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The Latest

  • Fannie Mae Freddie Mac
    Fannie and Freddie shares tumble with bipartisan announcement
    The White House, as well as Senators from both sides of the bipartisan fence within the U.S. Senate Banking Committee, have come together to create a draft legislation to makes major changes to the mortgage market while allowing borrowers...
  • Fannie Mae and Freddie Mac suspend foreclosure evictions for holidays
    Fannie Mae and Freddie Mac suspend foreclosure evictions for holidays
    As they have done in previous years, Fannie MaeandFreddie Macannounced Friday a two-week moratorium on evictions over the Christmas and New Year's holiday. The mortgage giants will suspend evictions of foreclosed single family and 2-4 unit...
  • Freddie Mac Rate Survey
    Fannie and Freddie to lower conforming loan limits
    Edward DeMarco, acting director of the Federal Housing Finance Agency, told Zillow and the Bipartisan Policy Center yesterday that Fannie Mae and Freddie Mac (Enterprises) will be reducing the maximum size of loans that the Enterprises guarantee...
  • Fannie Mae and Freddie Mac post significant second quarter earnings
    Fannie Mae and Freddie Mac post significant second quarter earnings
    Congressional members continue to call for the dismantling of Fannie Mae and Freddie Mac (Enterprises) while the two mortgage giants continue to post record profits. Combined, the two “Enterprises” posted second quarter earnings of $15...
  • Residential Index
    FannieMae upgrades housing growth forecast
    Due to better net exports and stronger inventory that originally reported for the second quarter of 2013, Fannie Mae economists have upgraded their forecasted growth from sub 2 percent to 2.5 percent for the housing market.Fannie Mae’s (FNMA...
  • Fannie Mae Rates
    Fannie Mae releases mortgage rates for last week
    Mortgage rates went up slightly last week, according to Fannie Mae’s release today. The benchmark 30 year fixed went from 2.920% to 3.080% from a week ago.The release shows that rates are better than they were a year ago by 0.220 percent....
  • Congressman Mel Watt
    Housing nominee Mel Watt helped spawn the 2008 financial crisis
    In the Daily Caller, historian and presidential biographer Charles C. Johnson writes that “Housing nominee Mel Watt helped create the subcrime crisis.” Watt has been nominated by President Obama to be director of the Federal Housing...
  • Fannie Mae
    Fannie Mae releases loan performance data
    Fannie Mae is following the lead of Freddie Mac in furnishing historical single-family, loan-level credit performance, according to their release today.Freddie Mac released their performance data last month. Both Government Sponsored Enterprises ...
  • Edward DeMarco
    DeMarco tells Senate housing showing signs of improvement
    Edward DeMarco, acting director of the Federal Housing Finance Agency (FHFA), told the U.S. Senate Committee on Banking, Housing and Urban Affairs yesterday that “We are seeing signs of recovery in the housing market across a number of...
  • Home interest rate chart
    Home interest rates remain volatile
    According to Freddie Mac, home loan interest rates last week were down for the second week in a row, this after being up fairly significantly since mid January.Mortgage backed securities (MBS) are up again today, after starting their climb back up...
  • Underwater homes
    FHFA extends HARP underwater refinances to 2015
    The Federal Housing Finance Agency (FHFA) announced Thursday that the Home Affordable Refinance Program (HARP) through 2015. According to their news release: “More than 2 million homeowners have refinanced through HARP, proving it a useful...
  • Treasury clarifies new Fannie Mae and Freddie Mac streamline modification program
    Treasury clarifies the new Fannie Mae and Freddie Mac streamline modification
    On Friday March 29, 2013 I wrote the article entitled "Fannie Mae and Freddie Mac leading departure from Obama's HAMP program"As a result of that article I was contacted by the Department of Treasury and asked to clarify their...
  • 24 hour ATM
    B of A holds gun makers deposits hostage, time to find a new bank
    Joe Sirochman, owner of American Spirit Arms posted to his Facebook account that Bank of America was holding deposits from his business because they felt that he,“should not be selling guns and parts on the Internet.”He has been a B of...
  • Congress Races To Hammer Out Deal For Bailout
    New study confirms economy was destroyed by Democrat policies
    A new study from the widely respected National Bureau of Economic Research released this week has confirmed beyond question that the left's race-baiting attacks on the housing market (the Community Reinvestment Act--enacted under Carter, made...
  • Holiday moratorium on foreclosure evictions
    Holiday moratorium on foreclosure evictions
    Federal mortgage backers Fannie Mae and Freddie Mac announced this week that they have halted evictions from foreclosed homes during the holidays.For Fannie Mae backed mortgages, the suspension on evicting homeowners will be from Dec. 19 through...