2 Federal Appellate Courts have ruled Fannie Mae and Freddie Mac are government entities and the ruling could create a constitutional crisis in non-judicial foreclosure states.
According to Freddie Mac, the average American homeowner can get a 30-year mortgage today for as little as 3.5%. That sounds pretty good -- but right now corporate America is borrowing money for less than half that rate. IBM just snagged $2.25 billion worth of loans for aggregate interest of less than 1.5% total. Show More Summary
President Barack Obama’s nominee to oversee mortgage giants Fannie Mae and Freddie Mac has pledged to sell off shares he owns in of Bank of America Corp. and other financial institutions should he be confirmed by lawmakers.
Freddie Mac released its weekly update on national mortgage rates this morning, showing a continued rise in interest rates across the board. Thirty-year fixed-rate mortgages (FRM) rose nine basis points in comparison to the previous week, returning to the 3.51% level of late February. Show More Summary
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 nonpartisan Congressional Budget Office has slashed its projections of the current-year fiscal deficit because of bigger-than-expected tax receipts and payments from Fannie Mae and Freddie Mac. The $203 billion, or 24 percent, reduction...Show More Summary
Let's get a few things straight: The Federal Reserve is buying $85 billion a month of Treasuries. The budget deficit is shrinking very fast thanks to a combination of a stronger economy, budget cuts, and Fannie Mae and Freddie Mac repaying...Show More Summary
The Federal Housing Finance Authority (FHFA) that supervises the so-called Government Supervised Enterprises (GSE), now including Fannie Mae and Freddie Mac, just announced restrictions that...
WASHINGTON (Reuters) - President Barack Obama urged lawmakers on Saturday to back his nominee to oversee mortgage financiers Fannie Mae and Freddie Mac, Democratic Representative Mel Watt.
WASHINGTON – Freddie Mac, the second-largest provider of U.S. mortgage money, has posted its second-largest quarterly profit in its company’s history. This is not encouraging news or something positive for American homeowners and consumers. Show More Summary
The outlook at Fannie Mae and Freddie Mac isn't quite as bleak as it once was, but it still might not be a place for investors that are faint of heart. After witnessing the successful turnaround stories at AIG and Bank of America, some...Show More Summary
Freddie Mac released its weekly update on national mortgage rates this morning, revealing a quick bounce-back in interest rates nearly across the board. Thirty-year fixed-rate mortgages (FRM) rose seven basis points in comparison to last week, returning to 3.42% -- about where they were back in late January. Show More Summary
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By Aruna Viswanatha
A federal judge ruled Wednesday that the U.S. can pursue parts of a civil lawsuit against Bank of America for its sale of toxic mortgages to Fannie Mae and Freddie Mac, boosting a largely...Show More Summary
On Friday, Judge Robert Holmes Bell dismissed Ingham County Register of Deeds Curtis Hertel's lawsuit seeking unpaid Michigan Real Estate Transfer Taxes on property being transferred in and out of Fannie Mae and Freddie Mac with the use of the MERS database system.
WASHINGTON (Reuters) - A federal judge on Wednesday said the government can pursue parts of a civil lawsuit against Bank of America Corp over its sale of toxic mortgages to Fannie Mae and Freddie Mac, boosting a largely untested legal theory that U.S....
Freddie Mac (FMCC.OB), the No. 2 provider of U.S. mortgage money, posted its second-largest quarterly profit in company history in the first quarter due to rising home prices, falling mortgage delinquencies and increased refinance activity.The...Show More Summary
From Freddie Mac: Freddie Mac Reports Net Income of $4.6 BILLION;
Freddie Mac today reported net income of $4.6 billion for the first quarter of 2013, compared to net income of $4.5 billion for the fourth quarter of 2012....
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On a quarterly basis, the company determines whether a valuation allowance is necessary on its net deferred tax assets. Show More Summary
Paul J. Richards, AFP/Getty Images
WASHINGTON -- Freddie Mac, the No. 2 provider of U.S. mortgage money, said Wednesday it posted its second largest quarterly profit in company history in the first quarter due to rising home prices,Show More Summary
WASHINGTON (Reuters) - Freddie Mac, the No. 2 provider of U.S. mortgage money, said on Wednesday it posted its second largest quarterly profit in company history in the first quarter due to rising home prices, falling mortgage delinquencies and increa...