Tag Archives: Freddie Mac

Homeowners who refinanced their mortgages in the fourth quarter of 2012 reduced their interest rates by an average of 33 percent.

CBRE Capital Markets was 2012's top seller of multifamily loans, according to a release from Freddie Mac.

Commercial and multifamily originations increased 24 percent from 2011 to 2012, according to the Mortgage Bankers Association.

Fixed mortgage rates took a major leap up last week amid news of a growing economy led in part by the recovering housing market.

As the multifamily sector continues to flourish, Freddie Mac also announced it hit record volume for its multifamily business in 2012.

After climbing into positive territory for the first time in two years, Freddie Mac's total mortgage portfolio decreased sharply in December.

After a lengthy waiting period banks and title insurers are beginning to prosper once again from a strengthening mortgage market.

The last few weeks have seen a deluge of new rules from the Consumer Financial Protection Bureau (CFPB) and other regulatory agencies, but a new report from the U.S. Government Accountability Office (GAO) says the reform process is still coming along slowly. As of the end of 2012, GAO estimates regulators have issued rules for approximately 48 percent of the Dodd-Frank provisions that call for them. Most of the effective deadlines for those rules have not yet been reached, the agency says.

The Federal Housing Finance Agency and General Electric reached a settlement to resolve claims of faulty mortgage-backed securities sold to Freddie Mac.

Positive economic and housing news lifted fixed mortgage rates to their highest level in months this week. According to Freddie Mac's Primary Mortgage Market Survey, the average interest rate for a 30-year fixed-rate mortgage (FRM) was 3.42 (0.7 point) for the week ending January 24, up from 3.38 percent last week. The last time the average 30-year reading was this high was September 29 of last year, Freddie Mac said. Frank Nothaft, VP and chief economist for Freddie Mac, said the rise in fixed rates is unlikely to deter the housing recovery.