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Federal Home Loan Mortgage Corp

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  • Business events scheduled for the coming month Friday, 24 Apr 2015 | 1:33 PM ET

    WASHINGTON— Institute for Supply Management releases its manufacturing index for April, 10 a.m.; Commerce Department releases construction spending for March, 10 a.m.. WASHINGTON— Commerce Department releases international trade data for March, 8:30 a.m.; Institute for Supply Management releases its service sector index for April, 10 a.m..

  • Business events scheduled for the coming week Thursday, 23 Apr 2015 | 1:43 PM ET

    Restaurant Brands International Inc. reports quarterly financial results before the market opens. WASHINGTON— Standard& Poor's releases S&P/Case-Shiller index of home prices for February, 9 a.m.; The Conference Board releases the Consumer Confidence Index for April, 10 a.m.; Federal Reserve policymakers meet to set interest rates. WASHINGTON— Commerce...

  • Average US rate on 30-year mortgage slips to 3.65 percent Thursday, 23 Apr 2015 | 10:06 AM ET

    WASHINGTON— Average long-term U.S. mortgage rates are down slightly this week and remain near historic lows. Mortgage giant Freddie Mac says the national average for a 30- year fixed- rate mortgage slipped to 3.65 percent from 3.67 percent last week. To calculate average mortgage rates, Freddie Mac surveys lenders across the country at the beginning of each...

  • US new-home sales collapse in March Thursday, 23 Apr 2015 | 10:03 AM ET

    The Commerce Department said Thursday that new-home sales fell 11.4 percent last month to a seasonally adjusted annual rate of 481,000. This marks a swift reversal from an annual sales pace of 543,000 in February, which had been the strongest performance in seven years. "The pace is sluggish, but the trend in new home sales is still higher, said Jennifer Lee, a...

  • Ahead of the Bell: US new-home sales Thursday, 23 Apr 2015 | 6:34 AM ET

    WASHINGTON— The Commerce Department reports on March sales of new homes Thursday at 10 a.m. Eastern. Building permits for homes fell 5.7 percent in March from February to an annual rate of 1.04 million, the Commerce Department reported last week. The National Association of Home Builders/Wells Fargo builder sentiment index increased four points to 56 in April.

  • NEW YORK, April 22- Bank of America Corp on Wednesday asked a federal appeals court to toss a $1.27 billion penalty imposed in a mortgage fraud case, and in a rare move asked that the prominent Manhattan judge who oversaw its trial be replaced if the case were to continue. Bank of America spokesman Lawrence Grayson declined to comment. Rakoff imposed the civil...

  • Business events scheduled for Thursday Wednesday, 22 Apr 2015 | 1:57 PM ET

    WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m. Eastern time. WASHINGTON— Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m.. WASHINGTON— Commerce Department releases new home sales for March, 10 a.m..

  • WASHINGTON— U.S. home sales bloomed in March after a brutal winter, a sign of possible newfound momentum for housing. Sales of existing homes jumped 6.1 percent last month to a seasonally adjusted annual rate of 5.19 million, the National Association of Realtors said Wednesday. "We may be seeing the beginning of things getting close to what we would call a normal...

  • Ahead of the Bell: US home sales Wednesday, 22 Apr 2015 | 7:06 AM ET

    WASHINGTON— The National Association of Realtors reports on March sales of existing homes Wednesday at 10 a.m. Eastern. RISING SALES: Economists believe that sales rose 3.1 percent to a seasonally adjusted annual rate of 5.03 million homes, according to a survey by data firm FactSet. Redfin found that the majority of homes in San Francisco sold for more than $1...

  • WASHINGTON, April 17- The regulator of Fannie Mae and Freddie Mac has directed the U.S. housing finance firms to tweak their structure for guarantee fees but said the changes would be "revenue neutral," after launching a review to consider whether to alter the program. The Federal Housing Finance Agency said on Friday that Fannie and Freddie will lower guarantee...

  • Fannie, Freddie to lower fees for riskier borrowers Friday, 17 Apr 2015 | 4:15 PM ET

    WASHINGTON, April 17- The regulator of Fannie Mae and Freddie Mac has directed the U.S. housing finance firms to cut mortgage fees for riskier borrowers, the agency said on Friday.

  • WASHINGTON— Average long-term U.S. mortgage rates rose slightly this week but remained close to historically low levels with the spring home-buying season underway. Mortgage giant Freddie Mac said Thursday the national average for a 30- year fixed-rate mortgage edged up to 3.67 percent from 3.66 percent last week. Construction firms broke ground at a...

  • US home construction off to weak March start Thursday, 16 Apr 2015 | 8:36 AM ET

    WASHINGTON— U.S. homebuilders opened the spring buying season in March at a slower pace than last year, a warning that recent hiring gains have failed to translate into a stronger real estate market. Construction firms broke ground at a seasonally adjusted annual rate of 926,000 homes last month, a 2.5 percent decline from the pace in March 2014, the Commerce...

  • Ahead of the Bell: US home construction Thursday, 16 Apr 2015 | 6:28 AM ET

    WASHINGTON— The Commerce Department reports on March U.S. home construction Thursday at 8:30 a.m. Eastern. Builders broke ground on 341,700 multi-family structures last year, a 16 percent increase compared with 2013, according to the Commerce Department. That reflects both the fragile six-year recovery and the growing preference among...

  • Business events scheduled for Thursday Wednesday, 15 Apr 2015 | 1:26 PM ET

    WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.. WASHINGTON— Commerce Department releases housing starts for March, 8:30 a.m.. WASHINGTON— Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m..

  • NEW YORK, April 14- Former Freddie Mac Chief Executive Officer Richard Syron and two other executives have agreed to settle a lawsuit by the U.S. Securities and Exchange Commission accusing them of misleading investors ahead of the 2008 financial crisis. Like other regulators, the SEC has been criticized for not holding enough top executives liable for...

  • Ex-Freddie Mac executives settle SEC fraud lawsuit Tuesday, 14 Apr 2015 | 1:30 PM ET

    NEW YORK, April 14- Former Freddie Mac Chief Executive Officer Richard Syron and two other one-time executives have reached a settlement in a lawsuit by the U.S. Securities and Exchange Commission accusing them of misleading investors about the company's exposure to risky mortgage loans. The settlement, disclosed in court papers filed in Manhattan federal...

  • April 14- Wells Fargo& Co, the largest U.S. mortgage lender, reported a drop in quarterly profit for the first time in five years as employee costs rose at a time margins are under pressure from low interest rates. Wells Fargo's shares fell 1.6 percent in early trading on Tuesday. Wells Fargo also set aside $608 million to cover bad loans, an increase of about 87 percent...

  • April 14- Wells Fargo& Co, the largest U.S. mortgage lender, reported a better-than-expected quarterly profit as revenue from mortgage banking rose after four quarters of decline. "Our mortgage business was able to serve more customers by refinancing their mortgage loans with lower rates," Wells Fargo Chief Executive John Stumpf said in a statement on Tuesday.

  • NEW YORK, April 9- A lawyer for Nomura Holdings Inc argued on Thursday that a U.S. regulator relied on "voodoo science" to pursue claims that the bank made false statements in selling $2 billion in mortgage-backed securities to Fannie Mae and Freddie Mac. David Tulchin, Nomura's lawyer, urged a Manhattan federal judge to reject the Federal Housing Finance Agency's...