May 3rd 2012 3:30PM
By Marcy Gordon WASHINGTON -- Government-controlled mortgage giant Freddie Mac is requesting $19 million in additional federal aid after posting a loss for the first quarter of this year. The requested amount is less than the $146 million that Freddie received from the government for the fourth quarter of 2011. The... Continue Reading »
Apr 13th 2012 11:59AM
WASHINGTON -- The average rate on the 30-year fixed mortgage dropped near its all-time low this week, making homebuying and refinancing a bargain for those who can qualify. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan fell to 3.88 percent from 3.98 percent. That's just above the rate of 3.87... Continue Reading »
Apr 6th 2012 12:45PM
A majority of Americans want government-sponsored mortgage giants Fannie Mae and Freddie Mac to relinquish their role as the twin guarantors of a majority of U.S. mortgages, according to a new poll. The online poll, conducted by real estate news website, HousingPredictor, found that 72 percent of respondents said that... Continue Reading »
Mar 26th 2012 10:45AM
By Jon Prior Freddie Mac CEO Charles "Ed" Haldeman gave a strong signal Friday that new incentives from the Treasury Department may be enough to start principal reduction on mortgages backed by the government-sponsored enterprises. In January, the Treasury said it would triple incentive payments to mortgage investors who... Continue Reading »
Feb 23rd 2012 12:00PM
WASHINGTON -- The average rate on the 30-year fixed mortgage jumped after standing pat for three straight weeks at record lows. But the rate stayed below 4 percent for the 12th straight week, keeping homebuying and refinancing attractive for those who can qualify. Mortgage buyer Freddie Mac said Thursday that the rate on... Continue Reading »
