The Federal Home Loan Mortgage Corporation is a government-sponsored enterprise charged by Congress since 1970 with expanding the secondary market for residential mortgages in the United States and its territories. It does this primarily through buying mortgages on the secondary market, pooling them and selling them as mortgage-backed securities. This ups the supply of money for new mortgage and increases the availability of money for home purchases.
This purchasing and pooling of mortgage-backed securities was blamed for a good portion of the 2008 recession and housing collapse. Too many mortgage securities backed by Freddie Mac collapsed or did poorly, costing the agency billions; these costs were passed on to taxpayers, further hurting Freddie Macs reputation with the public.
Headed by CEO Donald Layton since May 2012, the publicly traded enterprise based in Fairfax County, Va., still does a brisk trade that underlies much of the U.S. mortgage markets: $80.64 billion in revenue in 2012, with more than $1.9 trillion in assets. -TA
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Freddie Mac, Click to enlarge)
U.S. mortgage rates fell below 4 percent last week, which may...
...owner of securities backed by Fannie Mae and
Freddie Mac as of January 2017. But transaction data for February from the U.S. Treasury released...
...are on the rise again.
National mortgage investor
Freddie Mac reports that 45 percent of all home loan refinancings in the final three months of...
...this week from 4.10 percent, according to mortgage buyer
Freddie Mac. The rate is below the prior low of 4.09 percent during the week of January...
...and mandated by giant investors Fannie Mae and
Freddie Mac, run from 300 to 850. Higher scores mean lower risk to the lender. Lower scores can...
...at a time when competitors Fannie Mae and
Freddie Mac have introduced new programs offering low down payments? Turns out it's all about the...
...Fannie Mae’s single-family rental deal with Blackstone,
Freddie Mac is also considering backing such loans, sources told Bloomberg this week.
Urban Institute, a...
...the direction of short-term interest rates.
Freddie Mac, 30-year fixed-rate mortgages now ask 4.21 percent per year on average, up from 4.1 percent a...
...mortgage documents. The Federal Home Loan Mortgage Corporation (
Freddie Mac) provided a $44 million loan to secure the state's financing.
The property has an alternate...
...estate holdings are intertwined with Fannie Mae and
Freddie Mac, the mortgage finance giants that may face an overhaul during the Trump administration, as...
...court decision that investors in Fannie Mae and
Freddie Mac aren’t entitled to billions in profits.
Mnuchin previously said that the $10 trillion mortgage...
...far as what happens to Fannie Mae and
Freddie Mac, that’s going to take a little longer to work out a solution.
...million in loans backed by Fannie Mae and
Freddie Mac outstanding, creating the potential for conflicts of interest as White House and Congress debate...
...of Housing and Urban Development, Fannie Mae and
...co-founder of Beech Street Capital — a Fannie Mae,
Freddie Mac and FHA loan servicer that Capital One acquired for an undisclosed sum in 2013. The...
...country saw the mortgage giants Fannie Mae and
Freddie Mac put into government conservatorship, essentially nationalizing the secondary mortgage market.
Congress also passed the...
...for sale to giant investors Fannie Mae and
Freddie Mac -- still pulls in plenty of applicants with solid scores. Thirty seven percent of...
...low. The average loan-to-value ratio on newly issued
Freddie Mac multifamily loans rose to 71 percent in 2015. While up from 59 percent in 2013, that’s not...
...percent at the end of December, according to
And the volume of sales has been slowing. New-home sales in December fell by...
...securitized residential loans backed by Fannie Mae and
Freddie Mac to New Residential Investment Corporation for $950 million. In a separate deal, Cenlar FSB said...
...behemoths of the mortgage business — Fannie Mae and
Freddie Mac — continue to use a credit scoring model that even its developer, FICO, says is...
...percent at the end of December, according to
Freddie Mac, while the median home price rose 4 percent to $232,200.
The 5.45 million existing home sales recorded...
...loan eligible for sale to Fannie Mae or
Freddie Mac, according to an analysis prepared by Paul Skeens, president of Colonial Mortgage Group, a...
Fannie Mae, along with its sister company
Freddie Mac, buys mortgage loans from lenders, stamps them with an implicit government guarantee, repackages them...
...for completion in 2017, and how Fannie Mae and
Freddie Mac continue to use a credit scoring model that penalizes thousands of potential borrowers.
223 North 8th Street
Party 1 Brokerage
Trinity Place Holdings, Pacolet Milliken Enterprises
Party 2 Brokerage
The company secured a $42.5 million, 10-year, floating rate acquisition loan.
60 East 93rd Street
William R. Lucas Realty
Prudential Mortgage Capital Company,
The company secured a $49.5 million $12.6 million will fund acquisition costs, $23.6 million will go toward building loan costs, and $13.3 million toward project loan costs.
135-30 78th Avenue
Unit 19B, 135-30 78th Avenue
Federal Home Loan Mortgage Corp. Aka
260-23 Langston Avenue
Unit 119A1, 260-23 Langston Avenue
Federal Home Loan Mortgage Corporation;
Wang, Ping; Zhou, Mian
79 Sherman Avenue
Party 1 Brokerage
A $2.1 million loan was arranged to refinance the property. Freddie Mac has been a lender on the building since 1987 when it provided an $825,000 mortgage. CPC refinanced this mortgage in 1996 with a new $1.15 million Freddie Mac loan. Two 5-story mixed-use buildings. Includes 152 Dyckman Street.
...the middle of last month, government-backed mortgage lender
Freddie Mac said that the 30-year fixed rate matched an all-time record low of 3.94 percent set...
...third week of September, the lowest rate since
Freddie Mac began tracking it in 1991.
• The sale of a Gravesend house for $10.26 million, which was...
...loan limits to $420,000 for metro Philadelphia. In addition,
Freddie Mac recently reported that 30-year fixed-interest rates had begun to fall.
Two high-end Scottsdale...
...by the last week in June, according to
Freddie Mac, its highest since 2002.
If the second quarter numbers read a little like d j...
U.S. mortgages rates rose to its highest levels so far in 2015 during the final week of May. The average rate for a 30-year fixed...