Freddie Mac

Mortgage Rates Decline to 9-Week Low

Mortgage Rates Decline to 9-Week Low

According to a survey, the home buyers, who were earlier worried about the rapid rise in interest rates, got an official pardon this week as the rates curved in sharply, hitting their lowest level in the last two months.

This decline was due to the last week's announcement that the Federal Reserve would continue its massive economic stimulus program.

Freddie Mac Shows Failure to Recover Loss from Defaulters

Freddie Mac Shows Failure to Recover Loss from Defaulters

The Office of Inspector General (OIG) of the Federal Housing Finance Agency in Washington recently presented a report, which showed failure of Freddie Mac to refer almost 58,000 foreclosed mortgages to vendors.

As per the report, the vendors scrutinize the ability of borrowers to repay. Also, they are held responsible for collecting mortgage payments.

Report Questions Fannie Mae & Freddie Mac

Report Questions Fannie Mae & Freddie Mac

The today's letter raises questions upon the intentions of Fannie Mae and Freddie Mac, the two-government sponsored enterprises, whom the report says are ignoring write-offs.

Homebuilder Confidence Continues to Rise in United States

Homebuilder Confidence Continues to Rise in United States

Homebuilder confidence has improved to reach the highest level in eight years. The NAHB/ Wells Fargo Housing Market Index has touched 59 in August from a low of 56 in July.

Obama’s Proposal to Overhaul Fannie Mae and Freddie Mac

Obama’s Proposal to Overhaul Fannie Mae and Freddie Mac

President Obama has said it is time for both this city's and the country's comeback from the housing chaos. He highlighted the importance of reducing the federal role and risk in the mortgage market on Tuesday. He said to take measures to not let the country go through the same kind of crisis ever again in the future.

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