Highlights
A collection of news and information related to Freddie Mac published by this site and its partners.
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Retirees may find they don't qualify to refinance their mortgages
WASHINGTON — It's a mortgage problem that is likely to intensify as home-owning baby boomers by the millions shift into retirement: Although they may have significant financial assets tucked away in retirement accounts, their diminished monthly...Tags: Banking, Career and Workplace, Rockville (Bethlehem, Pennsylvania), The Washington Post, Retirement
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Freddie Mac: 30-year mortgage rate down a tick at 3.78%
Record low interest rates for 30-year mortgages edged down another tick, Freddie Mac said in its latest survey, which showed lenders across the nation offering the benchmark loan at 3.78% compared to 3.79% last week. The typical rate on a 15-year fixed...
Tags: Homes, Banking, Mortgages, Financial and Business Services
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Money Minute: Banks can do better on mortgages [Video]
Remember that $25-billion settlement between state officials and big banks over hinky mortgage practices? Beleaguered homeowners are finally getting a piece of the action. Bank of America is sending letters to thousands of homeowners with an offer to...
Tags: Mortgages, Financial and Business Services
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BofA begins contacting distressed homeowners about principal cuts
It's not quite a check in the mail, but certain distressed mortgage borrowers at Bank of America Corp. will be happy they opened the letter anyhow. The Charlotte, N.C., lender said Tuesday it has begun contacting about 200,000 customers who have fallen...Tags: Federal Housing Administration, Banking, Fannie Mae, Countrywide Financial Corp., Financial and Business Services
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Fannie Mae earned $2.7 billion in quarter, doesn't' seek aid
U.S. mortgage giant Fannie Mae made money in the first three months of the year and is not seeking additional federal aid. It's the first time the company has reported a net income gain since it was taken over by the government during the 2008 financial...Tags: Homes, Companies and Corporations, Earnings, Finance, Loans
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Fannie Mae posts biggest profit since 2007
WASHINGTON — In a potential turning point for one of the biggest financial crisis bailouts, Fannie Mae reported a first-quarter profit and — for the first time since the government seized it in 2008 — does not need a quarterly infusion...Tags: Homes, Companies and Corporations, Realty, Services and Shopping, Finance
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BofA initiates home loan modification offers
Homeowners with a Bank of America mortgage have good reason to check their mailbox. The lender said Tuesday it has begun mailing out letters to customers who may qualify to have their home loans reduced as part of a multistate settlement over alleged...Tags: Banking, Federal Housing Administration, Loans, Fannie Mae, Financial and Business Services
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Fannie Mae had first-quarter profit, needs no new taxpayer funds
This post has been corrected. See the note below for details.WASHINGTON — Fannie Mae on Wednesday reported a $2.7-billion profit for the first three months of the year and will not need new taxpayer money for the first time since the government seized the housing finance giant in 2008. Fannie Mae said the...Tags: Finance, Fannie Mae, Financial and Business Services, Economy, Business and Finance
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Freddie Mac: A second straight week of record low mortgage rates
Mortgage rates have descended further into record low territory for the second straight week, with the average for a 30-year, fixed-rate loan dropping to 3.83% from 3.84% last week, Freddie Mac said. The 15-year fixed loan also dipped to a record low,...
Tags: Finance, Mortgages, Financial and Business Services, Economy, Business and Finance, Credit Ratings
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A federal foreclosure lecture California can do without
Should federal officials lecture state lawmakers on policy? The general counsel for the Federal Housing Finance Agency, the regulator overseeing Fannie Mae and Freddie Mac, certainly seems to think so. At issue are two bills backed by California Atty....
Tags: Democratic Party, Finance, Kamala D. Harris, Justice System, Fannie Mae
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Freddie Mac: 30-year fixed mortgage hits new record low at 3.79%
OK, maybe it's not as jaw-dropping as crashing the 5% or the 4% barrier. But Freddie Mac says 30-year mortgage rates have fallen below 3.8% for the first time to average 3.79%, down from a then-record 3.83% a week ago. The 15-year fixed loan also hit...
Tags: Homes, Mortgages, Loans
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U.S. home loan regulator opposes California foreclosure bills
This post has been corrected, as indicated below.SACRAMENTO -- A pair of controversial bills in the California Legislature that would give homeowners more rights to fight foreclosures is being opposed by the nation's principal home loan regulator. The Federal Housing Finance Agency on Tuesday expressed...Tags: Finance, Loans, Mortgages, Fannie Mae, Financial and Business Services
May 27, 2012
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May 24, 2012
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May 8, 2012
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May 9, 2012
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May 9, 2012
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May 9, 2012
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May 8, 2012
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May 9, 2012
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May 10, 2012
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May 19, 2012
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May 17, 2012
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May 15, 2012
|Story| Los Angeles Times
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