Freddie Mac

News

1. US 30-Year Mortgage Rate at 2-Year High: 4.46 Pct.

   Thu, 27 Jun 2013

   Federal Reserve's comments about possibly reducing its bond purchases are already affecting consumers. Mortgage buyer Freddie Mac said Thursday that the average on the 30-year loan jumped to 4.46 percent. That's up from 3.93 percent last
2. US 30-Year Mortgage Rate at 2-Year High: 4.46 Pct.

   Thu, 27 Jun 2013

   Federal Reserve's comments about possibly reducing its bond purchases are already affecting consumers. Mortgage buyer Freddie Mac says the average on the 30-year loan jumped to 4.46 percent. That's up from 3.93 percent last week and is the
3. Senators Propose Overhaul of Housing Finance

   Tue, 25 Jun 2013

   gradually dissolves Fannie Mae and Freddie Mac , the two government-sponsored financial crisis when Fannie and Freddie were nationalized and bailed out private capital is used up. Fannie and Freddie currently own or guarantee half of
4. Rising US Wealth Doesn't Generate Spending Surge

   Sun, 23 Jun 2013

   to take cash out of their home equity to splurge on goods the way Americans did in the mid-2000s. Mortgage giant Freddie Mac says homeowners took out just $8.1 billion in cash when they refinanced mortgages in the first three months of
5. Rising US Wealth Doesn't Generate Spending Surge

   Fri, 21 Jun 2013

   to take cash out of their home equity to splurge on goods the way Americans did in the mid-2000s. Mortgage giant Freddie Mac says homeowners took out just $8.1 billion in cash when they refinanced mortgages in the first three months of
6. Average US Rate on 30-Year Mortgage at 3.93 Pct.

   Thu, 20 Jun 2013

   98 3.98 3.31 15-year fixed 3.04 3.10 3.10 2.56 5-year adjustable 2.79 2.79 2.79 2.56 1-year adjustable 2.57 2.58 2.74 2.52 All values in percentage points Source: Freddie Mac Primary Mortgage Market Survey
7. How Higher Rates Touch Consumers, Firms, Investors

   Thu, 20 Jun 2013

   mortgage jumped from a record low of 3.31 percent in November to 3.98 percent last week, according to mortgage giant Freddie Mac . That's the highest level in more than a year. Mortgage applications fell 3.3 percent last week, according to the

Videos

1. 
   Gingrich Took Money From Freddie Mac ?

   Wed, 16 Nov 2011

   taking money from housing giant Freddie Mac which ended up requiring billions Government backed mortgage company Freddie Mac was at the center of the financial leading up to the financial crisis. Freddie Mac paid Newt Gingrich nearly two million

   Freddie Mac found at 0:13

   the pack. -- had to answer for taking money from housing giant Freddie Mac which ended up requiring billions in taxpayer bailout. Here's ABC's Jon Karl. Government backed mortgage company Freddie Mac was at the center of the financial crisis receiving more bailout money by far in. Any of the bank's. And today we learned in the years leading up to the financial crisis. Freddie Mac paid Newt Gingrich nearly two million dollars pleaded no lobbying of any time period. -- -- offers advice as an historian. Sounds like a lot more than -- story. Welcome to the speaker of the house and strategic advisor I was approach offers strategic advice let for strategic advice. Gingrich has also been glad to slam Freddie Mac on numerous occasions. Blaming it for making too many -- won't leading to the housing bubble which almost quit the economy. -- last election Gingrich hammered Barack Obama for taking campaign contributions from people who worked at Freddie Mac . And in a recent debate he went further -- -- saying that prominent Democrats should be. Jailed for their ties to Freddie Mac if you want to put people in jail on a second what Michelle said he ought to start -- Barney Frank and Chris Dodd. So why Frank's case go back and look at the lobbyists is close to -- -- -- Freddie Mac Gingrich has worked for Freddie Mac drew a harsh attack today from one of his rivals he took money. -- also influence senior Republicans. To be favorable -- Fannie and Freddie . Gingrich was on Freddie -- payroll for eight years beginning in 1999. Leaves and tried to warn them they were making too many risky loan was as I said -- at the time this is a bubble this is insane. This is impossible but sources familiar with Gingrich -- worked for Freddie Mac say they don't recall him ever saying anything like that. They say he was hired for one reason and one reason only
2. 
   Freddie Mac Investments Under Scrutiny

