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Freddie Mac (FMCC) said both its single-family seriously delinquent rate and multifamily delinquency rate fell in April from March.The mortgage-finance company's single-family seriously delinquent rate declined to 2.91% last month from 3.03% in March. The multifamily delinquency rate in April was 0.09%, down from 0.16% in the prior month.The company said its total mortgage portfolio increased at an annualized rate of 0.6% in April.Freddie Mac and sister company Fannie Mae (FNMA) don't lend to consumers; rather, they buy and guarantee mortgages, package and sell them as securities to investors. The companies were put into conservatorship in 2008 at the height of the financial crisis as losses on home loans surged.The two companies had repeatedly relied on government aid to stay afloat until recently, thanks to rising home prices over the past year.In April, Freddie Mac said its single-family seriously delinquent rate fell in March from February, while the multifamily delinquency rate wa...
U.S. home prices rose again in March, pointing to continued support for economic growth from the housing industry.Home prices increased 1.3% in March from February o...
U.S. home prices rose a seasonally adjusted 1.3% in March, and prices grew 6.7% in the first quarter from the same period of 2012, the Federal Housing Finance Agency...
Mortgage-backed securities issued by Fannie Mae and Freddie Mac plunged on Wednesday after Federal Reserve Chairman Ben Bernanke left open the possibility the centra...
"They offload Apple's tax burden onto other taxpayers – in particular, onto working families and small businesses. The lost tax revenue feeds a budget deficit that h...
Dear Dr. Don,I recently purchased a new home with a 30-year mortgage fixed at 3.375%. I hate the idea of paying for a home for 30 years, not to mention the added int...
Mortgages are tricky and often hard to understand. Because most people only purchase a home every five to seven years, prospective home buyers understandably don't s...
FBN's Adam Shapiro breaks down mid-afternoon market
Housing, particularly new home construction, will be the driver for new jobs to boost economic recovery, mortgage-finance company Freddie Mac (FMCC) said in its late...
Housing, particularly new home construction, will be the driver for new jobs to boost economic recovery, mortgage-finance company Freddie Mac (FMCC) said in its late...
The 30-year fixed-rate mortgage rose to 3.51% in the week ending May 16, up from 3.42% in the prior week, Freddie Mac said Thursday in its weekly report. A year ago,...
The U.S. Treasury on Wednesday announced the first of a potential series of emergency cash measures to allow the government to keep paying the nation's bills once a ...
The Congressional Budget Office said Tuesday the federal deficit is expected to shrink to $642 billion in the fiscal year that ends Sept. 30, down sharply from last ...
Morgan Stanley Chief Financial Officer Ruth Porat and Yale professor Robert Shilling were among the individuals to discuss housing finance at a dinner with Treasury ...
FBN's Jo Ling Kent breaks down late-morning market news.
Average mortgage rates in the U.S. rose for the third consecutive week, potentially slowing some refinancing momentum, according to mortgage-finance company Freddie ...
New-home sales increased in April, while prices hit a record high, the latest signs of a stronger housing market as the spring selling season gets underway.Sales of ...
Average mortgage rates in the U.S. rose for the third consecutive week, potentially slowing some refinancing momentum, according to mortgage-finance company Freddie ...
Mortgage rates rose for the third straight week, Freddie Mac reported Thursday. The 30-year fixed-rate mortgage averaged 3.59% with an average 0.7 point for the week...
U.S. home prices rose again in March, pointing to continued support for economic growth from the housing industry.Home prices increased 1.3% in March from February o...
