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Federal Home Loan Mortgage Corp

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  • Ahead of the Bell: US new-home sales Friday, 24 Oct 2014 | 6:25 AM ET

    WASHINGTON— The Commerce Department reports on sales of new homes in September. The report will be released Friday at 10 a.m. Eastern. More than 8 million homes are "seriously underwater," representing 15 percent of all properties with a mortgage and roughly $1.4 trillion worth of negative equity, according to the housing data company RealtyTrac.

  • Enticing low rates, but impact could be limited Thursday, 23 Oct 2014 | 10:07 AM ET

    WASHINGTON— With mortgage rates sliding for a fifth straight week, the possibility of locking in a rate below 4 percent is tempting for consumers and could unleash a wave of refinancing. This week the average rate on the 30- year loan fell to 3.92 percent, mortgage company Freddie Mac reported Thursday. Applications for "re-fi's" jumped 23 percent in the week ended...

  • NEW YORK, Oct 22- A federal judge has dismissed a lawsuit brought by Massachusetts Attorney General Martha Coakley that accused mortgage finance giants Fannie Mae and Freddie Mac of violating a state law meant to prevent financially troubled residents of the state from losing their homes. Filed in June, the lawsuit said Fannie and Freddie blocked a state...

  • New rules adopted in hopes of spurring home loans Tuesday, 21 Oct 2014 | 10:32 AM ET

    WASHINGTON— Buying a home may have gotten a little easier this week. With the financial crisis and subprime mortgage bust receding further into history, the government is loosening some financial rules, hoping to inject more life into the country's still-recovering housing market. The board of the Federal Deposit Insurance Corp. voted 4-1 Tuesday to adopt...

  • US existing home sales rise in September Tuesday, 21 Oct 2014 | 10:00 AM ET

    WASHINGTON— U.S. homes sold in September at their fastest clip this year, a sign that the housing market is shaking off a slowdown that began in the middle of 2013.. The National Association of Realtors said Tuesday that sales of existing homes rose 2.4 percent from the previous month to a seasonally adjusted annual rate of 5.17 million. "The worst is over, but don't...

  • Ahead of the Bell: US home sales Tuesday, 21 Oct 2014 | 6:26 AM ET

    WASHINGTON— The National Association of Realtors reports on sales of existing homes in September. The report is scheduled to be released Tuesday at 10 a.m. Eastern. SLIGHT SALES BUMP: Economists believe that sales rose 1 percent to a seasonally adjusted annual rate of 5.1 million last month, according to a survey by data firm FactSet.

  • US regulator: Fannie, Freddie in deal with banks Monday, 20 Oct 2014 | 4:09 PM ET

    WASHINGTON— A federal regulator says government-controlled mortgage giants Fannie Mae and Freddie Mac have reached an agreement with major banks that could expand lending. The head of the Federal Housing Finance Agency, which oversees Fannie and Freddie, announced the deal Monday at a conference of the Mortgage Bankers Association in Las Vegas.

  • Market turmoil: A gift for mortgage refinancers? Saturday, 18 Oct 2014 | 9:01 AM ET

    A sudden plunge in mortgage rates this week raised an urgent question for millions of Americans:. Rates on long-term mortgages tend to track the 10- year Treasury yield, which fell below 2 percent for the first time since May 2013. Accordingly, the average rate for a 30- year fixed mortgage, mortgage giant Freddie Mac reported, dipped below 4 percent to 3.97 percent—...

  • *GE, Honeywell climb after quarterly results. NEW YORK, Oct 17- U.S. stocks extended their rebound from this month's bruising selloff on Friday, giving the S&P 500 its best day in over a week, as worries about the U.S. earnings outlook eased, but the S&P 500 still posted its fourth straight week of declines. Honeywell shares gained 4.3 percent to $90.06 after results.

  • *GE, Honeywell climb after quarterly results. The Russell 2000 index was down 0.1 percent after posting Thursday its longest streak of more than 1 percent gains since July 2012. Honeywell shares gained 5 percent to $90.66 after its quarterly results, to help send the S&P industrials sector up 2.3 percent as the best performing S&P sector.

  • *GE, Honeywell climb after quarterly results. The Russell 2000 index was down 0.3 percent after posting Thursday its longest streak of more than 1 percent gains since July 2012. Honeywell shares gained 4.3 percent to $90.07 after its quarterly results, to help send the S&P industrials sector up 2.3 percent as the best performing S&P sector.

  • Oct 17- Fannie Mae and Freddie Mac, their regulator and lenders are close to an agreement that could expand mortgage credit while helping lenders protect themselves from charges of making bad loans, the Wall Street Journal reported. Fannie Mae and Freddie Mac have recouped tens of billions of dollars in penalties from lenders in recent years over claims that...

  • US stands strong despite fear over global slowdown Thursday, 16 Oct 2014 | 4:09 PM ET

    WASHINGTON— Beyond the turmoil shaking financial markets, the U.S. economy remains sturdier than many seem to fear. The Dow Jones industrial average has lost 874 points since Oct. 8, largely over worries about another recession in Europe, a slowdown in China and world-spanning crises that include the Ebola outbreak and the rise of the Islamic State.

  • Average US 30-year mortgage rate at 3.97 percent Thursday, 16 Oct 2014 | 10:23 AM ET

    WASHINGTON— Average U.S. mortgage rates tumbled this week. The 30- year loan hit its lowest level since June 2013 as Treasury bond yields marked new lows amid concern over global economic weakness. Mortgage company Freddie Mac said Thursday that the nationwide average for a 30- year loan dipped to 3.97 percent from 4.12 percent last week.

  • Confidence among US homebuilders slips in October Thursday, 16 Oct 2014 | 10:01 AM ET

    WASHINGTON— U.S. homebuilders' confidence fell in October after four months of gains which had pushed the indicator to the highest point in nine years. The National Association of Home Builders/Wells Fargo said Thursday that its index dropped to a reading of 54 after climbing to 59 in September, the highest level since November 2005, right before the housing...

  • Business events scheduled for Thursday Wednesday, 15 Oct 2014 | 1:49 PM ET

    WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.. WASHINGTON— Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m.. WASHINGTON— National Association of Home Builders releases housing market index for October, 10 a.m..

  • NEW YORK, Oct 14- Many thousands of Americans who lost their homes in the housing bust, but have since begun to rebuild their finances, are suddenly facing a new foreclosure nightmare: debt collectors are chasing them down for the money they still owe by freezing their bank accounts, garnishing their wages and seizing their assets. The two big...

  • BOSTON, Oct 6- Sahm Adrangi, who runs small hedge fund Kerrisdale Capital, told Wall Street on Monday he believes satellite communications company Globalstar Inc's business is worthless, sending its stock tumbling roughly 25 percent. Renting out the same mid-town Manhattan auditorium where prominent activist investor William Ackman has unveiled some of...

  • Oct 1- Shares of government-controlled Fannie Mae and Freddie Mac plummeted on Wednesday, the day after a judge upheld the U.S. The dismissal of the lawsuit dealt a blow to investors hoping to benefit now that Fannie Mae and Freddie Mac, the two largest sources of U.S. housing finance, are profitable.

  • Oct 1- Shares of Fannie Mae and Freddie Mac plummeted on Wednesday, the day after a judge upheld the U.S. The over-the-counter common shares of both companies were down by more than a quarter, with Fannie Mae sliding 27 percent to $1.96 and Freddie Mac dropping 26 percent to $1.96.