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Stocks Federal Home Loan Mortgage Corp

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  • WASHINGTON, Aug 4- Government-controlled mortgage finance firm Freddie Mac on Tuesday said big gains in its loan guarantee business and its investment portfolio will allow it to cut a check to the U.S. Freddie Mac reported a second-quarter profit of $4.2 billion, sharply up from $524 million in the first quarter. Under the terms of their rescue, Freddie Mac and...

  • WASHINGTON— Mortgage giant Freddie Mac reported net income of $4.2 billion for the second quarter, up sharply from the same period of 2014, as it increased its purchases of home loans and sold off greater volumes of riskier mortgages. The McLean, Virginia, company will pay a dividend of $3.9 billion to the U.S. Freddie will have paid $96.5 billion in dividends,...

  • Goldman Sachs raises range of potential legal costs Monday, 3 Aug 2015 | 1:08 PM ET

    NEW YORK— Goldman Sachs Group Inc. raised the upper end of its estimate for "reasonably possible" legal expenses to $5.9 billion, according to a regulatory filing. In August of 2014, Goldman Sachs agreed to a settlement worth $1.2 billion to resolve claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them...

  • Business events scheduled for the coming month Friday, 31 Jul 2015 | 1:40 PM ET

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

  • Business events scheduled for the coming week Thursday, 30 Jul 2015 | 1:40 PM ET

    WASHINGTON— Commerce Department releases personal income and spending data for June, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for July, 10 a.m.; Commerce Department releases construction spending for June, 10 a.m.. WASHINGTON— Commerce Department releases international trade data for June, 8:30 a.m.; Institute for Supply...

  • Average US rate on 30-year mortgage falls to 3.98 percent Thursday, 30 Jul 2015 | 10:24 AM ET

    WASHINGTON— Average long-term U.S. mortgage rates fell for a second straight week, with the key 30- year rate slipping below 4 percent. Mortgage giant Freddie Mac said Thursday the average rate on a 30- year fixed-rate mortgage declined to 3.98 percent this week from 4.04 percent a week earlier. The rate on 15- year fixed-rate mortgages eased to 3.17 percent from...

  • US pending home sales slip in June Wednesday, 29 Jul 2015 | 10:03 AM ET

    WASHINGTON— The number of signed contracts to buy homes fell in June, as limited supplies of homes on the market are holding back possible sales growth. The National Association of Realtors said Wednesday that its seasonally adjusted pending home sales index declined 1.8 percent to 110.3 last month. "We could see a bit of a slowing in the recent upward trend in...

  • WASHINGTON, July 24- New U.S. single-family home sales fell in June to their lowest level in seven months and May's sales were revised sharply lower, in what appeared to be a minor setback for the housing market recovery. New home sales dropped 6.8 percent to a seasonally adjusted annual rate of 482,000 units, the lowest level since last November, the Commerce...

  • US new-home sales hit June slump Friday, 24 Jul 2015 | 10:00 AM ET

    WASHINGTON— Fewer Americans bought new homes in June, a possible sign that the real estate market might not be as hot as it appeared at the start of summer. The Commerce Department said Friday that new-home sales slumped 6.8 percent last month to a seasonally adjusted annual rate of 482,000. The report also revised May sales down to a rate of 517,000 from 546,000..

  • WASHINGTON— The Commerce Department reports on sales of new homes in June at 10 a.m. Eastern Friday. HIGHER SALES: Economists expect a 0.5 percent increase in new-home sales to a seasonally adjusted annual rate of 548,000, according to a survey by data the firm FactSet. Sales of existing homes increased 3.2 percent in June to a seasonally adjusted annual rate of...

  • Average US rate on 30-year mortgage falls to 4.04 percent Thursday, 23 Jul 2015 | 10:19 AM ET

    WASHINGTON— Average long-term U.S. mortgage rates fell this week, retreating from highs for the year and amplifying the incentive for prospective home buyers. Mortgage giant Freddie Mac said Thursday the average rate on a 30- year fixed-rate mortgage declined to 4.04 percent from 4.09 percent a week earlier. Data issued Wednesday by the National Association...

  • WASHINGTON— Americans bought homes in June at the fastest rate in over eight years, pushing prices to record highs as buyer demand has eclipsed the availability of houses on the market. The National Association of Realtors said Wednesday that sales of existing homes climbed 3.2 percent last month to a seasonally adjusted annual rate of 5.49 million, the...

  • Ahead of the Bell: Home sales likely picked up in June Wednesday, 22 Jul 2015 | 6:15 AM ET

    WASHINGTON— The National Association of Realtors reports on June sales of existing homes Wednesday at 10 a.m. Eastern. The condominium market in Massachusetts contains just 1.8 months' supply, according to a Federal Reserve report this month. The majority of real estate agents in the Atlanta Fed region— which ranges from Alabama to Florida— said that...

  • NEW YORK, July 16- The Federal Housing Finance Agency disclosed on Thursday that it paid two law firms over $373 million since 2010 to pursue litigation against several banks over mortgage-backed securities sold to Fannie Mae and Freddie Mac before the financial crisis. Stefanie Johnson, an FHFA spokeswoman, said its hiring of private law firms "has been a...

  • U.S. new home sales rise to seven-year high in May Tuesday, 23 Jun 2015 | 10:00 AM ET

    WASHINGTON, June 23- New U.S. single-family home sales increased in May to a more than seven-year high, further brightening the outlook for the housing market and the broader economy. The Commerce Department said on Tuesday sales rose 2.2 percent to a seasonally adjusted annual rate of 546,000 units, the highest level since February 2008. Housing is being buoyed...

  • 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.

  • 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.

  • 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...