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Federal Home Loan Mortgage Corp

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  • Average US rate on 30-year mortgage slips to 3.84 percent Thursday, 21 May 2015 | 10:15 AM ET

    WASHINGTON— Average long-term U.S. mortgage rates edged slightly lower this week after rising for three straight weeks. Mortgage giant Freddie Mac said Thursday the average rate on a 30- year fixed-rate mortgage ticked down to 3.84 percent this week from 3.85 percent a week earlier. The National Association of Realtors said sales of existing homes fell 3.3...

  • US home sales slide in April amid listing shortage Thursday, 21 May 2015 | 10:02 AM ET

    WASHINGTON— Sales of existing U.S. homes slipped in April due mainly to relatively few listings and rising prices, providing evidence of the housing sector's uneven recovery. The National Association of Realtors said Thursday that sales of existing homes fell 3.3 percent to a seasonally adjusted annual rate of 5.04 million. April marked the second straight...

  • Ahead of the Bell: US Home Sales Thursday, 21 May 2015 | 6:08 AM ET

    WASHINGTON— The National Association of Realtors reports on April sales of existing homes Thursday at 10 a.m. Eastern. SLIGHT UPTICK: Economists expect that sales rose 0.6 percent to a seasonally adjusted annual rate of 5.22 million homes, according to a survey by data firm FactSet. Nearly 17 percent of mortgage holders were underwater at the end of 2014,...

  • Renters appear more satisfied in many pricey US cities Thursday, 21 May 2015 | 12:02 AM ET

    WASHINGTON— High rents are worth it. At least that's the sentiment of apartment dwellers in New York, San Francisco and Washington, who say they're more satisfied living in those cities than do renters in far more affordable areas such as Milwaukee, Albuquerque and Detroit. The finding comes from a survey released Thursday by Apartment List, a San Francisco- based...

  • Non-bank lenders and loan servicers will need to do so as of Dec. 31 to work with Fannie Mae and Freddie Mac, which provide the capital for most new U.S. mortgages. Taxpayers bailed out Fannie Mae and Freddie Mac in 2008 during a severe recession and housing market implosion, and the new rules aim to limit the companies' exposure to under-capitalized counterparties.

  • Ahead of the Bell: US home construction Tuesday, 19 May 2015 | 6:19 AM ET

    WASHINGTON— The Commerce Department reports on April U.S. home construction Tuesday at 8:30 a.m. Eastern. Sales of existing homes jumped 6.1 percent in March to a seasonally adjusted annual rate of 5.19 million, the National Association of Realtors said last month. The National Association of Home Builders/Wells Fargo builder sentiment index released...

  • NEW YORK, May 15- A U.S. judge on Friday ordered Nomura Holdings Inc and Royal Bank of Scotland Group Plc to pay a collective $806 million for making false statements in selling mortgage-backed securities to Fannie Mae and Freddie Mac. Under the order, Fannie Mae will receive $26.6 million while Freddie Mac will be paid $779.4 million by the two firms.

  • NEW YORK, May 15- A U.S. judge on Friday ordered Nomura Holdings Inc and Royal Bank of Scotland Group Plc to pay a collective $806 million for making false statements in selling mortgage-backed securities to Fannie Mae and Freddie Mac.

  • Average U.S. long-term rates rose for the third straight week, mortgage giant Freddie Mac reported Thursday.

  • Business events scheduled for the coming week Thursday, 14 May 2015 | 1:48 PM ET

    WASHINGTON— National Association of Home Builders releases housing market index for May, 10 a.m.. WASHINGTON— Commerce Department releases housing starts for April, 8:30 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; National Association of Realtors releases existing home sales for April, 10 a.m.; Freddie Mac, the mortgage...

  • WASHINGTON— Average long-term U.S. mortgage rates are up for the third straight week. Mortgage giant Freddie Mac says the average rate on a 30- year fixed-rate mortgage rose to 3.85 percent this week from 3.80 percent a week earlier. To calculate average mortgage rates, Freddie Mac surveys lenders across the country at the beginning of each week.

  • Senate Banking Committee chairman Richard Shelby of Alabama published long-awaited details of the Financial Regulatory Improvement Act of 2015, listing proposals that would lighten compliance burdens for small financial firms and enforce more transparency at the central bank and the financial stability council. But the committee's top Democrat,...

  • NEW YORK, May 12- A U.S. judge's ruling that Nomura Holdings Inc and Royal Bank of Scotland Group Plc made false statements selling mortgage-backed securities to Fannie Mae and Freddie Mac could result in a judgment exceeding $805 million, a U.S. regulator's lawyer said on Tuesday. Philippe Selendy, a lawyer for the Federal Housing Finance Agency, gave his...

  • WASHINGTON, May 12- A draft Republican bill in the U.S. Senate takes aim at bank rules and insurance regulations, also limiting restrictions on mortgage requirements and proposes restructuring the Federal Reserve and other financial regulators. The 216- page, eight section report released on Tuesday was crafted by the staff of Senator Richard Shelby of...

  • Twists in bond market drive key rate to 5-month high Tuesday, 12 May 2015 | 12:14 PM ET

    NEW YORK— A key borrowing rate shot to a five-month high Tuesday, as traders around the world continued to sell big government bonds. The selling started last month in Europe, according to traders, and has since spilled into U.S. markets. "What's really going on is an overseas market is hitting the U.S. market," said Guy LeBas, chief fixed-income strategist at Janney...

  • "People need to see more money in their paychecks before they'll take the plunge into homeownership," said Greg McBride, chief financial analyst at Bankrate. Amy Arnold and her husband began looking at listings in Denver late last year. For now, the couple has decided to keep renting a two-bedroom, one-bath house for $1,300 a month, hoping to have more money and find a...

  • NEW YORK, May 11- A U.S. judge on Monday ruled that Nomura Holdings Inc made false statements in selling mortgage-backed securities to Fannie Mae and Freddie Mac ahead of the 2008 financial crisis. District Judge Denise Cote in Manhattan ruled for the Federal Housing Finance Agency, the conservator for Fannie Mae and Freddie Mac, in a ruling that could allow the...

  • NEW YORK, May 11- A federal judge on Monday ruled that Nomura Holdings Inc misled Fannie Mae and Freddie Mac by making false statements about the quality of mortgages that backed securities it sold. District Judge Denise Cote in Manhattan ruled in favor of the Federal Housing Finance Agency, the conservator for Fannie Mae and Freddie Mac, following a non-jury...

  • WASHINGTON, May 8- Fannie Mae and Freddie Mac's regulator on Friday extended for another year the mortgage finance firms' participation in the U.S. government's main foreclosure prevention programs. The decision, announced by Federal Housing Finance Agency Director Mel Watt, extends the Home Affordable Mortgage Program and the Home Affordable Refinance...

  • May 7- Government-controlled mortgage financier Fannie Mae said on Thursday it will pay a dividend of $1.8 billion to the U.S. While the payment will push taxpayers further into the black on their bailout of the firm, it will be Fannie Mae's smallest dividend payment since the first quarter of 2010, when it was required to cut a check even as it was drawing bailout...