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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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Allstate investors vote down proposals, back board at annual meeting
Tribune reporterAllstate Corp. investors voted down two shareholder proposals and approved the re-election of its board members at the Northbrook-based insurer's annual meeting. In preliminary results disclosed at the meeting, individual directors received 92 to 99...Tags: Tom Wilson, Insurance, Companies and Corporations, Walgreen Co., Elections
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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: Real Estate, Services and Shopping, Foreclosures, Consumers, Housing Industry
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When short sales leave sellers short
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 than having negotiated a...Tags: Financial and Business Services, Federal Housing Administration, Real Estate, Consumers, Services and Shopping
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Mortgage rates climb, 30-year loans now above 3.5 percent
Sun SentinelAverage interest rates on both 15- and 30-year fixed-rate mortgages increased for the second week in a row, with the 30-year jumping above 3.5 percent for first time in weeks, Freddie Mac said Thursday. Average 30-year, fixed-rate loans rose to 3.51...Tags: Mortgages
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Mortgage rates climb on strong economic reports
Tribune reporterMortgage rates passed the 3.5 percent mark this week, largely due to a strong report on consumer spending. Freddie Mac reported Thursday that the average interest rate on a 30-year fixed-rate mortgage was 3.51 percent this week, compared with 3.42...Tags: Financial and Business Services, Money and Monetary Policy, Finance, Economy, Business and Finance, Mortgages
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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: Financial and Business Services, Loans, Credit Ratings, Mortgages
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Foreign holdings of US Treasury debt rose 0.7 percent to record $5.76 trillion
AP Economics WriterWASHINGTON (AP) — Foreign demand for U.S. Treasury securities rose to a record level in March, signaling further confidence in U.S. debt. The Treasury Department said Wednesday that total foreign holdings increased 0.7 percent in March from...Tags: China, U.S. Congress, Public Finance, Fannie Mae, Politics
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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: Bob Corker, Barack Obama, Finance, Elections, Politics
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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: Federal Deposit Insurance Corporation, Banking, Consumers, Litigation and Regulation, Finance
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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: Finance, Jack Lew, Holidays, Politics, Republican Party
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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: Financial and Business Services, Federal Bailout Funds, Finance, Economy, Business and Finance, Fannie Mae
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The truth about hard-money loans
Q: What is a "hard money" loan? A: Technically, it is a loan that is given in exchange for money, rather than to assist a consumer in buying a house. The latter would be called a "purchase money" mortgage. Hard-money lenders do not rely on the...Tags: Financial and Business Services, Homes, Property, Ratings, Pension and Welfare
May 21, 2013
|Story| Chicago Tribune
May 17, 2013
|Story| Los Angeles Times
May 18, 2013
|Story| Hartford Courant
May 16, 2013
|Story| South Florida Sun-Sentinel
May 16, 2013
|Story| Chicago Tribune
May 16, 2013
|Story| Los Angeles Times
May 15, 2013
|Story| AP Broadcast
May 2, 2013
|Story| Los Angeles Times
May 10, 2013
|Story| Los Angeles Times
May 10, 2013
|Story| Los Angeles Times
May 9, 2013
|Story| Los Angeles Times
May 10, 2013
|Story| Chicago Tribune
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