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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: Fannie Mae, Satellite and Cable Service, Barack Obama, Parties and Movements, Television Industry
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Lenders venturing back into subprime market
Michele and Russell Poland's credit was shot, but they managed to buy their suburban dream home anyway. After a business bankruptcy and a home foreclosure, they turned to a rare option in this era of tightfisted banking — a subprime loan. The...
Tags: Mortgages, Money and Monetary Policy, Fannie Mae, Richard Cordray, Homes
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Federal refi program for underwater homeowners hits its stride
The Obama administration's Home Affordable Refinance Program is at last helping legions of American homeowners with upside-down mortgages. Nearly 1.1 million homeowners with little or no equity were able to refinance last year under HARP, which...
Tags: Mortgages, Money and Monetary Policy, Fannie Mae, Financial and Business Services, Politics
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Keep Your Home California relief still slow but picking up steam
A federal foreclosure-prevention effort that earmarked nearly $2 billion to help troubled California homeowners has delivered only about one-sixth of those funds during its three years in existence. The pace of assistance is finally accelerating,...
Tags: Mortgages, Fannie Mae, U.S. Department of the Treasury, Financial and Business Services, Bank of America Corp.
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Freddie Mac: 30-year mortgage at 3.43%, lowest since January
Mortgage rates are at their lowest level since January, the widely watched Freddie Mac survey shows, with the average for a 30-year fixed-rate loan dropping to 3.43% this week from 3.54% a week ago. The survey of rates lenders are offering to solid...
Tags: Mortgages, Labor Markets, Federal Housing Administration, Financial and Business Services, Federal Reserve
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Economist Zandi said to be candidate for key federal housing post
WASHINGTON -- Economist Mark Zandi reportedly is being considered by the Obama administration to head the federal agency that oversees taxpayer-owned Fannie Mae and Freddie Mac as the White House seeks a candidate who could avoid Republican opposition...
Tags: Real Estate, John McCain, Fannie Mae, Services and Shopping, Bankruptcy
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Freddie Mac: Mortgage rates ease again; 30-year fixed at 3.41%
Mortgage rates sank this week toward record lows, with lenders offering 30-year fixed home loans to solid borrowers at an average 3.41%, down from 3.43% a week ago, Freddie Mac’s weekly report showed. It was the lowest rate the survey has recorded...
Tags: Mortgages, Loans, Petroleum Industry, Financial and Business Services, Consumers
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Mortgage rates fall for 4th straight week; 15-year at record low
U.S. mortgage rates fell for a fourth consecutive week and the average rate for a 15-year loan hit a new record low, the latest survey of lenders shows. The average rate on a 30-year fixed-rate mortgage was 3.40%, down from 3.41% last week, according to...
Tags: Mortgages, Real Estate, Federal Housing Administration, Services and Shopping, Financial and Business Services
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Freddie Mac: 30-year mortgage rate falls from 3.57% to 3.54%
Mortgage rates dropped slightly during the first half of this week in reaction to news of slower growth in the economy, with lenders offering the 30-year fixed-rate loan at an average 3.54%, down from 3.57% a week ago, according to Freddie Mac’s...
Tags: Automatic Data Processing, Inc., Mortgages, Financial and Business Services, Consumers, Bankrate Incorporated
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FHA may need $943-million bailout
WASHINGTON — The Federal Housing Administration helped stabilize the real estate market after the subprime bubble and lay the groundwork for the recovery — and now the bill for taxpayers might be coming due. The Obama administration's...
Tags: Mortgages, Real Estate, Marketing, American Enterprise Institute, Fannie Mae
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Foreclosure-relief funds earmarked for California mostly unspent
A federal foreclosure-prevention effort that earmarked nearly $2 billion in taxpayer money to help troubled California homeowners has delivered only about one-sixth of that money in three years. But officials from the Keep Your Home California program...
Tags: Mortgages, Banking, Fannie Mae, U.S. Department of the Treasury, Financial and Business Services
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Refinance program for underwater borrowers extended two years
A popular government program enabling underwater borrowers who are current on their mortgages to refinance at lower rates will be extended for two more years. The Obama administration's Home Affordable Refinance Program had been scheduled to expire...
Tags: Mortgages, Fannie Mae, Consumers, Politics, Interior Policy
May 1, 2013
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Apr 27, 2013
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Apr 26, 2013
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Apr 22, 2013
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Apr 11, 2013
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Apr 15, 2013
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Apr 18, 2013
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Apr 25, 2013
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Apr 4, 2013
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Apr 10, 2013
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Apr 22, 2013
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Apr 11, 2013
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Original site for Freddie Mac topic gallery.
