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A collection of news and information related to Freddie Mac published by this site and its partners.
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Freddie Mac: Mortgage rates higher, 30-year fixed averages 3.59%
Mortgage rates have risen for the third week in a row, with Freddie Mac's survey of lenders pegging the average 30-year fixed-rate home loan at 3.59%, up from 3.51% last week. Fixed-rate 15-year mortgages -- popular during a recent boom in homeowners...
Tags: Labor Markets, Mortgages, Ben Bernanke, Federal Reserve, Real Estate Sales
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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: Mortgages, Credit Ratings, Financial and Business Services, Loans
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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: Consumers, The Washington Post, Finance, Mortgages, Fannie Mae
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Mortgage rates tick up, Freddie Mac says: 30-year fixed at 3.42%
Fixed mortgage rates have reversed course and ticked upward, with lenders offering 30-year home loans at an average of 3.42% compared with 3.35% last week, according to the latest Freddie Mac survey. The typical rate for a 15-year fixed mortgage rose...
Tags: Labor Markets, Mortgages, Financial and Business Services, Loans
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Obama nominates Rep. Mel Watt to head Housing Finance Agency
WASHINGTON — President Obama nominated Democratic Rep. Mel Watt to be the top regulator for Fannie Mae and Freddie Mac, moving to replace a career bureaucrat who has been sharply criticized by liberals for not doing more to help troubled homeowners....
Tags: Politics, Barack Obama, Finance, Mortgages, Republican Party
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Obama to nominate Democratic Rep. Mel Watt to head housing agency
WASHINGTON -- President Obama will nominate Democratic Rep. Mel Watt to head the federal housing agency that oversees taxpayer-owned Fannie Mae and Freddie Mac, a White House official said Wednesday. Watt, an 11-term congressman from North Carolina,...
Tags: Politics, Barack Obama, Finance, Fannie Mae, Elections
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Loan underwriters make 'absurd' demands in effort to verify data
Did you hear about the loan underwriter who demanded a letter from the borrower's doctor stating the borrower had been healed and his illness would not come back? How about the underwriter who wanted a verification of employment from the borrower who...
Tags: Social Security, U.S. Postal Service, Economy, Business and Finance, Finance, Federal Housing Administration
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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: Litigation and Regulation, Social Security, Politics, Scott P. Brown, Finance
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Obama nominates new heads of FCC and federal housing agency
WASHINGTON -- President Obama on Wednesday nominated new heads of the Federal Communications Commission and the Federal Housing Finance Agency, saying they would both help expand the economy. Obama tapped venture capitalist Thomas Wheeler to replace...
Tags: Satellite and Cable Service, Politics, Barack Obama, Finance, Republican Party
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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: Politics, Finance, Jack Lew, Republican Party, Labor Day
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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: Finance, Economy, Business and Finance, Federal Bailout Funds, Fannie Mae, Financial and Business Services
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Freddie Mac: 30-year mortgage rate dips to 3.35%, near a record low
The benchmark 30-year mortgage rate dropped this week to an average of 3.35%, its lowest rate in four months and within a whisper of its record low of 3.31% in fall, Freddie Mac said Thursday. The 15-year fixed mortgage, popular with homeowners...
Tags: Mortgages, Financial and Business Services, Federal Reserve
May 23, 2013
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May 16, 2013
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May 9, 2013
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May 10, 2013
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May 1, 2013
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May 10, 2013
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May 9, 2013
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May 2, 2013
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