Tag Archives: Freddie Mac

Bank of America and Freddie Mac jointly announced Monday an agreement resolving all remaining rep and warranties claims on loans BofA sold to the GSE through the end of 2009.

Following a trend maintained over the past nine quarters, the Federal Housing Finance Agency's (FHFA's) Home Price Index (HPI) posted an increase over the third quarter. The index, which incorporates sales data from Fannie Mae and Freddie Mac, rose 2 percent over the third quarter and 8.4 percent over the year. Also notable, the third quarter is the first time since 2009 that national home prices are higher than they were five years earlier, according to FHFA.

Now that Senate Democrats have changed the chamber's rules to block filibusters of executive appointments, analysts anticipate a much easier path for Rep. Mel Watt.

Next year will likely be the first year since 2000 that home purchases outpace refinances, according to Freddie Mac's expectations.

A new report published by the Opportunity Agenda, National Fair Housing Alliance, and the National Association of Real Estate Brokers (NAREB) claims that the U.S. housing policy is broken.

After weeks of speculation from market watchers and analysts, JPMorgan Chase announced it has finalized a $ 13 billion deal with the Justice Department.

Freddie Mac's Primary Mortgage Market Survey shows the average interest rate for the 30-year fixed-rate mortgage (FRM) climbing to 4.35 percent (0.7 point) for the week ending November 14.

Freddie Mac announced Tuesday that it has obtained an insurance policy intended to attract new sources of private capital from non-mortgage guaranty insurers and reinsurers.

According to the results of Freddie Mac's latest quarterly refinance analysis, the average interest rate reduction among those who refinanced in Q3 was about 1.8 percentage points, representing a savings of about 30 percent ($3,500 over 12 months on a $200,000 loan). For borrowers who refinanced last quarter, the estimated interest savings over the next year will be about $6 billion. For those who refinanced through the Home Affordable Refinance Program (HARP), the average rate reduction in Q3 was 1.9 percent points.

In the midst of an ongoing political debate surrounding their future, Fannie Mae and Freddie Mac continue to see strong profits.