News Topic - Freddie Mac
Articles 1 - 10 of most recent articles
Senate on course to vote Saturday on housing billReuters - The Senate was on course for a Saturday vote to approve a major housing market rescue bill with a lifeline for Fannie Mae and Freddie Mac and bond market action on Thursday indicated investors in the two mortgage finance giants were encouraged.
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found in Business: Personal Finance
Neugebauer Votes to Protect Taxpayers from Bailouts
Rep. Randy Neugebauer voted against the bailout of Fannie Mae and Freddie Mac. Here's why...
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found in Local: Texas: Lubbock
Rep. Randy Neugebauer voted against the bailout of Fannie Mae and Freddie Mac. Here's why...
KCBD - NewsChannel 11 – 4 hours, 28 minutes ago ¦ comment?
found in Local: Texas: Lubbock
Economy - Thursday
Investor's Business Daily - Home loan rates rose sharply over the past week amid inflation fears, a rebound in stocks and Treasury yields, and tighter credit standards. The 30-year fixed-rate mortgage rose to 6.63% for the week ended July 24 from 6.26% a week ago, said Freddie Mac. It's the 8th straight week over 6%. The 15-year fixed-rate mortgage rose 40 basis points to 6.18%. The 5-year Treasury-indexed adjustable-rate mortgage jumped to 6.18%, while the 1-year ARM was up to 5.49%.
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found in Business: Real Estate
Investor's Business Daily - Home loan rates rose sharply over the past week amid inflation fears, a rebound in stocks and Treasury yields, and tighter credit standards. The 30-year fixed-rate mortgage rose to 6.63% for the week ended July 24 from 6.26% a week ago, said Freddie Mac. It's the 8th straight week over 6%. The 15-year fixed-rate mortgage rose 40 basis points to 6.18%. The 5-year Treasury-indexed adjustable-rate mortgage jumped to 6.18%, while the 1-year ARM was up to 5.49%.
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Fannie Mae and Freddie Mac: A Fall From Grace
Read full story for latest details.
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found in Top Stories: Press Releases
Read full story for latest details.
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found in Top Stories: Press Releases
Use of home equity hits a four-year low
The amount of money Americans pulled out of their homes is at a four-year low as homeowners battle falling home values and stricter standards among lenders, Freddie Mac said Thursday.
MSNBC.com – 5 hours, 51 minutes ago ¦ comment?
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The amount of money Americans pulled out of their homes is at a four-year low as homeowners battle falling home values and stricter standards among lenders, Freddie Mac said Thursday.
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Cash-out refinancing drops at Freddie Mac
WASHINGTON, July 24 (UPI) -- Cash-out refinancing at the Federal Loan Mortgage Corp. has dropped to its lowest amount in three years, the mortgage broker said.
United Press International – 6 hours, 26 minutes ago ¦ comment?
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WASHINGTON, July 24 (UPI) -- Cash-out refinancing at the Federal Loan Mortgage Corp. has dropped to its lowest amount in three years, the mortgage broker said.
United Press International – 6 hours, 26 minutes ago ¦ comment?
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Dow off 283 on Ford loss, weak home sales
Financial stocks are battered on the housing report. Washington Mutual, Fannie Mae and Freddie Mac are especially hard hit. Ford's big loss slams its shares -- and GM, too. Energy costs hit Dow Chemical earnings; 3M beats the Street.
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Financial stocks are battered on the housing report. Washington Mutual, Fannie Mae and Freddie Mac are especially hard hit. Ford's big loss slams its shares -- and GM, too. Energy costs hit Dow Chemical earnings; 3M beats the Street.
