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Federal Home Loan Mortgage Corp

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  • Business events scheduled for the coming month Friday, 30 Jan 2015 | 1:35 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for December, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for January, 10 a.m.; Commerce Department releases construction spending for December, 10 a.m.. WASHINGTON— Commerce Department releases factory orders for December, 10 a.m.. TOKYO— Panasonic...

  • Business events scheduled for the coming week Friday, 30 Jan 2015 | 1:33 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for December, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for January, 10 a.m.; Commerce Department releases construction spending for December, 10 a.m.. WASHINGTON— Commerce Department releases factory orders for December, 10 a.m.. TOKYO— Panasonic...

  • Business events scheduled for the coming week Thursday, 29 Jan 2015 | 1:37 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for December, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for January, 10 a.m. Eastern; Commerce Department releases construction spending for December, 10 a.m.. WASHINGTON— Commerce Department releases factory orders for December, 10 a.m..

  • Average US rate on 30-year mortgage rises to 3.66 pct. Thursday, 29 Jan 2015 | 10:18 AM ET

    WASHINGTON— Average long-term U.S. mortgage rates rose slightly this week after four straight weeks of declines, while remaining near historically low levels. Mortgage company Freddie Mac said Thursday the nationwide average for a 30- year mortgage edged up to 3.66 percent from 3.63 percent last week. On Tuesday, the Commerce Department reported that sales...

  • US pending home sales tumble in December Thursday, 29 Jan 2015 | 10:01 AM ET

    The National Association of Realtors said Thursday that its seasonally adjusted pending home sales index fell 3.7 percent last month to 100.7. "he trend in home sales is probably still up," O'Sullivan said, noting that more people identified "now" as a good time to buy a house in the University of Michigan consumer sentiment survey. Lackluster wage growth and...

  • WASHINGTON, Jan 27- The top U.S. housing regulator on Tuesday said his agency would make a decision by the end of this quarter on fees Fannie Mae and Freddie Mac charge lenders for guaranteeing mortgages. The mortgage industry has been awaiting a final decision by Federal Housing Finance Agency Director Mel Watt. Speaking before his former colleagues on the...

  • US new home sales jump 11.6 percent in December Tuesday, 27 Jan 2015 | 10:11 AM ET

    The Commerce Department said Tuesday that new home sales climbed 11.6 percent last month to a seasonally adjusted annual rate of 481,000. The gains were not enough to offset essentially flat home-buying over the course of 2014. Just 435,000 new homes were bought last year, a modest 1.2 percent improvement from 2013.. "We may see continued momentum in new home...

  • US home price gains slow in November on weaker sales Tuesday, 27 Jan 2015 | 9:04 AM ET

    WASHINGTON— U.S. home prices rose at a modest pace in November, held back by weaker sales and a limited number of houses for sale. The Standard& Poor's/Case-Shiller 20- city home price index, released Tuesday, increased 4.3 percent in November from 12 months earlier. Lower mortgage rates, healthy hiring, and lower down payment requirements from mortgage giants...

  • Ahead of the Bell: US new home sales Tuesday, 27 Jan 2015 | 6:17 AM ET

    WASHINGTON— The Commerce Department reports on sales of new homes in December. HIGHER SALES: Economists expect a 2.7 percent increase in new-home sales to a seasonally adjusted annual rate of 450,000, according to a survey by data firm FactSet. The National Association of Home Builders/Wells Fargo builder sentiment index fell slightly this month to 57, down...

  • US home sales rise in December Friday, 23 Jan 2015 | 10:01 AM ET

    WASHINGTON— More Americans purchased homes in December, yet total sales slipped in 2014 as first-time buyers struggled to find houses. The National Association of Realtors said Friday that sales of existing homes rose 2.4 percent last month to a seasonally adjusted annual rate of 5.04 million. "Sales will increase throughout 2015 as potential buyers feel...

  • Ahead of the Bell: US home sales Friday, 23 Jan 2015 | 6:34 AM ET

    WASHINGTON— The National Association of Realtors reports on sales of existing homes in December. The report is scheduled to be released Friday at 10 a.m. Eastern. SALES GROWTH: Economists forecast that sales rose 2.4 percent to a seasonally adjusted annual rate of 5.05 million homes last month, according to a survey by data firm FactSet.

  • Average rate on 30-year mortgage falls to 3.63 pct. Thursday, 22 Jan 2015 | 11:29 AM ET

    WASHINGTON— Average long-term U.S. mortgage rates fell for the fourth straight week, with the benchmark 30- year rate again marking its lowest level since May 2013. The average for a 15- year mortgage, a popular choice for people who are refinancing, slipped further below 3 percent. Mortgage company Freddie Mac said Thursday the nationwide average for a 30- year...

  • BOSTON, Jan 16- Eric Mindich's $8.5 billion hedge fund, Eton Park Capital Management, is now ready to pick through the debt of beaten-up energy companies, an area it avoided last year as the price of oil tumbled. Eton Park dropped mortgage companies Fannie Mae and Freddie Mac with a big profit before a U.S. judge threw out a lawsuit filed by shareholders to prevent the...

  • WASHINGTON, Jan 14- Fannie Mae and Freddie Mac's regulator hinted on Wednesday that credit standards could be eased when it laid out the 2015 goals for U.S. mortgage companies. It also called on Fannie Mae and Freddie Mac to provide clarity on what is expected from mortgage loan servicers and to "enhance eligibility standards." Under Watt's leadership, the FHFA...

  • WASHINGTON, Jan 7- The Federal Housing Administration will reduce annual mortgage insurance premiums by 0.5 percentage point to 0.85 percent from 1.35 percent, the White House said on Wednesday. In a statement, the White House said the move was part of President Obama' s efforts "to expand responsible lending to creditworthy borrowers." The administration also...

  • The part-nationalised bank, which had set aside 1.9 billion pounds to deal with the claims, could be asked by the Federal Housing Finance Agency to pay settlements of more than 5 billion pounds over the sale of about $32 billion of mortgage-backed debt in the United States, the report said. The federal court in Connecticut is handling a second case which...

  • LONDON, Jan 2- Royal Bank of Scotland could have to pay higher than expected fines to cover the cost of involvement in the mis-selling of U.S. mortgage-backed securities, The Times reported on Friday, pushing RBS shares lower. The part-nationalised bank, which had set aside 1.9 billion pounds to deal with the claims, could be asked by the Federal Housing Finance...

  • Dec 23- Mortgage insurer Radian Group Inc said it would sell its bond guaranty business to Assured Guaranty Ltd for $810 million to focus on mortgages and real estate and comply with proposed changes to rules governing private mortgage insurers. The U.S. Federal Housing Finance Agency has proposed rules to tighten capital requirements for private insurers...

  • Dec 17- A former executive of Countrywide Financial, who led a jury to find parent company Bank of America Corp liable for fraud over shoddy mortgages the company sold, will receive a $57 million award for another whistleblower case against his former employer, according to federal court documents. Bank of America acquired Countrywide for $4 billion in 2008,...

  • WASHINGTON, Dec 16- America's government-controlled mortgage finance giants, Fannie Mae and Freddie Mac, will likely guarantee a shrinking share of new loans over the next decade, congressional analysts said on Tuesday. During the 2007-09 financial crisis, it was almost impossible for home buyers to get a loan without a government guarantee, and Fannie Mae and...