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Freddie Mac to sell $2.0 bln in bills on Monday
ReutersMay 20 (Reuters) - Freddie Mac, the No. 2 U.S. home funding company, said it will sell $2.0 billion of reference bills on Monday. Freddie Mac said it plans to sell $1.0 billion of three-month bills due Aug. 19, 2013 and $1.0 billion six-month bills,...Tags: Auction Service
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Freddie Mac sells $2.0 bln bills at mixed rates
ReutersMay 20 (Reuters) - Freddie Mac, the No. 2 U.S. home funding company, on Monday said it sold $2.0 billion of reference bills at mixed rates and stronger demand compared with the most recent sales of similar maturities and comparable amounts. Freddie Mac... -
US Appeals Court overturns lower judge, rejects Oakland County claims against Fannie, Freddie
DETROIT (AP) — A federal appeals court has overturned a lower court ruling and has thrown out Oakland County's tax claims against the federally charted mortgage giants Fannie Mae and Freddie Mac. County Executive L. Brooks Patterson says he "always...Tags: Justice System, Judges, Fannie Mae, Mortgages, Trials
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Short sales routinely show up in credit reports as foreclosures
WASHINGTON — Are large numbers of homeowners who have negotiated short sales with lenders at risk because of a startling omission in the American credit system? Do their credit reports and scores indicate that they were foreclosed upon, rather...
Tags: U.S. Consumer Financial Protection Bureau, Economy, Business and Finance, Services and Shopping, Foreclosures, Federal Housing Administration
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Mortgage rates climb, 30-year loans now above 3.5 percent
Sun SentinelAverage interest rates on both 15- and 30-year fixed-rate mortgages increased for the second week in a row, with the 30-year jumping above 3.5 percent for first time in weeks, Freddie Mac said Thursday. Average 30-year, fixed-rate loans rose to 3.51...Tags: Mortgages
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Freddie Mac: Mortgage rates rise; average 30-year loan at 3.51%
Mortgage rates rose this week, with a widely watched survey reporting that lenders were offering 30-year fixed-rate loans at an average of 3.51%, up from a near-record low of 3.35% two weeks ago. The survey, released Thursday by mortgage financier...Tags: Credit Ratings, Loans, Financial and Business Services, Mortgages
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Mortgage interest rates rise for first time in 6 weeks
Sun SentinelAverage interest rates on both 15- and 30-year fixed-rate mortgages increased this week after falling for five weeks in a row, Freddie Mac said Thursday. Average 30-year, fixed-rate loans jumped to 3.42 percent this week after dipping to 3.35 ...Tags: Finance, Economy, Business and Finance, Money and Monetary Policy, Mortgages
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Freshman senator with senior pluck takes on the financial industry
WASHINGTON — Sen. Elizabeth Warren, the newest member of the Senate Banking Committee, waited patiently for her first chance to question top financial regulators at a recent hearing on Capitol Hill. When her turn finally came after 90 minutes,...
Tags: Consumers, Social Security, $700 Billion Bank Bailout (2008), Boston Marathon Bombing (2013), U.S. Senate Committee on Banking, Housing, and Urban Affairs
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Lew says Fannie Mae payment helps delay debt limit until Labor Day
WASHINGTON -- A nearly $60-billion dividend payment to the government by taxpayer-owned Fannie Mae will help push off the effective date on which the U.S. would hit its debt limit until at least Labor Day, Treasury Secretary Jacob J. Lew said Friday....
Tags: Holidays, Economy, Business and Finance, Fannie Mae, JPMorgan Chase & Co., CNBC (tv network)
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Fannie Mae to pay U.S. $59.4 billion after record quarterly profit
WASHINGTON -- Bailed-out housing finance giant Fannie Mae said Thursday it would pay the U.S. government $59.4 billion after posting a record profit for the first three months of the year. The fortunes of the company, which is 80% owned by taxpayers...
Tags: Federal Bailout Funds, Finance, Economy, Business and Finance, Financial and Business Services, Fannie Mae
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Local lenders say U.S. 'qualified mortgage' rules go too far
Even as federal regulators recently cracked down on loose mortgage lending, they hoped that credit unions and community banks would serve as a haven for marginal borrowers. Such neighborhood institutions know their customers, the theory goes, so they...
Tags: Banking, Corporate Officers, U.S. Consumer Financial Protection Bureau, Financial Markets, Credit and Debt
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For seniors, a break on mortgages
Here's a heads-up for the growing ranks of seniors whose post-retirement monthly incomes aren't sufficient to qualify for a mortgage under today's tough underwriting standards: Thanks to a rule change by the largest players in the home loan business,...Tags: Economy, Business and Finance, Credit and Debt, Loans, Social Security, Interior Policy
May 20, 2013
|Story| Reuters
May 20, 2013
|Story| Reuters
May 20, 2013
|Story| AP Michigan
May 17, 2013
|Story| Los Angeles Times
May 16, 2013
|Story| South Florida Sun-Sentinel
May 16, 2013
|Story| Los Angeles Times
May 9, 2013
|Story| South Florida Sun-Sentinel
May 10, 2013
|Story| Los Angeles Times
May 10, 2013
|Story| Los Angeles Times
May 9, 2013
|Story| Los Angeles Times
May 27, 2013
|Story| Los Angeles Times
May 25, 2013
|Story| Hartford Courant
Original site for Freddie Mac topic gallery.
