AP - WASHINGTON - Profits from government-sponsored mortgage giants Fannie Mae and Freddie Mac, instead of taxpayers, would back up a home loan rescue for up to 500,000 strapped borrowers under a plan approved by a key Senate committee Tuesday to pull the nation out of a housing crisis.
Democrats and Republicans banded together to […]
Senate panel OKs homeowner rescue
May 20th, 2008 · Permalink
Our view on the housing market: Fannie, Freddie bet big, with little federal oversight (USA Today)
April 28th, 2008 · Permalink
In recent months, Americans have learned that their mortgage payments — kind of like their airline luggage — can go places they never would have imagined. A loan in, say, Sarasota, Fla., can be bundled with others and sold as a mortgage-backed security to an institutional investor in, say, Singapore.
This process helped generate a housing […]
Fannie, Freddie cleared to pump $200 billion into market
March 19th, 2008 · Permalink
Reuters - The regulator of Fannie Mae and Freddie Mac on Wednesday eased capital requirements for the two biggest housing finance agencies, allowing them to pump up to $200 billion into the distressed U.S. mortgage market.
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The next shoe to drop in housing
March 13th, 2008 · Permalink
NEW YORK (CNNMoney.com) — The credit crunch has finally hit the traditional mortgage market.
Investors are now shunning mortgage-backed securities issued by government sponsored enterprises Fannie Mae and Freddie Mac, which have been critical in keeping the real estate market from completely falling apart.
Some fear this development will make it harder for people, even those with […]
Cuomo cuts deal with Fannie and Freddie
March 3rd, 2008 · Permalink
ALBANY, N.Y. (AP) — New York Attorney General Andrew Cuomo said Monday that prospective home buyers will be protected from fraudulently inflated home prices under a new agreement with government-sponsored lenders Fannie Mae and Freddie Mac.
Cuomo said lenders have pressured appraisers to …
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Freddie Mac loses billions amid housing slump
February 29th, 2008 · Permalink
AFP - US mortgage finance giant Freddie Mac reported Thursday heavy losses for the fourth quarter and 2007 and warned of higher credit losses amid a housing market slump.
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Freddie Mac posts $2.5B loss in 4Q
February 28th, 2008 · Permalink
AP - Freddie Mac on Thursday said its loss widened to $2.5 billion in the fourth quarter of 2007 as mortgage defaults mounted and falling interest rates hurt certain investments.
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Mortgage rates pop in lackluster market
February 28th, 2008 · Permalink
NEW YORK (CNNMoney.com) — Following a January surge in refinancing activities, mortgage rates rose this week in the lackluster housing market, but are likely to decline, Freddie Mac reported Thursday.
“Refinancing activities, which had surged to a 12-month high in January, according to Freddie Mac’s monthly refi-share report, are likely to ebb following this recent rise […]