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found in Business: Investing
Republicans urge Bush to reject housing bill
WASHINGTON (MarketWatch) -- Some Republican members of the House Financial Services Committee urged President Bush to reject a housing bill heading for his desk, saying it risks taxpayer dollars. The bill passed by the House Wednesday and likely to be approved soon by the Senate contains a backstop for mortgage-finance giants Fannie Mae and Freddie Mac that Republicans worry will amount to a blank check. In a letter on Thursday, Rep. Spencer Bachus, R-Ala., and 13 other Republicans urged Bush to veto the bill so lawmakers can re-write language about the companies. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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WASHINGTON (MarketWatch) -- Some Republican members of the House Financial Services Committee urged President Bush to reject a housing bill heading for his desk, saying it risks taxpayer dollars. The bill passed by the House Wednesday and likely to be approved soon by the Senate contains a backstop for mortgage-finance giants Fannie Mae and Freddie Mac that Republicans worry will amount to a blank check. In a letter on Thursday, Rep. Spencer Bachus, R-Ala., and 13 other Republicans urged Bush to veto the bill so lawmakers can re-write language about the companies. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Weak housing data and WaMu anxiety rock financials
NEW YORK (MarketWatch) -- Financial stocks fell sharply Thursday as weak housing data spooked investors out of their recent bullish giddiness and sent mortgage and housing related stocks into a tailspin. Fannie Mae , Freddie Mac and Washington Mutual were among the top decliners, all dropping more than 10% after a National Association of Realtors report showed that resales of U.S. single-family homes and condos fell 2.6% in June to a seasonally adjusted annual rate of 4.86 million -- the lowest level in 10 years. Bank stocks across the board were under pressure, and some data suggested that the recent runup might have been amplified by short covering. Morgan Stanley analysts in a report Thursday said short interest in banking stocks reached a historic peak of 11.2% as of the end of the second quarter. The Financial Select Sector SPDR , an ETF that tracks the financial stocks in the S&P 500, fell 6.2%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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NEW YORK (MarketWatch) -- Financial stocks fell sharply Thursday as weak housing data spooked investors out of their recent bullish giddiness and sent mortgage and housing related stocks into a tailspin. Fannie Mae , Freddie Mac and Washington Mutual were among the top decliners, all dropping more than 10% after a National Association of Realtors report showed that resales of U.S. single-family homes and condos fell 2.6% in June to a seasonally adjusted annual rate of 4.86 million -- the lowest level in 10 years. Bank stocks across the board were under pressure, and some data suggested that the recent runup might have been amplified by short covering. Morgan Stanley analysts in a report Thursday said short interest in banking stocks reached a historic peak of 11.2% as of the end of the second quarter. The Financial Select Sector SPDR , an ETF that tracks the financial stocks in the S&P 500, fell 6.2%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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found in Business: Markets
Moody's: Fannie, Freddie woes no threat to U.S. 'Aaa' rating
SAN FRANCISCO (MarketWatch) -- Although extending aid to Fannie Mae and Freddie Mac could test the resiliency of the U.S. government balance sheet, it would not endanger the U.S. government's strong Aaa rating, Moody's Investors Service said Thursday. The prospective issuance of bonds by the Treasury to cover Fannie and Freddie's losses would result in a only small percentage increase in gross bond issuance, and a relatively small increase in federal government debt, said Steven Hess, Moody's vice president, in the report. At the same time, Moody's noted that there are other risks to the government's balance sheet although they aren't likely to be realized. Nonetheless, the ratings agency believes the government has sufficient financial flexibility to deal with these risks and maintain its Aaa rating.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – 8 hours, 32 minutes ago ¦ comment?
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SAN FRANCISCO (MarketWatch) -- Although extending aid to Fannie Mae and Freddie Mac could test the resiliency of the U.S. government balance sheet, it would not endanger the U.S. government's strong Aaa rating, Moody's Investors Service said Thursday. The prospective issuance of bonds by the Treasury to cover Fannie and Freddie's losses would result in a only small percentage increase in gross bond issuance, and a relatively small increase in federal government debt, said Steven Hess, Moody's vice president, in the report. At the same time, Moody's noted that there are other risks to the government's balance sheet although they aren't likely to be realized. Nonetheless, the ratings agency believes the government has sufficient financial flexibility to deal with these risks and maintain its Aaa rating.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – 8 hours, 32 minutes ago ¦ comment?
found in Business: Markets