Freddie Mac this week is offering to buy back from investors up to $30 billion principal amount of its debt to reduce its effective short-term debt, the second-largest U.S. home funding provider said on Monday.
Freddie Mac (FRE.P) (FRE.N), the second-largest U.S. home funding company, on Thursday said its mortgage investment portfolio shrank by an annualized 50.9 percent rate in April, while delinquencies on loans it guarantees accelerated.
Fannie Mae on Wednesday said it sold $2 billion in bills at higher interest rates compared with sales of the same maturities than a week ago.
Freddie Mac, one of the largest providers of funding for U.S. housing, is set to break ground on its first bond backed by commercial mortgages, a source familiar with the offering said on Friday.
Freddie Mac investors have filed expanded court claims accusing the mortgage finance company and three former executives of committing fraud by misleading them about risky loan practices and manipulating financial results.
U.S. mortgage rates fell in the latest week, trekking closer to a record low set last month. Interest rates on U.S. 30-year fixed-rate mortgages fell to 4.82 percent for the week ending May 21, down from the previous week's 4.86 percent, according to a survey released on Thursday by home funding company Freddie Mac.
Treasury Secretary Timothy Geithner on Thursday said that a bailout for banks was steadying the financial system but care must be taken to ensure that normal market forces are allowed to operate.
Redwood Real Estate Partners, Inc said on Wednesday it launched a fund to buy up to $500 million in distressed residential real estate amid an expected surge in bank-owned properties.
Although well off their all-time highs, American stocks are now marginally up for the current year.
Bank managers need to be evaluated to see if they are doing a good job and consideration needs to be given about possibly better qualified individuals to run the institutions, FDIC chief Sheila Bair told Bloomberg.
Federal Deposit Insurance Corp chairman Sheila Bair said some U.S. bank chief executives will be replaced in the next couple of months as regulators assess lenders' financial strength, Bloomberg News said on Friday, citing a television interview to be broadcast this weekend.
The Obama administration on Thursday tweaked its housing rescue plan by increasing incentives for mortgage lenders to slash the payments for homeowners in the worst-hit markets.
Freddie Mac, after battling plummeting home prices and a shaky economy, is seeking a $6.1 billion investment from the U.S. Treasury after reporting a first quarter losses.
Fannie Mae , the largest provider of U.S. home mortgage funding, said on Friday it needs more capital from the U.S. Treasury after a $23.2 billion loss in the first quarter and warned government housing programs would cut deeper into its profitability.
Fannie Mae , the largest provider of funding for U.S. home mortgages, on Friday said it lost $23.2 billion in the first quarter, sending it to the Treasury for a second time for capital to keep it afloat.
Freddie Mac, the U.S. mortgage finance giant, on Thursday said it paid $1.3 million in retention bonuses to three executives in late 2008 and so far this year, including a full payout of the award promised to its acting chief financial officer before his shocking death, according to a Securities and Exchange Commission filing.
Freddie Mac (FRE.P) (FRE.N), the second-largest U.S. home funding company, on Friday said its mortgage investment portfolio grew by an annualized 65.8 percent rate in March, while delinquencies on loans it guarantees accelerated.
The finance chief of troubled U.S. mortgage giant Freddie Mac, David Kellermann, was found dead on Wednesday after apparently committing suicide, a police source said.
U.S. single family homes saw a seasonally adjusted price increase of 0.7 percent in February from January, the amount however remains down 6.5 percent from a year earlier, the Federal Housing Finance Agency said on Wednesday.
Prices of U.S. single-family homes rose by a seasonally adjusted 0.7 percent in February from January but were down 6.5 percent from a year earlier, the Federal Housing Finance Agency said on Wednesday.
David Kellermann, acting chief financial officer of troubled U.S. mortgage giant Freddie Mac, was found dead on Wednesday in his suburban Virginia home after apparently committing suicide, a local police source said.
The Treasury Department is considering giving banks and investors billions of dollars in fresh incentives to modify troubled mortgages and save homeowners from foreclosure, sources familiar with official deliberations said.
