FreddieMac - Articles

Romney's and Obama's Housing Policies: Why the Candidates Seem Reluctant to Go There

It may seem hard to believe, but this year's presidential candidates have mostly avoided discussing an industry that's largely responsible for the last five years of economic pain. That may be because, for President Barack Obama and GOP White House hopeful Mitt Romney, the subject of housing remains an extremely... Continue Reading »

Fannie Mae Ranks Banks in 'Robo-Signing' Settlement as Top Servicers

Some of the most publicly reviled banks are currently industry leaders when it comes to good service, according to a report by Fannie Mae released Thursday. Fannie Mae gave three-star ratings to CitiMortgage, JPMorgan Chase, Ally Bank and Wells Fargo -- four of the five largest U.S. mortgage servicers, which were involved... Continue Reading »

The Rise and Fall of Fannie Mae: A Timeline

Fannie Mae and Freddie Mac were in the news a lot this year. For starters, there was the presidential summit in August, to solicit ideas for what to do with the ailing government-sponsored enterprises (GSEs for short). That was followed by midterm-election wrangling over whether to replace the struggling mortgage giants... Continue Reading »

Ben Bernanke Prepares Fannie and Freddie's Last Rites

Many of us never expected Fannie Mae and Freddie Mac to emerge from conservatorship, but now the death knell has sounded. By January we should know at least how the Obama administration wants to reorganize government support for the mortgage market, which will include the fate of the government-sponsored entities -- Fannie... Continue Reading »

Fannie Mae Registers $1.2 Billion Loss, Smallest Since 2007

The housing market is still ailing, but Fannie Mae is slowly recovering, another indicator that the overall picture for real estate is improving ever so slightly. For the second quarter of 2010, Fannie lost $1.2 billion, compared to the $14.8 million loss it filed in the same quarter of 2009. The prospects of Fannie and... Continue Reading »

Energy Efficiency Loans Lose the Backing of Fannie Mae and Freddie Mac

Homeowners looking for a hand with energy efficiency just got dealt a big blow – and the fallout could affect everyone looking to take out a mortgage. As the Wall Street Journal reports, the federal regulator that oversees Fannie Mae and Freddie Mac announced this week that it will not permit homeowners with... Continue Reading »

Fannie and Freddie, Please Don't Change!

Two gigantic companies, Fannie Mae and Freddie Mac, contributed to the housing crash and the near collapse of the banking system. So, now that we are reforming the financial system, what should we do to punish or reform these two mortgage giants? Nothing, for the most part. Fannie Mae and Freddie Mac should continue to... Continue Reading »

Fannie-Freddie II: The Wrath of Obama

So why did the Obama Administration last week increase the amount of Fannie Mae and Freddie Mac losses it would cover from the previous limit of $400 billion to the new limit of infinity? In the simplest terms, it was to reassure investors like China or Saudi Arabia who have bought or might buy in the future the securities... Continue Reading »

Fannie & Freddie: More Than Politics As Usual

Last week, just before Christmas, the Obama Administration quietly increased the amount of losses it would cover at Fannie Mae and Freddie Mac -- the two Federally-chartered (and now controlled) securitizers of home mortgages -- from a combined $400 billion to infinity. I'm going to look at this move in two parts, first... Continue Reading »

What's in Store for Interest Rates?

Average interest rates crept up from last week's record low, according to the economists at Freddie Mac. The average interest rate for a 30-year home fixed-rate mortgage climbed to 4.81 percent, according to the Freddie Mac's Primary Mortgage Market Survey, released December 10. That's up from 4.71 percent the week... Continue Reading »

Lowest Interest Rates Ever Recorded, Again

Average interest rates for home loans have never been lower -- at least not since the economists at Freddie Mac first started keeping track in 1971.The average interest rate for a 30-year home fixed-rate mortgage fell to 4.71 percent, according to the Freddie Mac's Primary Mortgage Market Survey, released December 3.That's... Continue Reading »

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