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Federal Reserve's recent tough talk on inflation served notice to financial markets that the central bank was serious about tamping down price pressures, but it has hit the economy in one of its tenderest spots -- housing. Markets took immediate heed...
Tags: Federal Reserve, Freddie Mac, rate mortgage, mortgage average
Senate leaders have agreed to a bipartisan bill to establish a $300 billion rescue fund for troubled mortgages and a new regulator for Fannie Mae and Freddie Mac, lawmakers said on Tuesday. The legislation was expected to be considered by the full Senate...
Rates on 30-year fixed mortgages have surged nearly a quarter percentage point to an 8-month high on growing concerns about inflation, mortgage backer Freddie Mac said Thursday. Freddie Mac ( FRE , Fortune 500 ) said 30-year fixed-rate mortgages averaged...
Tags: Freddie Mac, mortgage rate, mortgage jump, Federal Reserve, rate mortgage, mortgage average
The Office of Federal Housing Enterprise Oversight, which oversees the government-sponsored companies, said Tuesday it would change how it calculates one of those measurements, known as risk-based capital. Using the current methodology, Fannie and Freddie...
Tags: Fannie Mae, Freddie Mac
Interest rates for 30-year, fixed-rate mortgages increased in the United States in the last week, the Federal Home Loan Mortgage Corp. said Thursday. The average 30-year fixed interest rate averaged 6.08 percent with an average 0.6 point during the week,...
Tags: Freddie Mac, rate mortgage, mortgage average, mortgage rate, U.S
Rates on 30-year mortgages dipped below 6 percent this week, to their lowest level in five weeks. Mortgage company Freddie Mac reported Thursday that 30-year fixed-rate mortgages averaged 5.98 percent this week...It was the lowest level for 30-year mortgages...
Tags: Freddie Mac, lowest level, mortgage dip, rate mortgage
Profits from government-sponsored mortgage giants Fannie Mae and Freddie Mac, instead of taxpayers, would back up a home loan rescue for up to 500,000 strapped borrowers under a plan approved by a key Senate committee Tuesday to pull the nation out of...
Tags: republican, president, democrat, Senate Banking Committee, bush, U.S. Senate, mortgage giants, Freddie Mac, Fannie Mae, senate committee
Democrats and Republicans banded together today to push a homeowner rescue plan through a key Senate committee, boosting the chances for a broad election-year housing aid package. The vote was 19-2 in the Senate Banking Committee to approve the plan,...
Tags: Fannie Mae, Freddie Mac, Senate Banking Committee, U.S, mortgage giants, giants fannie, House
Standard & Poor's Ratings Services cut a rating on Fannie Mae that measures how strong the mortgage financier would be without any support from the government, the ratings agency said Monday. Based in Washington, Fannie Mae buys home loans from banks...
Tags: Senate Banking Committee, U.S. Senate, Fannie Mae, Freddie Mac, Mike House, senator banking, senator leaders, committee leaders, Bush, Christopher Dodd
Fannie Mae says it is doing away with higher downpayment requirements for borrowers in distressed real estate markets. The government-sponsored mortgage financier said Friday it will require downpayments of between 3 percent and 5 percent for all loans...
Tags: Fannie Mae, payments requiring, sponsored mortgage, doing away, Freddie Mac, mae says, scraps higher, estate market, mae scraps, distressed real