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Rates on 30-year mortgages dipped this week after rising a week earlier, and remain just above record lows. Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages fell to 4.82 percent this week, down from an...
Tags: rate mortgage, mortgage rate, mortgage averaging, Freddie Mac, record lows, FRM, week ending
The literature on the causes of the economic breakdown will soon be vast. Amid the stacks, this new book by John Taylor, Stanford professor and author of the celebrated Taylor rule of monetary policy, is worth noticing. It combines seriousness, brevity...
Tags: Freddie Mac
Rates on 30-year mortgages inched higher this week after two straight weeks of record lows, but still remained at attractive levels for borrowers looking to refinance their home loans. Mortgage finance giant Freddie Mac said Thursday that average rates...
Tags: mortgage rate, Barack Obama, Freddie Mac, rate mortgage, president obama, record lows
Panic " might be too weak a word for what we've been going through. Beyond the substantial shocks that stocks have sustained, the far larger lending market has seized up as well. Banks don't want to lend to each other, much less those of us out here in...
Tags: Fannie Mae, Freddie Mac
Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages dropped to 4.78 percent this week, from 4.85 percent last week. It was the lowest in the history of Freddie Mac's survey, which dates back to 1971. Rates...
Tags: Freddie Mac
The federal regulator of bailed-out mortgage giants Fannie Mae and Freddie Mac defended plans Friday to give $210 million in retention bonuses to employees he said had lost years of savings when the companies' stock collapsed in 2008. Bonuses as high...
Tags: PM Fannie Mae, Freddie Mac, Fanny of Fannie, Senate Finance Committee, Chuck Grassley, retention bonuses, mortgage finance, management decisions, chief executive, Obama
Bond folly Agora Financial's 5-Minute Forecast conveniently distills the Truly Horrifying News (THN) of recent US Federal Reserve action by saying, "In a single breath, the Fed committed another US$1.15 trillion to the credit quagmire" with "$750 billion...
Tags: Fannie Mae, Freddie Mac, US Federal Reserve
Rates on 30-year mortgages plunged this week to the lowest level on record after the Federal Reserve launched a new effort to assist the staggering U.S. housing market. Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year fixed-rate...
Tags: mortgage rate, rate mortgage, Freddie Mac, Federal Reserve, U.S. Treasuries, mortgage fell, record lows, lowest level, average rate
Herbert Allison, installed by government regulators as CEO of the company last fall, sent a companywide e-mail Friday defending Fannie Mae's bonus program for thousands of workers. "I am deeply concerned that eliminating our retention plan would jeopardize...
Tags: Fannie Mae, Herbert Allison, Freddie Mac, Barney Frank, deeply concerned, bonus programs, retention bonuses
Boehner and House Minority Whip Eric Cantor held their caucus together for two unanimous no votes on the Democrats’ economic stimulus plan, but they couldn’t even agree themselves on a bill Thursday that would recoup bonuses paid by AIG by taxing them...
Tags: Barney Frank, Frank Wants Fannie, Freddie Mac, Fannie Mae, AIG, Federal Housing Finance Agency, American International Group Inc., retention bonuses