Freddie Mac

Freddie Mac News

• Lew Says He Learned IRS Inquiry Details Last Week (Transcript)

  Treasury Secretary Jacob J. Lew said in an interview with Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that he was briefed in March on an investigation of selective IRS screening of nonprofit groups though he didn’t learn details of the findings until last week.

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  American Capital Fights Fed Exit Worry as Investors Flee

  Gary Kain built American Capital Agency Corp. into the fastest growing real estate investment trust as the Federal Reserve pushed borrowing costs to record lows. Now he’s trying to persuade investors to stay with him as he navigates the central bank’s retreat.

• Redwood Sells $424 Million of Mortgage Bonds at Wider Spreads

  Redwood Trust Inc. sold $424 million of bonds tied to new U.S. home loans without government backing at wider relative yields as issuance soars this year.

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  Mortgage Rates in U.S. Rise to Highest Level in Six Weeks

  U.S. mortgage rates rose, pushing borrowing costs for a 30-year loan to the highest in six weeks.

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  From Brooklyn to California, Housing Bubble Threat Grows

  Just a year since the U.S. housing market hit bottom after the biggest plunge in eight decades, signs of excess are re-emerging.

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  Housing Starts in U.S. Fell in April to Five-Month Low

  Starts of new U.S. homes fell more than forecast in April to a five-month low, indicating a pause in the industry’s progress as builders slowed work on apartments. Building permits surged to an almost five-year high.

• Housing Starts in U.S. Probably Fell From Almost Five-Year High

  Housing starts in the U.S. probably fell in April from an almost five-year high, indicating a pause in the industry’s progress as builders slowed work on apartment buildings, economists said before a report today.

• U.S. Halts Bond Sales to Municipalities to Avoid Debt Limit

  The U.S. Treasury Department suspended sales of securities to local and state governments, the first of several steps it can take to keep funding the government without breaching the nation’s debt limit.

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  S&P 500 Extends Record High While Euro Slumps on Economy

  Stocks rose, sending the Standard & Poor’s 500 Index to another record, as weakness in manufacturing and a drop in wholesale inflation fueled bets the Federal Reserve will be in no rush to scale back stimulus. The euro slid as the region’s recession deepened.

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  Homebuilder Confidence in U.S. Climbs as Outlook Improves

  Confidence among U.S. homebuilders improved in May for the first time in five months as buyers rush to take advantage of near record-low mortgage rates.

Freddie Mac Photos

Quote

• "Not surprisingly the strong rebound in the housing market of which we're all aware continued to be reflected in our excellent financial performance in the first quarter."

  - Freddie Mac on May 08, 2013

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