Tag: FreddieMac

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

    Election 2012: Obama, Romney Sidestepping the Housing Crisis?

    The presidential candidates have mostly avoided housing -- an issue that's largely responsible for the last five years of economic pain -- and maybe with good reason, industry observers say. Continue Reading

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

    Fannie Mae's Surprising Picks for Best Customer Service

    Four out of the five largest U.S. mortgage servicers, all of which were involved in the robo-signing settlement, received three-star ratings for their service performance in the first half of 2012 in a Fannie Mae performance report. But that doesn't mean that they couldn't have done better. Continue Reading

  • The Rise and Fall of Fannie Mae: A Timeline

    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... Continue Reading

  • Ben Bernanke Prepares Fannie and Freddie's Last Rites

    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... Continue Reading

  • Fannie Mae Registers $1.2 Billion Loss, Smallest Since 2007

    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... Continue Reading

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

    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... Continue Reading

  • Fannie and Freddie, Please Don't Change!

    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 Reading

  • Fannie-Freddie II: The Wrath of Obama

    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... Continue Reading

  • Fannie & Freddie: More Than Politics As Usual

    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... Continue Reading

  • What's in Store for Interest Rates?

    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... Continue Reading

  • Lowest Interest Rates Ever Recorded, Again

    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... Continue Reading