Freddie Mac
MIAMI, FL - FEBRUARY 22: A Fannie Mae Freddie Mac mortgage services representative (L) helps a person register for help with their mortgage during the Help for Homeowners Community Event at the James L. Knight Center on February 22, 2012 in Miami, Florida. The event put on by the U.S. Treasury Department along with the U.S. Department of Housing and Urban Development and Hope Now is for homeowners who have fallen behind on their mortgages or who are facing financial difficulty and at risk of falling behind.
Connections
Quotes
There are still so many unanswered questions in front of us, such as what has happened to attitudes toward home ownership. We know there has been some change to that. Also we don't know what is going to happen with Fannie Mae and Freddie Mac, what is the government's role in mortgage financing going to be? We are not going to be able to settle that until after the election
We think that the spreads are very attractive in today’s market and see significant opportunities on the retail side and select opportunities in the office sector ... Multi-family properties, however, remain very competitive because of the government’s role with Fannie Mae and Freddie Mac.
disappointing economic growth helped drive fixed 30-year mortgages down to an average of 3.84% this week, says mortgage giant Freddie Mac. That bested the previous record low of 3.87% in February.More quotes »
Newsday's coverage
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Letter: JP Morgan not a case for more rules
2008 and its legacy of unemployment and foreclosures," misses the mark . The anticipated insolvency of Fannie Mae and Freddie Mac , not investment banks, ignited the financial credit crisis of 2008.The loss at JPMorgan Chase was large, but not as a percentage Read more »
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Fannie-Freddie regulator eyes loan cuts
federal regulator who oversees Fannie Mae and Freddie Mac is softening his position against allowing the mortgage giants to reduce principal for U.S. borrowers at risk of foreclosure. Edward DeMarco, acting director of the Federal Housing Finance Agency , Read more »
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Average US rate on 30-year loan rises to 3.92 pct.
That has helped lower the unemployment rate to 8.3 percent, the lowest level in nearly three years.Frank Nothaft, Freddie Mac's chief economist, said Thursday the positive February jobs report caused yields on U.S. Treasury bonds to increase over the week. Read more »
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Ahead of the Bell: Weekly mortgage rates
-- Freddie Mac is expected to report on weekly mortgage rates on Thursday morning.The spring-buying season is just kicking off amid historically low rates. Last week, the average on the 30-year fixed mortgage dipped to 3.88 percent. That's just above the record Read more »
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Mortgage rates for the past 52 weeks, at a glance
-- The average rate on the 30-year fixed mortgage fell this week to 3.90 percent, Freddie Mac said Thursday. The rate has been below 4 percent for 13 consecutive weeks.Here's a look at rates for fixed- and adjustable-rate mortgages over the past 52 weeks:All Read more »
Around the web
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Freddie Mac’s New $500 Home Warranty Credit is a “Timely Opportunity” for Homebuyers, Says American Home Shield
one of the world’s largest and most versatile service networks. The credit is available only for owner-occupant offers on Freddie Mac-owned properties; investor purchases, auction sales, sealed-bid sales and bulk sales are not eligible for this incentive. 5/29/12 from Business Wire Read more »
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Freddie Mac to sell $2 billion bills on Tuesday
29 (Reuters) - Freddie Mac, the No. 2 U.S. home funding company, said on Tuesday it plans to sell $2 billion of bills later on Tuesday. The sale will include $1 billion of three-month bills due Aug. 27, 2012, and $1 billion of six-month bills due Nov. 26, from Reuters.co.uk Read more »
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President Obama should blame himself, not former President Bush
in 2001 because it was financially risky for the US economy. And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac? OBAMA. And who fought against reform of Fannie and Freddie? OBAMA and the Democrat Congress So when someone tries to blame from Renew America Read more »
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American Capital Agency: Huge Dividend In Danger Of Being Cut
purchases securities guaranteed by one of the federal mortgage agencies. The federal mortgage agencies: Fannie Mae, Freddie Mac and Ginnie Mae guarantee both the principal and interest payments of mortgagees. American Capital Agency then takes that payment from Seeking Alpha Read more »
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US stock market daily report (May 25, 2012, Friday)
and March. Total mortgage portfolio for Freddie Mac dropped at an annualized rate of 14.1% in April to $2.03 trillion. Freddie Mac's performance has begun to improve as of late, as the firm sets aside less money to cover potential credit losses Final consumer from Stock Markets Review Read more »
