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  • Average US rate on 30-year mortgage falls to 3.78 percent Thursday, 19 Mar 2015 | 10:07 AM ET

    WASHINGTON— Average long-term U.S. mortgage rates fell this week, remaining near historically low levels at the start of the spring home-buying season. Mortgage giant Freddie Mac said Thursday the national average for a 30- year fixed-rate mortgage declined to 3.78 percent from 3.86 percent last week. To calculate average mortgage rates, Freddie Mac surveys...

  • WASHINGTON, March 18- U.S. housing finance companies Fannie Mae and Freddie Mac could require more bailouts from U.S. taxpayers as risks are rising due to shrinking reserves, an internal watchdog for the firms' regulator said on Wednesday. Taxpayers pumped $116.1 billion into Fannie Mae following the U.S. housing market collapse, while Freddie Mac was propped up...

  • NEW YORK, March 16- A U.S. housing regulator urged a federal judge on Monday to award it $1.1 billion due to false claims made about "crap" mortgages underlying securities sold by Nomura Holdings Inc to Fannie Mae and Freddie Mac ahead of the 2008 financial crisis. At the start of a trial in Manhattan federal court, a lawyer for the Federal Housing Finance Agency said...

  • March 9- Fannie Mae said its Chief Risk Officer John Nichols was taking a leave of absence for health reasons.

  • The Home Affordable Refinance Program, set up in 2009 after the housing bubble burst, allows borrowers with loans backed by mortgage finance firms Fannie Mae and Freddie Mac to refinance at lower interest rates even when homes have lost value. "It's highly unlikely that we would extend the coverage period...," Federal Housing Finance Agency Director Mel Watt, whose...

  • Michael Stegman, the counselor to the Treasury's secretary for housing finance policy, advocated for programmatic sales of non-performing loans at Fannie Mae and Freddie Mac and for a faster reduction in the most illiquid assets held by the two government-sponsored enterprises. Fannie Mae, the nation's largest source of mortgage funds, and its sister firm...

  • WASHINGTON, March 5- The top U.S. housing regulator said on Thursday that the Federal Housing Finance Agency has gathered feedback into its Single Security initiative and will offer more details into the structure of the plan in the second quarter of this year. "While the Single Security remains a multi-year initiative, we believe this update report will be a...

  • HOUSING FINANCE REGULATOR SAYS TO PROVIDE MORE DETAILS IN Q2 ABOUT SINGLE MORTGAGE SECURITY UNDER DEVELOPMENT BY FANNIE MAE, FREDDIE MAC.

  • WASHINGTON, March 5- A U.S. Treasury official on Thursday pushed for a faster reduction in the most illiquid assets held by Fannie Mae and Freddie Mac, and said the only way to fix the government-controlled mortgage finance firms was through legislative reform. Fannie Mae, the nation's largest source of mortgage funds, and its sister firm Freddie Mac were bailed...

  • WASHINGTON, March 5- A U.S. Treasury official on Thursday pushed for a faster reduction in the most illiquid assets held by Fannie Mae and Freddie Mac, and said the only way to fix the government-controlled mortgage finance firms was through legislative reform. "The closer the GSEs can come to transferring the majority of risk to private market participants, the...

  • March 2- Mortgage servicer Ocwen Financial Corp said it would sell residential mortgage servicing rights on $45 billion of Fannie Mae loans to an undisclosed buyer, sending its shares up 5.5 percent in extended trading. The announcement comes a week after Ocwen said it would sell servicing rights on $9.8 billion of loans backed by Freddie Mac to Nationstar...

  • Ocwen said on Monday it expected the transaction to close by mid-2015, subject to approvals by Fannie Mae and the U.S. Federal Housing Finance Agency.

  • Feb 20- Government-controlled mortgage financier Fannie Mae said on Friday it would pay a dividend of $1.9 billion to the U.S. While the payment will push taxpayers further into the black on their bailout of Fannie Mae, it will be their smallest dividend since the second quarter of 2010, a reflection of derivatives-related losses that crimped the company's...

  • WASHINGTON, Feb 20- Fannie Mae will make its smallest payment to taxpayers in more than four years years after large derivatives losses crimped its fourth-quarter profit, the government-controlled mortgage financier said on Friday. Fannie Mae will cut the U.S. This will bring Fannie Mae's total payments to taxpayers to $136.4 billion in exchange for $116.1...

  • WASHINGTON, Feb 19- Freddie Mac saw $3.4 billion in quarterly derivative losses due to declining interest rates, the government-controlled mortgage finance company said on Thursday. Freddie Mac also said it will pay $851 million to the U.S. Freddie Mac Chief Executive Officer Donald Layton said a hefty derivative loss could require the company to draw money...

  • Feb 19- Freddie Mac said on Thursday it would pay a dividend of $851 million to the U.S. After the payment, the company will have sent a cumulative $91.8 billion in dividends to the Treasury in return for the $71.3 billion in taxpayer aid it received after the government seized it at the height of the financial crisis. Freddie Mac's sister firm and fellow government...

  • WASHINGTON, Feb 19- Government-controlled mortgage finance firm Freddie Mac said on Thursday that it will pay $851 million to the U.S. Freddie Mac said fourth quarter net income fell by $1.9 billion to $227 million, driven by derivative losses. Freddie Mac said the single-family serious delinquency rate was 1.88 percent as of the end of December, down from 2.39...

  • Freddie Mac paid $19.6 bln to U.S. Treasury in 2014 Thursday, 19 Feb 2015 | 8:26 AM ET

    WASHINGTON, Nov 6- Government-controlled mortgage finance firm Freddie Mac said on Thursday that it paid $19.6 billion to the U.S. Treasury last year and reported a drop in earnings. Freddie Mac said fourth quarter net income fell to $1.9 billion from the previous quarter, driven by a rise in dividend losses from declining long-term interest rates.

  • WASHINGTON, Feb 4- The top U.S. regulator of Fannie Mae and Freddie Mac on Wednesday played down the likelihood of reducing the loan size of homeowners still under water, saying such a move would also have to be a "win" for taxpayers. Any program to help those whose mortgage loan balance is more than their house is worth would be "substantially narrower" than a lot of...

  • U.S. housing regulator downbeat on principal reductions Wednesday, 4 Feb 2015 | 12:00 PM ET

    WASHINGTON, Feb 4- The top U.S. regulator of Fannie Mae and Freddie Mac on Wednesday played down the likelihood of reducing the size of loans of homeowners still under water, saying such a move would also have to be a win for taxpayers. Federal Housing Finance Agency director Mel Watt, a former 20- year Democratic Congressman who has been at the helm of the agency for...