The prolonged crisis in the euro zone, coupled with signs that the U.S. economic recovery is faltering, have led to speculation that the Federal Reserve will provide more monetary stimulus, most likely through extending its Operation Twist program, at the June two-day Federal Open Market Committee meeting, which concludes on Wednesday June 20.
The dissolution of Fannie Mae and Freddie Mac, the two largest U.S. mortgage guarantors, would have only a minimal impact on home ownership level, according to a new report that downplays the link between low interest rates and increased ownership.
Four years after the 2008 financial crisis began gathering steam, the government has collected another piece of the remaining billions in bailout money that it's owed.
U.S. 30-year fixed mortgage rates increased to 3.71 percent, reversing six weeks of declines after modestly positive economic data, mortgage financier Freddie Mac said Thursday.
Time to stop dropping the presumptive and the likely qualifiers: It is all but certain that after Texans finish voting in Tuesday's Republican presidential primary, Mitt Romney will have secured the 1,144 delegates he needs to win the nomination.
French and German consumer confidence showed unexpected strength, reports showed Friday. While the market is cheering about the good news, some economists view this as a warning sign of a euro zone crisis fatigue - something that is as dangerous, if not more so than the crisis itself.
U.S. mortgages rates have dropped to record lows for four consecutive weeks, but that doesn't mean more homes will be sold. In fact, at least one housing expert argues that extremely low rates are causing banks to be even more stringent with underwriting approvals, turning away more prospective buyers and hurting the national housing market.
U.S. 30-year fixed mortgage rates dropped to 3.78 percent in the week ending May 24, down slightly from 3.79 percent in the previous week, mortgage financier Freddie Mac said Thursday.
U.S. 30-year fixed-rate mortgages hit a new record low for the third straight week as concerns over the euro zone weighed on the economy, mortgage financier Freddie Mac said Thursday.
Freddie Mac (OTC: FMCC), the second-largest U.S. mortgage guarantor, said Thursday it was appointing Donald Layton, the former head of E*Trade as its CEO.
New Labor Department data suggests a strong start to jobs growth in January may not get wiped out by negative growth heading into the third quarter.
U.S. 30-year fixed-rate mortgage rates hit a new record low in the week ending May 10, following lower Treasury bond yields and weaker economic data in April, mortgage financier Freddie Mac said Thursday.
Freddie Mac, the second-largest mortgage guarantor, will announce the appointment of Donald Layton, former head of E*Trade Financial Corp., as a new CEO as early as Thursday, the Wall Street Journal said.
Fannie Mae (OTC: FNMA), the government-controlled mortgage giant that was brought to its knees during the housing crisis, said Wednesday it had net income of $2.7 billion in the first quarter as home prices declined at a slower rate than in the previous quarter, and its book of business improved.
U.S. 30-year fixed-rate mortgages fell to a new record low of 3.84 percent in the week ending May 2, following subdued economic data, mortgage financier Freddie Mac said Thursday.
Nearly five months after his unexpected surge into contention for the Republican presidential nomination, Newt Gingrich is set to suspend his campaign and endorse Mitt Romney.
U.S. 30-year fixed-rate mortgage rates dipped to 3.88 percent in the week ending April 26, staying near record lows as the housing market remained mixed, mortgage financier Freddie Mac said Thursday.
The target U.S. interest rate will remain at its current level of 0 to 0.25 percent through late 2014, the Federal Open Market Committee led by Federal Reserve chairman Ben S. Bernanke decided at a meeting Wednesday.
U.S. 30-year fixed-rate mortgages rose slightly to 3.90 percent in the week ending April 19, mortgage financier Freddie Mac said Thursday.
JPMorgan Chase & Co. (NYSE: JPM) and Wells Fargo & Co. (NYSE: WFC) beat first quarter earnings expectations Friday with the help of rising mortgage revenue, but the weak housing market could drag down future gains for the two big banks.
U.S. 15-year fixed-rate mortgages dropped to a new record low of 3.11 percent in the week ending April 12, mortgage financier Freddie Mac said Thursday.
The regulator for Fannie Mae and Freddie Mac said on Tuesday it might make sense for the housing finance companies to write down loan principal under an Obama administration plan, but further study was needed.
The regulator for Fannie Mae and Freddie Mac said on Tuesday it might make sense for the mortgage finance companies to write down mortgage loan principal under an Obama administration plan but that further study was needed.
The American League of Lobbyists Monday decided to ask the U.S. Congress to approve a set of changes to current registration rules.
Freddie Mac , the No. 2 U.S. home funding company, said on Monday it sold $2 billion of reference bills at higher rates and weaker demand compared with the last week's sale of similar maturities.
The Obama administration wants Fannie Mae and Freddie Mac, which finance the bulk of U.S. mortgages, to start reducing loan balances for troubled borrowers, but with safeguards to prevent them from purposely defaulting to obtain relief.