Author: Brian Honea December 9, 2014 Fannie Mae and Freddie Mac announced on Tuesday a moratorium on evictions for single-family foreclosed homes for the holiday season. The GSEs said evictions will not be enforced from December 17, 2014, until January 2, 2015, for single-family homes that have been foreclosed on, meaning that families living in […]
Category: Freddie Mac
Freddie Mac Sees Bittersweet Economic Outlook
DSNews BY: Derek Templeton July 22, 2014 Some things are meant to be a little sweet and a little bitter. They’re just better that way. Semi-sweet chocolate and sweet and sour sauce, just to name a few are some of the finest flavors known to man. Unfortunately, the mixture of bitter and […]
Mortgage Rates Continue to Slip
Mortgage rates have yet to find their bottom in 2014, dropping again this week to their lowest level since last October. In its weekly Primary Mortgage Market Survey, Freddie Mac recorded the average rate for the 30-year fixed-rate mortgage (FRM) at 4.14 percent (0.6 point), down from 4.20 percent last week. Last May, the 30-year fixed was at […]
Mortgage Rates Decline for Third Straight Week
DSNews BY: Tory Barringer May 15, 2014 Mortgage rates pulled back slightly again this week, responding to what little major economic developments there were. According to Freddie Mac’s Primary Mortgage Market Survey, the 30-year average fixed-rate mortgage (FRM) eased to 4.20 percent (0.6 point) for the week ending May 15, a drop of just 1 […]
FHFA Adopts New Plan Under Director Watt; Won’t Reduce GSE Market Share
DSNews BY: Krista Franks Brock May 14, 2014 In a speaking engagement at the Brookings Institution, Federal Housing Finance Agency (FHFA) Director Melvin L. Watt spoke about his new 2014 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac, highlighting a few major changes to the plan. Notably Watt’s plan removes any intention to reduce the GSEs’ […]
Housing Recovery Unmoved by Rising Interest Rates
DSNews BY: KRISTA FRANKS-BROCK January 23, 2014 Mortgage rates may be rising, but the housing market doesn’t seem to mind. In fact, several indicators have improved alongside rising rates, according to the HousingPulse Tracking Survey released by Campbell Surveys and Inside Mortgage Finance this week. The lending atmosphere is becoming friendlier, especially to first-time buyers. Simultaneously, the average […]
Wells Fargo, SunTrust Reach Repurchase Agreement with Freddie Mac
DSNews – By TORY BARRINGER, 10/4/2013 Two more companies are in the clear with Freddie Macfollowing agreements on claims related to loans that went south after they were sold to the GSE. Wells Fargo and SunTrust Mortgage are the two most recent companies to settle over claims regarding representations and warranties on single-family loans sold to the GSE. It was announced at the […]
Mortgage Rates Start 2014 on the Up and Up
DSNews BY: Tory Barringer 1/2/2012 Mortgage rates began 2014 with a round of increases, kicking off a trend many experts believe will continue through the rest of the year. Freddie Mac’s weekly Primary Mortgage Market Survey shows the 30-year fixed-rate mortgage (FRM) averaging 4.53 percent (0.8 point) for the week ending January 2, up […]
