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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 73-84
  • Janna Herron: What it takes to borrow from home equity

    Breaking into the home equity nest egg is becoming a very real possibility for more Americans as home prices rise. But raiding the house bank is not as easy as it was before the recession, and not everyone meets the requirements to borrow from home...
  • U.S. home sales jump; key mortgage rate hits low for the year

    U.S. home sales jump; key mortgage rate hits low for the year
    Sales of previously owned homes rose more than expected in July, a sign of growing strength in the housing recovery. Sales climbed 2.4% from June to a seasonally adjusted annual rate of 5.15 million, the National Assn. of Realtors said Thursday. The...
  • Quinn kills bill to cap assessments tied to foreclosed condo sales

    Gov. Pat Quinn on Tuesday killed a bill that would have limited the amount of money due to a condominium association when a foreclosed unit is sold. The governor, who had to act on the bill by Wednesday, used an amendatory veto to change the bill,...
  • Most Won't See Benefit From New Credit Scoring For Years

    WASHINGTON —- You may have noticed the big media splash recently when Fair Isaac, developer of the iconic FICO credit score, announced the debut of a new score version that no longer would penalize consumers who have medical debt-collection issues...
  • FICO score change unlikely to help home buyers in near future

    You may have noticed the big media splash recently when Fair Isaac Corp., developer of the FICO credit score, announced the debut of a new score version that no longer would penalize consumers who have medical debt-collection issues in their credit files....
  • What home buyers and sellers should know about appraisals

    When it comes to real estate, the appraisal is the linchpin around which all else revolves. Both buyers and sellers are in a holding pattern until the appraiser arrives at the property, looks it over and comes back with a figure for what he thinks the...
  • Goldman Sachs, U.S. agency in mortgage settlement worth $1.2 billion

    (Reuters) - Goldman Sachs Group Inc has agreed to a settlement worth $1.2 billion to resolve a U.S. regulator's claims the bank sold Fannie Mae and Freddie Mac faulty mortgage bonds, the regulator announced Friday. Under the settlement with the Federal...
  • Beware the shortcomings of data on home prices and mortgage rates

    It has been said that figures lie and liars figure. But even when the numbers are truthful, they often are nearly meaningless. Take average home prices. They are widely reported by regional and local media, even though they are generally national in...
  • 30-year fixed mortgage rate hits lowest point this year

    30-year fixed mortgage rate hits lowest point this year
    The average rate on a 30-year fixed-rate mortgage hit its lowest point this year following a jump in new home construction, lender Freddie Mac said Thursday.  The 30-year fixed rate averaged 4.10 percent this week, down from last week's average of 4....
  • Sales of homes for at least $1 million heat up in California

    Sales of homes for at least $1 million heat up in California
    While the overall housing market may have been stuck in neutral this spring, there was no stopping sales of high-end homes. Sales of homes for $1 million or more hit a seven-year high in California in the second quarter, while sales of $2-million-plus...
  • BofA ordered to pay $1.3 billion over Countrywide lending program

    Countrywide Financial hustled to make the loans. Bank of America, once again, is picking up the bill for the damages caused — the latest buffeting since the bank's disastrous acquisition of the Calabasas high-risk lender six years ago. A New...
  • Bank of America's Countrywide ordered to pay $1.3 billion

    Bank of America Corp.'s Countrywide unit was ordered to pay $1.3 billion in penalties for defective mortgage loans sold to Fannie Mae and Freddie Mac in the run-up to the 2008 financial crisis, a little more than half of what the federal government had...