freddie mac

Freddie Mac Asking Government For Additional Aid

Published on Tue, 08/09/2011 - 09:44
By FNNO Staff in General Interest, business, finance, freddie mac, investing, market, mortgage, news, stock, trading, News Update

The mortgage giant says that it lost $4.66 billion during the April through June quarter. That takes into account $1.6 billion in dividends paid to the Treasury Department. It compares with a loss of $6 billion, or $1.85 per share

business, finance, freddie mac, investing, market, mortgage, news, stock, trading

Freddie Mac is requesting $1.5 billion in extra federal aid after posting a loss over the spring quarter.

By FNNO Staff

U.S. Mortgage Rates Fall to Five-Month Low

Published on Thu, 05/12/2011 - 11:24
By FNNO Staff in analysis, business, financial, freddie mac, market, mortgage rates, news, real estate, stock, trading
mortgage rates, real estate, freddie mac, financial, news, business, stock, trading, market, analysis

By FNNO Staff

Cost of 30-Year Fixed Mortgage Edges Higher, But Still Below 5%

While the average rate remained below 5%, it is well off its low of 4.17% in November. Low rates have been a saving grace for the battered housing market, but strict underwriting standards for mortgages have throttled many prospec

The cost of a 15-year fixed mortgage rose to 4.09% from 4.04%, after touching 3.57% in November.

analysis, business, economy, financial, freddie mac, housing market, market, mortgage, news, stock, trading

The cost of a 30-year fixed-rate mortgage edged up to an average 4.86% from 4.81% the week before, according to Freddie Mac, which tracks rates.

By FNNO Staff

U.S. Treasury Projects $24 Billion Profit From Financial Rescue

The new estimate includes the $700 billion Troubled Asset Relief Program, as well as other Federal Reserve and government programs.

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The U.S. Treasury announced on Wednesday that government financial rescue programs have begun to turn a profit, and estimates a total profit of about $24 billion based on current market conditions.

By FNNO Staff

Freddie Mac's Former Chief Exec Richard F. Syron May Face Civil Action

Syron received a so-called Wells notice from the SEC. He is the most recent executive in the government's examination of the two government-controlled companies.

The SEC is looking into how Freddie and Fannie publicly disclosed their exposure to risky loans and whether those depictions were inaccurate.

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Freddie Mac's former chief executive Richard F. Syron may face a civil action as the government ramps up an investigation of disclosure practices at the company and Fannie Mae, according to people familiar with the matter.

By Christie Duffy

US Treasury Secretary Geithner Presented Congress With Set Of Options To Wind Down Freddie, Fannie

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By FNNO Staff

Cost of 30-Year Mortgage Tops 5%; Could Hamper Weak Home Sal

The average rate rose to 5.05% from 4.81% last week, according to Freddie Mac, which tracks the market. The rate bottomed out at 4.17% in November.

The 15-year home loan rate rose to 4.29% from 4.08%, well off its low of 3.57% also in November. Five-year adjustable-rate mortgages rose to an average of 3.92% compared with 3.25% last month.

mortgage, housing, real estate, homes, homeowners, interest rate, market, sales, freddie mac, fannie mae, loan, bank, credit, foreclosure, default

The average cost of a 30-year fixed mortgage moved above 5% this week for the first time since April, raising concerns that interest rates, although still low, have crossed a psychological barrier that may hamper sales in the weak

By Stephanie Shyu

What's In The News: January 27th, 2011

analysis, beat, bernanke, business, buy, detroit news, earn, earnings, economy, eps, equity, estimate, exxon, fannie mae, finance, financial, forecast, freddie mac, high, income, invest, low, market, miss, net, new york post, news investing, price, profit, project, revenue, sale, sell, share, stock, trading, wall street journal

This is what's in the news for Thursday, January 27th, 2011.

By Stephanie Shyu

What's In The News: January 5th, 2011

aapl, analysis, apple, bac, bank of america, cisco systems, csco, fannie mae, fdx, fedex, financial, fnma, freddie mac, goog, google, lo, lorillard, market, stock, trading

This is what's in the news for Wednesday, January 5th.

By FNNO Staff

Bank of America Climbs 4.5%, After Settling Buyback Claims o

Published on Mon, 01/03/2011 - 11:00
By FNNO Staff in analysis, bac, bank of america, fannie mae, financial, freddie mac, market, stock, trading
bank of america, bac, fannie mae, freddie mac, stock, trading, market, analysis, financial

By FNNO Staff

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