   Mon, 30 Jan 2012

   Jim model has the story. When Freddie Mac nearly went bankrupt American taxpayers average save 500 dollars a month but Freddie Mac . The government run mortgage giant them angry because it turns out Freddie Mac is making money from homeowners

   Freddie Mac found at 0:20

   against some of those homeowners. ABC's Jim model has the story. When Freddie Mac nearly went bankrupt American taxpayers bailed them out. But when -- and Bonnie Silverstein. Like many American -- asked to refinance their Bob market 7% interest rate on their Philadelphia home the answer was no that's put us in financial jail if they could reduce that rate to 4% of the current average -- save 500 dollars a month but Freddie Mac . The government run mortgage giant that supposed to make it easier to own -- home. Won't let them -- finance it just. Flies in the face of common sense and it makes them angry because it turns out Freddie Mac is making money from homeowners like the Silverstein its. By keeping them stuck in higher interest loans. A joint investigation by national public radio and pro public -- found at Freddie Mac has invested billions of its own money. In securities that will lose money if homeowners are allowed to lower their interest rates when homeowner refinances Freddie Mac now -- legal but critics call it a clear conflict of interest. What you're doing is telling homeowners -- I'm gonna stop you from refinancing. And it's going to be profitable for my portfolio is it. Fair to say that they set the house rules and then they -- one bond trader said to us it's like. Betting on this Super Bowl and then shooting Tom Brady in the ankle. Freddie Mac says there's a wall between the people investing -- money. And the people making credit decisions. And while they won't comment on the alleged conflict the company points out. That refinancing. Makes up 80% of its business the silver stings are among the 20% still paying the higher rate though. And making Freddie Mac more money. Jim Avila ABC news New York.
3. 
   Fannie Mae, Freddie Mac Execs Accused of Fraud

   Fri, 16 Dec 2011

   mortgage bosses from Fannie Mae and Freddie Mac stand accused of civil fraud by mortgage giants Fannie Mae and Freddie Mac were sued by the SEC. Accused Fannie Mae. Investigation into Freddie Mac is over no criminal charges ever

   Freddie Mac found at 0:20, 0:57

   tonight. Five men one woman millionaire mortgage bosses from Fannie Mae and Freddie Mac stand accused of civil fraud by the US government. ABC's Cecilia Vega tells us why investigators named them first of what took

   until today. These six former executives at mortgage giants Fannie Mae and Freddie Mac were sued by the SEC. Accused of misstatements and half truths hiding just how many of those risky sub prime mortgages they were holding. In some cases by hundreds of billions of dollars. When the house of cards collapsed the pain rippled through the economy. Millions lost their homes and taxpayers had to come up with a 160 billion dollars to bail out Fannie and Freddie . Many families lost at all. I was collecting unemployment the unemployment just wasn't an office in just one year Daniel Mudd earned nearly eleven million dollars -- CEO of Fannie and Richard Syron earned more than eighteen million and CEO of Freddie . They put out statements today denying the charges the SEC's theory and approach are fatally flawed siren wrote. The six executives could face millions in fines but they do not face jail time only the Justice Department can bring criminal charges. We're getting a civil settlement and some money sloshing around. But not that real sense of justice and certainly not big knowledge -- that we feels a country we deserved to receive -- to hold individuals accountable for what they did. And Fannie and Freddie themselves are also off the hook the SEC agreed today it will not -- the mortgage giants. As for those criminal charges the Justice Department says it is still investigating Fannie Mae. Investigation into Freddie Mac is over no criminal charges ever filed.
4. 
   Will Freddie Mac Contract Hurt Newt Gingrich?

