Stories tagged: Freddie Mac
Fri., Dec. 22, 2017
Fannie, Freddie permitted by US to keep $3 billion buffers
WASHINGTON – The Federal Housing Finance Agency and U.S. Treasury Department said they have agreed to let mortgage giants Fannie Mae and Freddie Mac retain capital buffers of $3 billion …
Thu., Dec. 14, 2017, 10:20 a.m.
U.S. 30-year, fixed-rate mortgage rate slips to 3.93 percent
The rate on 30-year fixed-rate U.S. mortgages slipped to 3.93 percent this week.
Thu., Oct. 26, 2017, 9:22 a.m.
U.S. 30-year mortgage rates rise to 3.94 percent
The costs of borrowing to buy a home increased slightly this week, but U.S. mortgage rates are still near relative lows.
Thu., July 13, 2017, 1:13 p.m.
Average U.S. mortgage rates rise; 30-year at 4.03 percent
Long-term U.S. mortgage rates rose this week for the second straight week. The benchmark 30-year rate surpassed the significant 4 percent level for the first time since May.
Thu., June 1, 2017, 7:48 a.m.
Average U.S. 30-year mortgage rate slips to 3.94 percent
Long-term U.S. mortgage rates were flat to slightly lower this week, as the key 30-year rate marked a new low for the year.
Thu., April 27, 2017, 10:47 a.m.
Average 30-year mortgage rate rises to 4.03 percent
Long-term U.S. mortgage rates rose this week for the first time in five weeks. The benchmark 30-year rate pushed back above the key threshold of 4 percent.
Fri., Feb. 17, 2017, 7:32 a.m.
Fannie Mae to pay Treasury $5.5 billion after profit doubles
Fannie Mae said Friday that it will pay the U.S. Treasury a $5.5 billion dividend next month after its profit doubled in its latest quarter.
Thu., Feb. 16, 2017, 8:07 a.m.
Average 30-year mortgage rate dips to 4.15 percent
Long-term mortgage rates slipped again this week. Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate loans eased to 4.15 percent from 4.17 percent last week. The benchmark rate …
UPDATED: Tue., Jan. 31, 2017, 4:32 p.m.
Fannie Mae-Freddie Mac should be utilities, trade group says
A powerful housing trade group is wasting no time in pushing the Trump administration and Republican-led Congress to address one of the last unresolved issues from the financial crisis, outlining …
UPDATED: Mon., Jan. 30, 2017, 12:37 p.m.
Citi to exit mortgage servicing, sell $97 billion portfolio
Citigroup plans to exit the mortgage-servicing business by the end of 2018 to focus on making new loans.
Thu., Nov. 10, 2016, 9:33 a.m.
Average 30-year mortgage rate rises to 3.57 percent
Long-term U.S. mortgage rates rose this week for a second straight week.
Wed., Aug. 24, 2016, 12:35 p.m.
U.S. home sales fell in July amid inventory shortage
U.S. homebuyers pulled back in July, as sales declined amid a shortage of available properties and steadily rising prices.
Thu., Aug. 4, 2016, 12:42 p.m.
Average U.S. 30-year mortgage rate declines to 3.43 percent
g-term U.S. mortgage rates declined this week after rising for three straight weeks, continuing to lure prospective homebuyers.
Tue., Aug. 2, 2016, 2:30 p.m.
Freddie Mac posts $993M profit in 2Q; paying $933M dividend
Mortgage giant Freddie Mac reported net income of $993 million for the second quarter, down sharply from the same period of 2015.
Thu., June 16, 2016, 4:16 p.m.
Mortgage rates drop to lowest level since May 2013
Concerns about the strength of the global economy plus the Federal Reserve’s decision this week to keep interest rates from rising have driven mortgage rates to the lowest level since …
Thu., June 9, 2016, 5:06 p.m.
Average U.S. 30-year mortgage rate slips to 3.60 percent
Mortgage buyer Freddie Mac said Thursday the average 30-year fixed-rate mortgage slipped to 3.60 percent from 3.66 percent last week. That is well below its level a year ago of …
Thu., May 5, 2016, 7:38 a.m.
Fannie Mae posts $1.1B profit in 1Q; paying $919M dividend
Mortgage giant Fannie Mae posted net income of $1.1 billion for the first quarter, down from a year ago as declining interest rates reduced the value of the financial instruments …
Thu., March 3, 2016, 8:09 a.m.
30-year mortgage rate ticks up to 3.64 percent
Average long-term U.S. mortgage rates rose this week for the first time in two months as global economic anxiety and market turbulence eased.
Thu., Feb. 18, 2016, 9:33 a.m.
Average U.S. 30-year mortgage rate at 3.65 percent
Average long-term U.S. mortgage rates were unchanged this week, but remained at historically low levels amid worries about the global economy.
Thu., Feb. 18, 2016, 9:25 a.m.
Freddie Mac profit rises on higher interest rates
Freddie Mac, the government-controlled mortgage company, said its net income jumped in the fourth quarter thanks to higher interest rates.
Tue., Nov. 17, 2015
Samuelson: Fannie, Freddie live on despite risks
Government backs more mortgages than prerecession, helping prop up sluggish housing market.
Fri., Jan. 11, 2013
City sues Freddie, Fannie
Spokane city leaders allege they’ve been cheated out of hundreds of thousands of dollars in taxes by two high-profile financial insitutions – money the city would have used to fix …
Mon., Dec. 10, 2012, 1:47 p.m.
Report: Fannie, Freddie managers earned $200K
WASHINGTON — A government report finds median pay for nearly 2,000 senior managers at government-controlled Fannie Mae and Freddie Mac exceeded $200,000 last year.
Tue., Jan. 31, 2012, 12:57 p.m.
Freddie Mac bets against American homeowners
Freddie Mac, the taxpayer-owned mortgage giant, has placed multibillion-dollar bets that payoff if homeowners stay trapped in expensive mortgages with interest rates well above current rates.
Sun., May 15, 2011
Despite risks, adjustable-rate mortgages have advocates
PHILADELPHIA — Fixed mortgage rates remain below 5 percent, and these days fewer and fewer home buyers seem to be opting for adjustable-rate loans. But low fixed rates aren’t the …
Wed., Feb. 23, 2011
Housing programs hurt U.S.
Not Seattle! Home prices in the “Queen City” of the Northwest were not supposed to go south. This isn’t Miami, Phoenix or Las Vegas, where suntanned speculators built big, borrowed …
Tue., Aug. 17, 2010, 6:44 a.m.
Government starts talks about new mortgage system
Talk of shrinking the government’s involvement in the mortgage market is growing. Just don’t expect action any time soon.
Tue., Aug. 10, 2010
• McDonald’s rode the launch of its new fruit smoothies and strong sales of its coffee drinks to its best monthly U.S. sales performance in more than a year in …
Thu., July 1, 2010, 8 a.m.
Mortgage rates drop to another low, 4.58 percent
Mortgage rates have sunk to the lowest level in more than five decades, but consumers aren’t rushing to refinance their loans or buy homes.
Wed., June 16, 2010, 10:29 a.m.
Business update: Stocks mostly fall
Stocks mostly fell today after home construction and applications for building permits slumped in May following the end of a homebuyer tax credit. The housing report and a disappointing profit …