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Federal Home Loan Mortgage Corporation
Latest Federal Home Loan Mortgage Corporation Items
U.S. mortgage giant Fannie Mae reported its first net income gain since it was taken over by the government during the 2008 financial crisis.
Many years ago, I chose a career as a mortgage broker rather than a bank officer because brokers, contrary to what many think, can offer a wider variety of products at more competitive prices, with apples-to-apples comparisons.
The average rate on the 30-year fixed mortgage dropped near its all-time low this week, making home-buying and refinancing a bargain for those who can qualify.
The 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.
The average U.S. rate on the 30-year fixed mortgage was mostly unchanged this week, as the cost of home-buying and refinancing stayed near record lows.
Freddie Mac issued a report Wednesday claiming the housing market may be emerging from a long slump. The government-backed mortgage giant happily cited the National Association of Home Builders/Wells Fargo confidence index, which is up for the fifth month in a row. The home builders forecast increased home sales for the coming year, based on an expectation of higher economic growth. Unfortunately for Freddie Mac, the real data provide little reason for such optimism.
Mortgage giant Fannie Mae said Wednesday that it lost money in its fourth quarter and is asking the federal government for $4.57 billion in aid to cover its deficit.
A stable dollar and prices are consistent with maximum sustainable job and wealth creation. However, the Fed's dual mandate to pursue full employment and price stability has given it license to meddle in the economy to boost short-term employment, with disastrous consequences.
President Obama last week unveiled a new proposal to widen the refinance net in hopes of increasing the eligibility pool of homeowners seeking to refinance their mortgages.