   Thu, 17 Nov 2011

   where is today but but but how damaging could this of scrutiny of his business interest be. He described his work for Freddie Mac classic of course is the failed mortgage giant that so many conservatives As and storing things and historian for them

   Freddie Mac found at 0:33

   of scrutiny of his business interest be. He described his work for Freddie Mac classic of course is the failed mortgage giant that so many conservatives -- As and storing things and historian for them and
5. 
   Fannie May and Freddie Mac Get Some Help

   Mon, 14 Jul 2008

   Paulson announced plans Sunday to bolster Fannie Mae and Freddie Mac which either hold or back about half the outstanding mortgages in the United States. Fannie Mae and Freddie Mac . Play a central role in our housing finance system and

   Freddie Mac found at 0:08

   Treasury Secretary Henry Paulson announced plans Sunday to bolster Fannie Mae and Freddie Mac which either hold or back about half the outstanding mortgages in the United States. Fannie Mae and Freddie Mac . Play a central role in our housing finance system and must continue to do so in their current form and shareholder owned
6. 
   Newt Gingich's Comeback Raises New Questions

   Thu, 17 Nov 2011

   received from failed mortgage company Freddie Mac None but won't Gingrich appears favorable toward Fannie Freddie . Freddie Mac meet so many risky loans during lobbyists is close to admit that. That Freddie Mac . Now it turns out that for eight

   Freddie Mac found at 0:39

   say when asked about the money he received from failed mortgage company Freddie Mac -- None but won't Gingrich appears -- interest in discussing his role his opponents aren't. Michelle Bachmann lashed out yesterday accusing Gingrich of quote. Chilling for the company responsible for the financial crisis. The point is is that he took money. -- also influence senior Republicans. To be favorable toward Fannie Freddie . Freddie Mac meet so many risky loans during the real estate bubble. That it needed a taxpayer bailout in 2008 a 54 billion dollars. A much bigger bailout than any of the banks and -- just last month Gingrich suggested top Democrats should be thrown in jail because of their ties to Freddie . If you wanna put people in jail -- a second what Michelle said he ought to start when Barney Frank and Chris Dodd Barney Frank's case go -- and look at the lobbyists is close to admit that. That Freddie Mac . Now it turns out that for eight years beginning in 1999. Freddie Mac -- Gingrich nearly two million dollars as a consultant. Gingrich said on the mark Libyan radio show last night it was a
7. 
   Weak Foundation

   Sat, 12 Jul 2008

   mortgage giants Fannie Mae and Freddie Mac and how will it affect Wall Street it. Most often to Fannie Mae or Freddie Mac . If Fannie and Freddie were to it happen. Both Fannie Mae and Freddie Mac plays such a vital role in the

   Freddie Mac found at 0:11, 1:51

   in response to the troubled state. A mortgage giants Fannie Mae and Freddie Mac and how will it affect Wall Street how would affect main street. ABC's Betsy Stark is here with me now. With more good morning that's good morning Kate we know in financial circles they're known simply as Fannie and Freddie and as one analyst said to me it's impossible to overstate their impact on the US housing market and take a look at the beating they took. For the day Fannie Mae down 22%. For the week -- down 45%. Freddie down 46%. And for the year -- both down around 85%. Ouch these two giants don't actually make loans but they own or guarantee almost half the mortgages in the United States. And without them mortgage lending housing market and borrowing of all kinds would be in apparel. Fannie and Freddie are private companies but with deep ties to the government -- was created during the depression is part of the new deal

   far worse far worse. Even if you haven't heard of Fannie and Freddie there's a good chance if you're a homeowner failure loan. Here's how it works after a bank gives you a mortgage it often packages it with other mortgages and sells it. Most often to Fannie Mae or Freddie Mac . If Fannie and Freddie were to fail. Analysts say mortgage rates would solve our mortgage lending would grind to a halt. And borrowers of all kinds would pay higher rates sinking the economy into an even deeper downturn. That's why most analysts believe the government would never let it happen. Both Fannie Mae and Freddie Mac plays such a vital role in the mortgage market that they are essentially too big to fail. Government official tried to shore up confidence in Fannie and Freddie senator Chris Dodd saying there is no crisis and no bailout is necessary to. These institutions are in sound shape here at