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 »
Dec 4th 2012 2:20PM
By Les Christie Homeowners facing foreclosure just received an early Christmas present: They won't be evicted from their homes over the holidays. Mortgage giants Fannie Mae and Freddie Mac announced Monday that they will suspend all bank repossessions beginning Dec. 17 and Dec. 19, respectively, and will not resume the... Continue Reading »
Nov 15th 2012 3:50PM
WASHINGTON -- Average U.S. rates on fixed mortgages fell to fresh record lows this week, a trend that has helped the housing market start to recover this year. Mortgage buyer Freddie Mac says that the average rate on the 30-year loan dipped to 3.34 percent, the lowest on records dating back to 1971. That's down from 3.40... Continue Reading »
Government-sponsored mortgage backers Freddie Mac, Fannie Mae and the Federal Housing Administration are offering mortgage relief to some borrowers whose homes were damaged by Hurricane Sandy, the superstorm that has crippled communities across the Northeast. The relief is available to borrowers whose homes were damaged... Continue Reading »
Aug 14th 2012 4:30PM
By Jon Prior A Mitt Romney administration plan for a future housing finance system likely shuns any form of a government guarantee, based on the Republican presidential candidate's choice of Rep. Paul Ryan as a running mate. The Republican congressman from Wisconsin, who heads the House Budget Committee, released a plan... Continue Reading »
