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Freddie Mac late Friday reported its third-quarter net loss attributable to Freddie Mac narrowed to $5.01 billion from a loss of $25.3 billion in the same quarter a year earlier. After payment of $1.3 billion dividend on its senior preferred stock to...
Tags: Freddie Mac
The results marked the seventh straight quarterly loss for Washington-based Allied, which announced last month that it would be acquired by Ares Capital of New York for $648 million in an all-stock deal. The acquisition is expected to close in the first...
Tags: Fannie Mae, quarterly losses, Treasury Department, mae seeks, housing market, mae posts, government aid, Freddie Mac, foreclosure prevention, mae asked
The average interest in a Freddie Mac survey of lenders is 4.98%, down from 5.03% a week ago. The fixed rate on a 15-year mortgage drops slightly to 4.4%. The average interest rate on traditional 30-year fixed-rate mortgages fell back below 5% this week,...
Tags: rate mortgage, Freddie Mac, mortgage rate
Rates for 30-year home loans climbed to 5.03 percent this week, the third consecutive weekly increase. The average rate inched up from 5 percent a week earlier, mortgage company Freddie Mac said Thursday. The last time the average was higher was the week...
Tags: Freddie Mac
Mortgage rates edged higher this week as mixed economic signals limited interest-rate moves, Freddie Mac said Thursday in its weekly rate survey. The national average for the benchmark 30-year fixed-rate mortgage moved up to 5.03% from 5.0% a week earlier,...
Tags: mortgage rate, fixed mortgage, Freddie Mac, rate mortgage
Long-term mortgage rates followed bond rates higher this week, although the one-year adjustable-rate loan turned lower, Freddie Mac said Thursday in its weekly mortgage survey. The benchmark 30-year, fixed-rate mortgage moved up to a national average...
Tags: Freddie Mac, mortgage rate, term mortgage
Pinto predicted that the FHA will suffer $40 billion in losses, leaving it unable to cover its bad loans without taxpayer help. Pinto, a real estate finance consultant who served as Fannie Mae's chief credit officer from 1987 to 1989, said he testified...
Tags: Fannie Mae, mortgage giant, Freddie Mac, policy makers
Rates on fixed-rate mortgages fell again this week, with the average 30-year fixed-rate mortgage averaging 4.87%, according to Freddie Mac's weekly survey of conforming rates, released on Thursday. The rate hasn't been lower since May 21, when it averaged...
Tags: Freddie Mac, mortgage rate, record lows, rate mortgage, escalator accident, averaging rate, Ameren Illinois Utilities, scottrade center, mortgage averaging
Fannie Mae and Freddie Mac are preparing to introduce a program aimed at helping independent mortgage banks acquire the short-term credit they need to make home loans, according to people familiar with the plans. The two government-backed mortgage companies,...
Tags: Freddie Mac, mortgage banks, Fannie Mae
Copart believe the stock will outperform the S&P 500 going forward...Earlier this week , tomk104 tapped Copart as a particularly timely opportunity: "New car sales are almost certain to slow after Cash for Clunkers compressed a year's worth of sales into...
Tags: Freddie Mac