freddie mac

The debate among Congress, the Administration, bankers, and financial experts has raged on since Fannie Mae and Freddie Mac collapsed into the arms of the federal government. Their portfolios of bad mortgages grew so great that they required tens of billions of dollars of taxpayer money. By many...

Wunderlich Securities continue to recommend active portfolio management in regards to mortgage bonds in an update on the housing market, given this "period of unprecedented volatility." It believes that Freddie Mac's 30-year mortgage rate offering at 4.44% is, while enticing, ultimately still...

Mortgage rates fell on Thursday for the ninth time in 10 weeks amidst rising concerns of the US economy slumping. Mortgage rates have hit their lowest level in decades. Freddie Mac said that the average rate for a 30-year fixed loan was 4.36% this week, down from last week’s 4.42%. This marks the...

A US District Judge has ruled that a group of lenders can foreclose on Peter Cooper Village and Stuyvesant Town (from now on collectively referred to as Stuy Town). There are quite a few interesting substories to this latest chapter in one of the largest (and worst) real estate...

Mortgage finance company Freddie Mac is reporting that the average rate on 30-year fixed mortgages fell this week to the lowest level of the year. The rate was barely shy of the all-time low. The average 30-year fixed mortgage rate was 4.72 percent this week, down from 4.79 percent last week. The...

Word broke recently of Fannie Mae’s first quarter results.  The verdict? An $13.1 billion loss. As a result, Fannie is asking the federal government for $8.4 billion in assistance, tapping into its currently unlimited line of credit.  The announcement comes less than a week after smaller...

The sleeping giants that are Fannie Mae and Freddie Mac (NYSE: FNM) (NYSE: FRE) came to life this afternoon on speculation the government might restrict short selling in financials which they currently hold an interest. Both Fannie Mae(FNM) and Freddie Mac(FRE) are currently up substantially on...