As everyone knows, Fannie Mae is the largest purchaser of mortgages in the marketplace. They literally fund and hold trillions of dollars of both residential and commercial mortgages. Between them and their sister GSE (Government Sponsored Entity) Freddie Mac, 90% of all mortgages end up on their balance sheets, thus creating and facilitating the mortgage market that fuels the industry. Recently, Fannie Mae made a purchase that was out of the norm. It purchased a pool of mortgages for approximately $500MM. While this was a normal size pool, what made this transaction unusual was the purchase of a pool of 400,000 mortgages from Bank of America who was already servicing the loans!
Sold Homes August 2011
Back to Market Reports >> Sold Homes Las Campanas August 2011 Address List price Sell price %L/S Sell date DOM SqFt $/Sqft LotSz 7 Honeysuckle-Lot 14 $849,000* $800,000 94.23** 8/8/11 165/356 4707 $169.96 1.610 31 Graythorn-Lot 137 $925,000 $875,000 94.59 8/26/11 186 3746 $233.58 1.570 36 Sierra Rosa Loop-Lot 440 $850,000* $800,000 94.12** 8/29/11 354/883 3642 $219.66 … Read more