Mar 20th 2013 11:00AM
Getty ImagesWASHINGTON - Revamped terms of Fannie Mae and Freddie Mac's taxpayer-funded bailout that went into effect this year will allow the mortgage finance firms to repay the U.S. Treasury sooner than would have otherwise been the case, a federal watchdog said on Wednesday. Fannie Mae and Freddie Mac were seized by... Continue Reading »
Aug 7th 2012 3:00PM
By Marcy Gordon WASHINGTON -- Government-controlled mortgage giant Freddie Mac posted net income of $1.2 billion for the second quarter and isn't requesting any additional federal aid for the period. The government rescued Freddie and larger sibling Fannie Mae in September 2008 after massive losses on risky mortgages... Continue Reading »
Jul 9th 2012 12:00PM
By Tami Luhby NEW YORK -- The mortgage market appears to finally be stabilizing -- as long as you ignore loans backed by the Federal Housing Administration. Increasingly, FHA-insured loans are falling into foreclosure or serious delinquency, moving in the opposite direction of loans guaranteed by Fannie Mae and Freddie... Continue Reading »
Nov 16th 2011 11:15AM
WASHINGTON -- Congress is seeking to end the practice of paying million-dollar bonuses to executives at government-controlled mortgage giants Fannie Mae and Freddie Mac. The House Financial Services Committee approved legislation Tuesday that would suspend tens of millions in Fannie and Freddie executive compensation... Continue Reading »
Jun 2nd 2010 12:15PM
Interest rates dropped again last week as economists argued about the financial crisis in Europe and how bad it might get. As HousingWatch reported, Greece and Portugal's bad news could be the American homebuyers' gain. But how does such faraway news directly affect the U.S.? Average interest rates for 30-year,... Continue Reading »
