the end of last year, Fannie's single-family MBS loans that were considered seriously delinquent totaled $127 billion. The GSE says after its March buybacks, it will continue purchasing loans in each of the subsequent few months until the company has ""substantially reduced"" the population of loans that are four or more months delinquent.

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SIFMA Makes Agency Bond Pricing Available to Individual Investors

The Securities Industry and Financial Markets Association (SIFMA) is now carrying price data for approximately 25,000 federal agency bonds on its Investing in Bonds Web site. The new data is available via a feed from the Financial Industry Regulatory Authority (FINRA) following an expansion of its Trade Reporting and Compliance Engine (TRACE) to include debt issued by federal government agencies, government corporations, and the GSEs.

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Encore Multi-Family Appoints New President

Encore Multi-Family, a subsidiary of Dallas-based Encore Enterprises, Inc., announced Monday that Brad Miller has been named president of the company. Miller has more than three decades' experience in real estate investment and development and brings multiple market expertise in investment analysis, distresses asset acquisition, fee management, and complex land settlements to his new position with the company.

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Freddie Mac Sees Stabilization in Home Prices

Freddie Mac said Tuesday that its home price index for conventional mortgages it purchased last year registered a 0.4 percent decline from the fourth quarter of 2008 to the fourth quarter of 2009. The GSE was quick to point out that this was a much smaller decline than the 9.5 percent drop in home prices recorded in 2008. Four out of nine census regions posted annual price gains, with the Pacific part of the country leading the way with a 1.6 percent increase.

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Bay State Foreclosure Report Mixed in January

Data regarding Massachusetts foreclosures in January was mixed, according to the most recent report released Tuesday by The Warren Group, a Boston-based provider of real estate data in New England. While lenders initiated fewer foreclosures in January, the number of completed foreclosures increased.

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Foreclosure Overhang Hinders Home Price Appreciation: Barclays

A number of the industry's closely-watched home price gauges indicate that stabilization has been slowly creeping into the picture since mid-2009. Analysts at Barclays Capital agree that the risk of a sharp decline in housing continues to recede with every passing month. But they caution that home prices nationally will drop another 4 to 5 percent before officially hitting bottom, and there's little chance of sustained gains any time soon thanks to an inflated supply of foreclosures.

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Foreclosures Decrease in January: Report

According to statistics from Miami-based Bank Foreclosures Sale, an online listing service, foreclosure rates in states across the nation were significantly lower in January. The company reported that the number of foreclosures for sale fell to 315,710, marking a 10 percent decline from December. While these positive figures may have some thinking ""housing recovery,"" experts say it is important to note that January's numbers are still 15 percent higher than a year earlier.

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Veros Enhances Risk Management Platform

To further automate servicer processes, Santa Ana, California-based Veros Real Estate Solutions, a provider of risk management and collateral valuation services, recently added new capabilities to its Valuation Risk Management (VRM) platform. Veros said the new enhancements to the platform will allow servicers to automate several time-consuming processes as they struggle to deal with rapidly expanding delinquencies.

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IBM Completes Acquisition of Wilshire Credit

International Business Machines Corp. (IBM) said Monday that it has finalized its acquisition of the core operating assets of Wilshire Credit Corporation from Bank of America. The deal solidifies IBM's presence in the mortgage market, where technology-based service providers have been under increasing pressure to accommodate servicers' rising modification and foreclosure volumes.

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