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Freddie Mac

A collection of news and information related to Freddie Mac published by this site and its partners.

Top Freddie Mac Articles

Displaying items 49-60
  • Mortgage settlement: A good deal for Maryland

    Mortgage settlement: A good deal for Maryland
    Maryland Attorney General Douglas F. Gansler is right to sign on to the multi-state settlement with the nation's five largest banks over some aspects of the faulty procedures they used to foreclose on homes during the mortgage crisis. The state stands...
  • Mortgage settlement has shortcomings, critics say

    As the federal government and 49 states signed a landmark mortgage relief settlement Thursday, housing advocates and others pointed to shortcomings and raised questions about how the $25 billion plan would be able to provide relief to nearly 2 million...
  • As economic crisis goes on, financial fears can push some over the edge

    As economic crisis goes on, financial fears can push some over the edge
    The headlines have had a similar ring: A Frederick County man underwater on his mortgage kills himself and his family. A man accused of financial improprieties does the same while staying at a Towson hotel. A top official with Freddie Mac, a company...
  • Emanuel's 'Rahmbo' image

    Rahm Emanuel combines political instincts, White House experience and a Chicago tough-guy attitude - traits he's likely to need as President-elect Obama's new chief of staff. His combative style as political director in the early days of the Clinton...
  • Mortgage rates fall to 6-week low

    Mortgage rates fall to 6-week low
    Average mortgage rates declined for a second consecutive week, pushing them down to a six-week low. The average rate for a 30-year, fixed-rate mortgage was 4.27 percent this week, according to Freddie Mac's weekly survey. That compared with average rates...
  • Freddie Mac: Mortgage rates near low for year; 30-year at 4.27%

    Freddie Mac: Mortgage rates near low for year; 30-year at 4.27%
    Mortgage rates have fallen as the spring home-buying season begins, with Freddie Mac pegging the average 30-year fixed loan at 4.27% this week, the lowest it has been since early February. The average for a 15-year fixed mortgage was 3.33% this week,...
  • Bank of America loses money in 1st quarter after settlement

    CHARLOTTE, N.C. Bank of America Corp. was once again hammered by financial crisis-era legal woes in the first quarter, and Wednesday's earnings report raised fresh questions about just how much the bank will be forced to pay going forward. The...
  • Housing industry asks $5 trillion question: what does Watt want?

    WASHINGTON (Reuters) - The U.S. housing industry has waited three months to find out how Mel Watt will govern taxpayer-owned mortgage companies Fannie Mae and Freddie Mac , and has been frustrated by his silence. The former 11-term congressman from North...
  • Ganancias de Credit Suisse caen por débil rendimiento en banca de inversión

    Por Katharina Bart ZURICH (Reuters) - El banco suizo Credit Suisse dijo el miércoles que su ganancia neta se redujo en el primer trimestre en más de un tercio frente al mismo período un año atrás debido a una caída en los ingresos por...
  • BofA reports first quarterly loss since 2011 on lofty legal bill

    (Reuters) - Bank of America Corp reported an unexpected first-quarter loss on Wednesday after it took a $6 billion charge to cover litigation expenses, a figure that far exceeded the legal settlements the No. 2 U.S. bank has announced recently. Revenue...
  • HUD's Donovan says U.S. Senate housing bill is best chance of reform

    WASHINGTON (Reuters) - President Barack Obama's top housing official on Wednesday said a proposed Senate bill provides the best chance to overhaul the mortgage finance system this decade, but more debate over down payment requirements for government-...
  • Mortgage-related legal costs sock BofA with $276-million loss

    Mortgage-related legal costs sock BofA with $276-million loss
    Socked by mortgage-related legal expenses, Bank of America Corp. lost $276 million during the first quarter, sending its stock down sharply. The quarterly loss, its first in 2½ years, came despite lower loan losses and better than expected results in...