Freddie Mac | featured news

Mortgage rates for the year at lowest rate since 1947

Mortgage rates, which took some dramatic dips in 2012, were among the lowest on record this year, according to data released by Freddie Mac on Thursday. The 30-year fixed-rate average dropped to 3.35 percent, down 0.7 from the week before. It is substantially lower than the 3.95 percent level it reached during the final week of 2011.


Mortgage Rates Edge Lower; 30-Year at 3.39%

Average mortgage rates in the U.S. were slightly lower over the past week and remained around historic lows, according to mortgage-finance company Freddie Mac.


U.S. sues BofA, calling loan fraud 'brazen'


The $1-billion civil suit alleges that BofA's Countrywide fraudulently deceived mortgage finance giants Fannie Mae and Freddie Mac into believing the company's risky loans were safe and sound.


U.S. tweaks Fannie Mae, Freddie Mac bailout terms, requires all profits

The Treasury said on Friday it is changing the way Fannie Mae and Freddie Mac will repay taxpayers in a move the Obama administration said would accelerate the winding down of the government-owned mortgage financiers.


Fannie and Freddie Reports Offer Positive Sign for Housing

Housing Market

Fannie Mae and Freddie Mac, the two mortgage-finance giants, this week reported some of their best quarterly results since the real estate collapse. On Wednesday, Fannie Mae posted second-quarter net income of $5.1 billion. That is up from $2.7 billion in the first quarter of this year and an improvement from a net loss of $2.9 billion in the second quarter of last year. Fannie requested no additional money from the Treasury and said it would pay a $2.9 billion dividend to taxpayers.


Mortgage rates drop, Freddie Mac says; 15-year fixed at record low

Mortgage rates are sharply lower on news of a weakening job market, with the 30-year fixed loan averaging 3.88% this week and the 15-year fixed at a record low of 3.11%, according to Freddie Mac.


Geithner says far behind on housing finance reform

Treasury Secretary Timothy Geithner said on Wednesday that the United States was far behind on reforming the country's housing finance system where the government's mortgage buyers Fannie Mae and Freddie Mac provide funding for the bulk of U.S. home loans.


Federal regulator stands by his principles on principal reduction

Principal Reduction

Edward J. DeMarco, who oversees Fannie Mae and Freddie Mac, has infuriated many by refusing to tell the home loan giants to reduce the amounts owed by distressed homeowners.


Compensation Cut at Fannie, Freddie

The federal regulator for Fannie Mae and Freddie Mac said it would eliminate performance-based bonuses for senior executives at the two mortgage-finance firms.


Ad Watch: Romney goes after Gingrich on foreclosures

Mitt Romney's campaign is running an ad that tries to link Newt Gingrich to the housing foreclosure crisis through his work for Freddie Mac ...


Subscribe to this RSS topic: Syndicate content