Average rates on 30-year mortgages fall, matching record low reached in spring Average rates for 30-year fixed mortgages fell this week, matching a ...
Freddie Mac says losses related to Taylor, Bean bankruptcy 'could be significant' Mortgage finance company Freddie Mac said Monday it could lose $500 ...
Fannie Mae could need $5.2 billion in more aid after gov't thwarts tax credit sale plan Fannie Mae said Monday it may have to ask the government for more financial assistance because the company cannot sell $5.2 billion in tax credits. The ...
FILE - In this July 13, 2008 file photo, the Freddie Mac's corporate offices are seen in McLean, Va. Freddie Mac says its losses narrowed to $6.3 billion in the third quarter and the company didn't need a federal cash infusion. (AP ...
Freddie Mac loses $6.3 billion, avoids request for federal aid for 2nd-straight quarter Freddie Mac's losses narrowed to $6.3 billion in the third quarter, but the government-controlled mortgage finance company didn't need a federal cash infusion. The McLean, Va.-based company has received ...
NEW YORK (Reuters) - Freddie Mac <FRE.N> <FRE.P>, the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a "prolonged deterioration" in ...
NEW YORK (Reuters) - U.S. mortgage rates fell below 5 percent for the first time in three weeks, a key level that may boost home loan demand and help the hard-hit housing market recover, a closely watched mortgage survey showed Thursday. Interest ...
Fannie Mae to allow troubled borrowers to hand over deeds to homes and then rent Can't pay the mortgage? You still might be able to stay in your home. Government-controlled mortgage company Fannie Mae is going to give borrowers on the verge ...
Commercial banks increase borrowing from Federal Reserve's emergency lending program Banks borrowed slightly more from the Federal Reserve's emergency lending program over the past week, while reducing their use of other credit programs designed to ease the financial crisis. The Fed said ...
Rates on 30-year mortgages fall below 5 percent, after rising for 3 weeks in a row Rates for 30-year home loans dipped below 5 percent this week after rising for three straight weeks. The average rate fell to 4.98 percent from 5.03 ...
Fed vows to hold rates at record-low level, signaling weak economy still needs government aid The Federal Reserve pledged Wednesday to keep a key interest rate at a record low for an "extended period," signaling that the weak economy remains dependent on ...
Fed’s short-term gain will likely lead to long-term pain Below is an excerpt from a commentary originally posted at www.speculative-investor.com on October 22, 2009. Even within the ranks of analysts who have some understanding of the problems caused by fiscal and monetary ...
