Top Freddie Mac News, Videos, and Blogs - WallStreetBlips

Rates on 30-year mortgages sink, match record low

Wed, 25 Nov 2009 18:00:23 +0000

McLEAN, Va. (AP) -- Average rates for 30-year fixed mortgages fell this week, matching a record low set last spring and more than a full percentage point below what they were a year ago, Freddie Mac said Wednesday. Rates for 30-year mortgages averaged 4.78 percent this week, down from 4.83 ...

ETF Trends found this 32 hours ago on finance.yahoo.com

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Freddie Mac: Taylor, Bean loss may be significant (AP)

Wed, 25 Nov 2009 18:38:00 +0000

AP - Mortgage finance company Freddie Mac said Monday it could lose $500 million or more as a result of the bankruptcy protection filing of Taylor, Bean & Whitaker Mortgage Corp.

Mish's Global Economic Trend Analysis found this 32 hours ago on news.yahoo.com

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Freddie Mac Mortgage Portfolio Rose To $2.244 Trillion, Single-Family Portfolio Delinquencies Hit Record 3.54%

Tue, 24 Nov 2009 21:41:23 +0000

"The government sponsored version of subprime expert New Century reported October numbers, and they were not pretty. The bankrupt lender of 3.5% down housing loans saw its total mortgage portfolio rise to $2.244 trillion, thanks to the Fed which keeps on buying whatever crap FRE spews off the ...

iehi posted 2 days ago from hf-implode.com

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Freddie Mac trying to minimize exposure from failed lender, regional bank

Tue, 24 Nov 2009 17:07:10 +0000

" Freddie Mac, the government-backed mortgage finance giant, said Monday it's trying to minimize losses on more than $1 billion in assets at risk because of the summer collapse of mortgage lender Taylor, Bean & Whitaker and a regional bank with which it did business."

iehi posted 2 days ago from hf-implode.com

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Freddie says TBW-related loss may grow, files claim (Reuters)

Tue, 24 Nov 2009 10:37:00 +0000

Reuters - Freddie Mac, the U.S. mortgage finance giant, said on Monday it is seeking $595 million in loan payments and other funds hung up after the bankruptcy of lender Taylor, Bean & Whitaker.

Newsback found this 2 days ago on news.yahoo.com

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Agency Mortgage Bonds are RICH

Mon, 23 Nov 2009 17:17:04 +0000

Bloomberg (via Calculated Risk ) details Meredith Whitney's latest concern: The Federal Reserve has begun slowing purchases in the $5 trillion market for so-called agency mortgage-backed securities after announcing in September that it would extend the timeline for its $1.25 trillion program ...

Abnormal Returns found this 3 days ago on econompicdata.blogspot.com

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Risk versus the US dollar

Fri, 20 Nov 2009 13:37:16 +0000

If and when the Federal Reserve moves out of the mortgage backed securities field -a move expected in the first quarter of 2010-, will private investors step in? Well, why should they? What profit can they expect to reap? US housing prices have been kept artificially high for at least the past ...

iehi posted 6 days ago from hf-implode.com

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U.S. to aid some local mortgage programs

Tue, 17 Nov 2009 19:11:08 +0000

A Treasury Department program aimed at propping up local housing finance agencies will help inject $29 billion into these groups over the next year, according to government data scheduled to be released Tuesday. The program focuses on state and local housing finance agencies, which provide ...

iehi posted 9 days ago from hf-implode.com

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FHA boss: FHA is not the new subprime (AP)

Sun, 15 Nov 2009 10:35:53 +0000

AP - Federal Housing Administration Commissioner David Stevens says concerns that the agency is headed for the same financial trouble that snared Fannie Mae, Freddie Mac and the subprime sector are unwarranted.

Newsback found this 11 days ago on news.yahoo.com

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Our Economy Is on Steroids

Wed, 18 Nov 2009 16:00:00 +0000

To help the auto industry, taxpayers were subsidizing the price of autos through the Cash for Clunkers program and thus were creating artificial demand. The housing market, the epicenter of this crisis, is propped up from different directions. On one side there's a buyer tax credit (it used to ...

Fund My Mutual Fund found this 8 days ago on minyanville.com

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New fed housing program involves $29B in financing

Sat, 21 Nov 2009 16:25:06 +0000

"A new federal program to support state and local housing finance agencies is expected to involve more than $29 billion in government support, Fannie Mae and Freddie Mac disclosed Thursday."

iehi posted 5 days ago from hf-implode.com

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Bair: "Bank Bailout NOT a good thing"; Pension Benefit Guaranty Corp (PBGC) Bailout Coming

Sat, 14 Nov 2009 21:58:44 +0000

David Stevens: "Bailout is a term widely used with financial institutions. FHA is a government agency so let's just be clear. .... FHA does not operate under the same context as a typical financial institution. So the term bailout really just does not apply technically" Lovely Given that ...

iehi posted 12 days ago from hf-implode.com

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Why No One’s Watching Fannie and Freddie

Thu, 19 Nov 2009 18:43:19 +0000

"An arcane legal matter has left the agency charged with overseeing Fannie Mae and Freddie Mac without an independent inspector general for nearly one year, setting off a storm of finger pointing and raising concerns from members of Congress over why the agency has gone without independent ...

iehi posted 7 days ago from hf-implode.com

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