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Freddie Mac: 30-year mortgage rate falls from 3.57% to 3.54%
Mortgage rates dropped slightly during the first half of this week in reaction to news of slower growth in the economy, with lenders offering the 30-year fixed-rate loan at an average 3.54%, down from 3.57% a week ago, according to Freddie Mac’s...Tags: Automatic Data Processing, Inc., Consumers, Bankrate Incorporated, Financial and Business Services, Mortgages
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Freddie Mac: 30-year mortgage rate rises slightly to 3.56%
Lenders were offering 30-year fixed mortgages at an average 3.56% this week, up slightly from last week, while the 15-year fixed loan held steady at 2.77%, according to Freddie Mac’s weekly survey. Start rates on adjustable mortgages were flat...
Tags: Mortgages
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Fannie Mae posts record annual profit of $17.2 billion
WASHINGTON — Taxpayer-owned Fannie Mae and Freddie Mac are back in the black, but it's unlikely to keep the nation's housing finance giants from being dismantled. Boosted by the recovery in the housing market, Fannie Mae on Tuesday reported a...
Tags: Bank of America Corp., Federal Housing Administration, Real Estate, Finance, Financial and Business Services
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Rescued Fannie Mae posts record profit as housing market rebounds
WASHINGTON -- Bailed-out Fannie Mae on Tuesday reported a record $17.2 billion profit for 2012, driven by the housing-market recovery and a big settlement with Bank of America related to soured mortgages during the subprime boom. The housing finance...
Tags: Fannie Mae, Bank of America Corp., Banking, Finance, Federal Bailout Funds
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Regulators roll out streamlined mortgage modification program
In a push to simplify mortgage modifications, federal regulators announced a streamlined process that doesn't require borrowers to prove a hardship. "This new option gives delinquent borrowers another path to avoid foreclosure," Edward J. DeMarco,...
Tags: Fannie Mae, Money and Monetary Policy, Kamala D. Harris, Financial Markets, Finance
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Mortgage rates increase slightly as demand for homes rise
Sun SentinelAverage interest rates on both 15-year and 30-year home loans rose slightly this week as the spring home buying season began, Freddie Mac said Thursday. The average 30-year, fixed-rate home loan increased to 3.57 percent after it dropped to 3.54 percent...Tags: Loans, Real Estate Sales, Mortgages
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Freddie Mac: 30-year fixed mortgage rate at 3.57%, up slightly
Borrowers with solid credit were being offered 30-year fixed home loans at an average 3.57% this week, up from 3.54% a week ago, according to Freddie Mac's latest survey. The average offering rate for a 15-year mortgage -- a popular option for those...Tags: Finance, Economy, Business and Finance, Financial and Business Services, Mortgages
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Refinances surge under Obama program for underwater loans
The number of homeowners refinancing their loans through a popular federal program that allows underwater homeowners to get new rates surged to more than 2 million in November. In November, almost 130,000 homeowners refinanced their loan through the...
Tags: Fannie Mae
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30-year mortgage rates drop, but still above 3.5%
Sun SentinelAverage interest rates on 30-year home loans dropped to 3.51 percent this week, but remained above 3.5 percent for the fifth week in five months, Freddie Mac said Thursday. The average 30-year, fixed-rate home loan was at 3.56 percent last week, the...Tags: Loans
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Freddie Mac: 30-year mortgage rate backs off to average 3.54%
Fixed mortgage rates reversed course this week and headed back down, according to Freddie Mac’s latest survey, with the average rate for a 30-year fixed-rate loan dropping to 3.54% from 3.63% last week. The 15-year fixed home loan averaged 2.72%,...Tags: Federal Reserve, Consumer Confidence, Economic Indicator, Prices, Financial and Business Services
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New rules to govern Illinois foreclosures
The Illinois Supreme Court on Friday announced new rules governing mortgage foreclosures that will require lenders to prove to judges that they have exhausted all efforts to help a borrower before seeking a foreclosure judgment against the homeowner. The...
Tags: Illinois Supreme Court, Cook County Government, Business Enterprises, Foreclosures, Finance
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Fannie Mae, Freddie Mac to offer streamlined loan modifications
In a push to simplify loan modifications, many borrowers who become 90 days or more past due on mortgages backed by Freddie Mac and Fannie Mae will be offered lowered payments without having to prove hardship, the federal regulator of the home-finance...
Tags: Fannie Mae, Education, Kamala D. Harris, Finance, Economy, Business and Finance
Apr 4, 2013
|Story| Los Angeles Times
Feb 21, 2013
|Story| Los Angeles Times
Apr 2, 2013
|Story| Los Angeles Times
Apr 2, 2013
|Story| Los Angeles Times
Mar 28, 2013
|Story| Los Angeles Times
Mar 28, 2013
|Story| South Florida Sun-Sentinel
Mar 28, 2013
|Story| Los Angeles Times
Feb 19, 2013
|Story| Los Angeles Times
Feb 28, 2013
|Story| South Florida Sun-Sentinel
Mar 21, 2013
|Story| Los Angeles Times
Feb 22, 2013
|Story| Chicago Tribune
Mar 27, 2013
|Story| Los Angeles Times
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