Freddie Mac News
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Updated 19 minutes ago
Dan Kowalyshyn figures he owes about $200,000 more than what his four-bedroom house is worth today. It faces a cul-de-sac where three of the six homes have been lost to foreclosure since his $570,000 purchase in 2006.
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Following are U.S. mortgage interest rates as reported by Freddie Mac.
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Mortgage rates in the U.S. declined as more Americans sought financing for home purchases.
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Default insurance on Greek debt won’t be paid out, the International Swaps & Derivatives Association said after it was asked to rule whether part of the nation’s $170 billion bailout was a credit event.
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Campaigning across his adopted home state of Georgia, former House Speaker Newt Gingrich this week promised $2.50 gasoline, lambasted President Barack Obama and excoriated Iran in a last-ditch push for a presidential primary victory in a place he represented for 20 years.
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Edward DeMarco, acting director of the Federal Housing Finance Agency, was back on Capitol Hill this week explaining to lawmakers why he can’t -- or won’t -- allow mortgage giants Fannie Mae and Freddie Mac to forgive the debts of homeowners at risk of defaulting on their loans.
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Fannie Mae, the biggest backer of U.S. home loans, reported a $2.4 billion net loss for the fourth quarter and sought nearly $4.6 billion from the Treasury Department to balance its books.
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The Federal Reserve said it’s conducting tri-party reverse repurchase agreements with additional counterparties as policy makers prepare for the eventual withdrawal of monetary stimulus.
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Tom Toomey, chief executive officer of real estate investment firm UDR Inc., is betting the best rental deal in Manhattan is owning the whole building.
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The following issue is being redeemed via the company's call option:
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