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Freddie Mac

A collection of news and information related to Freddie Mac published by this site and its partners.

Top Freddie Mac Articles

Displaying items 89-99
  • Home Depot says profit improving on housing market boom

    Home Depot says profit improving on housing market boom
    Home Depot Inc. is another beneficiary of the housing boom.  The largest U.S. home-improvement retailer said Wednesday that it would meet a profit-improvement goal one year ahead of schedule, thanks in part to demand created by homeowners. In June...
  • Freddie Mac: Mortgage rates edge lower; 30-year fixed at 4.42%

    Freddie Mac: Mortgage rates edge lower; 30-year fixed at 4.42%
    Fixed mortgage rates edged lower this week, with Freddie Mac reporting that lenders were offering 30-year fixed home loans at an average of 4.42%, down from 4.46% a week earlier. The average offering rate for the 15-year fixed mortgage was 3.43%, down...
  • FHA reports improvements in finances, but net worth still negative

    FHA reports improvements in finances, but net worth still negative
    The Federal Housing Administration, fresh from a $1.7-billion bailout, now projects that it will replenish its financial reserves to required levels in 2015, two years faster than it had predicted a year ago. The agency said its net worth remains in the...
  • Housing finance, beyond Fannie and Freddie

    Housing finance, beyond Fannie and Freddie
    President Obama this week joined lawmakers from both parties in calling for Congress to wind down Fannie Mae and Freddie Mac, the privately owned but government-backed companies that supply most of the funding for home mortgages in this country. There...
  • Government shutdown puts a wrench in housing market

    Government shutdown puts a wrench in housing market
    Jay Joerger was set to close a long-planned sale of his Palm Springs condominium this week until he was blindsided by an unexpected problem: the shutdown of the federal government. The condo sits on land owned by an Indian tribe, so the sale must be...
  • Part-time earnings may not count when seeking a mortgage

    Part-time earnings may not count when seeking a mortgage
    WASHINGTON — It's an issue that hasn't gotten much attention but should be a red alert for first-time buyers and others who supplement their incomes with part-time work: Though part-time earnings are playing an increasingly important role in the...
  • Obama to nominate Democratic Rep. Mel Watt to head housing agency

    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,...
  • Fannie Mae posts 2nd-quarter profit, will pay U.S. $10.2 billion

    Fannie Mae posts 2nd-quarter profit, will pay U.S. $10.2 billion
    WASHINGTON -- Boosted by the housing market rebound, bailed-out mortgage-finance giant Fannie Mae posted its sixth straight quarterly profit in the April-June period and will pay an additional $10.2 billion in dividends to the federal government. The...
  • Housing affordability plummets in state

    Housing affordability plummets in state
    California’s post-recession moment for housing affordability appears to be ending fast. Rising home prices in the San Francisco Bay Area and other coastal markets rapidly shut out a huge chunk of the state’s home-buying population last...
  • Richmond's eminent domain mortgage plan faces a new concern

    Richmond's eminent domain mortgage plan faces a new concern
    There may be a new glitch in Richmond’s strategy to bring mortgage relief to residents using the city's eminent domain powers. The federal government has raised concerns that participating homeowners may not be eligible to refinance into the kinds...
  • Richmond rebuffed in bid to buy loans using eminent domain threat

    Richmond rebuffed in bid to buy loans using eminent domain threat
    The city of Richmond recently asked financial institutions to sell 624 troubled mortgages — and threatened to seize them through eminent domain. Now the city has its answer: We can't help you. The city aims to provide its residents mortgage relief...