Tag Archives: Freddie Mac
Higher rates vs. tax increase?
A bid to boost fees that Fannie Mae and Freddie Mac charge lenders in order to pay for the proposed payroll tax cut extension for another year is drawing fire from some in the real estate industry who fear that lenders will pass the fees on to borrower… Continue reading
Freddie Mac wants $6 billion
Freddie Mac, the government-controlled mortgage company, is asking for an additional $6 billion from taxpayers after experiencing a third-quarter loss of nearly $2 billion more than the third quarter of last year.
According to the Associated Press, th… Continue reading
Can this HARP be saved?
Let’s see if the new, improved home refinance program goes any further toward pumping life into the stagnant housing market. On Monday, the Federal Housing Finance Agency, or FHFA, the government agency that controls Fannie Mae and Freddie Mac, announ… Continue reading
Higher mortgage fees proposed
In the ongoing effort to reform Fannie Mae and Freddie Mac, the acting director of the Federal Housing Finance Agency, or FHFA, the regulator that oversees the two agencies, proposed charging higher mortgage fees and sharing some of the lending risk wi… Continue reading
A slap for Fannie and Freddie
A three-year investigation by the Securities and Exchange Commission (SEC) into mortgage finance companies Fannie Mae and Freddie Mac is close to being settled, according to an article in the New York Times, without either of the two mortgage companies… Continue reading
Big banks face firing squad
The big banks are fielding a barrage of litigation and accusations for their part in the mortgage mess.
The latest salvo came from the Federal Housing Finance Agency, or FHFA, which oversees Fannie Mae and Freddie Mac. The regulator filed suit Friday … Continue reading
Low rates won’t save us
Mortgage rates across the board plummeted to the lowest level in the history of Freddie Mac’s weekly rate survey, to 4.15 percent for a 30-year fixed. But the low rates, coupled with low home prices, are unlikely to kick-start a housing market still st… Continue reading
Help solve the housing crisis
Have a few ideas about how to solve the housing crisis you’re just dying to share with the people in charge? Step right up: The Federal Housing Finance Agency, or FHFA, is seeking input on creative solutions to get foreclosed homes off the market and… Continue reading
IRS shutdown and closings
If the government shuts down the impact on mortgage loans will go beyond FHA.
Government officials and lenders say loans backed by Fannie Mae and Freddie Mac won’t be affected by the shutdown because those agencies operate separately from the governmen… Continue reading