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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
Average rates on 30-year fixed-rate mortgages fell below 5% this week -- the first time since the end of May, according to Freddie Mac's weekly survey of conforming mortgage rates, released on Thursday. The 30-year fixed-rate mortgage averaged 4.94% for...
Tags: Freddie Mac, record low, mortgage rate, average rate, fixed mortgage, Chicago
Tax concessions to the wealthy are pricing others out of the property market...He pays $175 per week for rent and utilities for an unfurnished former lounge room divided into two bedrooms by a flimsy partition, and use of a shared bathroom and a basic...
Tags: Freddie Mac, Australia, Sydney
Va. — Mortgage buyer Freddie Mac is going door to door to help delinquent borrowers avoid losing their homes. The government-controlled agency hired Titanium Solutions to visit borrowers and encourage them to apply for loan modifications under the federal...
Tags: Freddie Mac, delinquent borrowers, McLean
The chief financial officer of government-controlled mortgage finance company, Freddie Mac's, will start his new job with annual pay of up to $3.5 million and a nearly $2 million signing bonus, the company said in a regulatory filing late Thursday. The...
Tags: Freddie Mac, New York
Freddie Mac Interest rates on U.S. May, according to a survey released Thursday by home funding company Freddie Mac. Interest rates on the 30-year fixed-rate mortgage averaged 5.04 percent, with an average 0.6 point, for the week ending Sept. 24. That...
Tags: Freddie Mac, mortgage rate, mortgage average, San Francisco