Tag Archives: Freddie Mac

Fannie Mae and Freddie Mac have both updated their seller guides to incorporate the Consumer Financial Protection Bureau's Ability to Repay rule under the Truth in Lending Act.

Despite lackluster performance from the economic sector, the housing recovery will press on and stimulate overall growth, according to Freddie Mac's most recent economic and housing outlook.

Having spent the last several months bouncing around, average fixed mortgage rates were little changed over the last week as market speculation settled.

Freddie Mac found that among refinances in the second quarter, 79 percent of homeowners with adjustable-rate mortgages (ARMs) switched to fixed-rate loans.

The Federal Housing Finance Agency (FHFA) put out a release asking for public input on strategies for scaling back the GSEs' presence in the multifamily housing finance market in 2014.

"GSE reform," according to White House propaganda, will end "an era of housing bubble and taxpayer bailouts." Obama's about the bubbles and bailouts, but wrong to blame Fannie and Freddie.

Saiyid T. Naqvi, former PNC Mortgage president and CEO, has been elected as a director on Freddie Mac's board, the company announced.

In its mid-year multifamily outlook for 2013, Freddie Mac notes that multifamily market fundamentals such as rents and vacancies continue to improve, with New York, San Francisco, Denver, Seattle, and Los Angeles all seeing marked growth. At the same time, supply presents a problem, the analysts said. While starts have seen growth over the last several years, completions are still lagging, and the gap between the two measures continues to grow wider.

It was a mixed week for mortgage rate reports following the release of July's employment numbers, which showed job growth coming in below the market consensus forecast.

According to Freddie Mac's quarterly earnings report, Q2 2013 net income totaled $5.0 billion, up about $407 million over the first quarter.