Financing for U.S. housing still lacks private capital, a sign of a very sick system, said David Stevens, Federal Housing Administration commissioner, told a Mortgage Bankers Association convention on Monday.
The regulator for Fannie Mae and Freddie Mac said on Monday the U.S. government-controlled mortgage finance giants will launch a standardized method for lenders to submit information on mortgages, including appraisals, by next year.
U.S. mortgage rates dropped below 5 percent in the latest week, the lowest level in 5 months, boding well for the hard-hit housing market as it copes with the absence of government support, a closely watched survey showed on Thursday.
The Senate on Tuesday challenged the Federal Reserve's tradition of secrecy but postponed an overhaul of mortgage finance giants Fannie Mae and Freddie Mac under a massive reform of banking regulations.
It is unclear how much U.S. taxpayers will eventually have to shell out to help mortgage finance giants Fannie Mae and Freddie Mac, the regulator of the two companies said on Tuesday.
It is unclear how much U.S. taxpayers will eventually have to shell out to help mortgage finance giants Fannie Mae and Freddie Mac, the regulator of the two companies said on Tuesday.
Fannie Mae, the largest U.S. residential mortgage funds provider, on Monday asked the government for an additional $8.4 billion after the company lost $13.1 billion in the first quarter.
Financial reform legislation being debated by the Senate needs to overhaul government involvement in U.S. mortgage finance giants Fannie Mae and Freddie Mac, Senator Richard Shelby, the lead Republican on the Senate Banking Committee, said on Saturday.
Freddie Mac , the second-largest provider of residential mortgage funds, on Wednesday said it lost $8.0 billion in the first quarter and warned that it would continue to need government funds because the housing market remains fragile.
Having shunned U.S. mortgage-related assets for 1-1/2 years, foreign investors are returning to the market now the U.S. government has a key stake.
U.S. home prices fell 0.2 percent on a seasonally adjusted basis in February and dropped 3.4 percent in the year, the Federal Housing Finance Agency said on Thursday.
U.S. mortgage rates have fallen for the first time in five weeks, retreating from an eight-month high and remaining near historically low levels, a closely watched mortgage survey showed on Thursday.
The U.S. Federal Reserve's political independence may make it better suited than a council of regulators to spot and act upon behavior that could threaten the entire financial system, a senior Federal Reserve official said on Thursday.
Abruptly changing the structure of mortgage finance giants Fannie Mae and Freddie Mac would likely lower home prices and could threaten the fragile U.S. economic recovery.
The Obama administration is asking for public comment on seven broad questions about the future of housing finance that will provide a framework for reforming Fannie Mae and Freddie Mac.
U.S. mortgage bonds backed by government agencies Fannie Mae, Freddie Mac and Ginnie Mae have so far handily navigated the waters without the recent support of the Federal Reserve, but it may not be smooth sailing for long.
On March 17, 2009, a group of mortgage bond investors worried about the losses they could suffer as a result of U.S. foreclosure prevention plans asked top bankers to share the pain by taking some write-downs on $450 billion in home equity loans.
Rising bond yields sent U.S. 30-year mortgage rates to the highest level in eight months on the brink of the important spring sales season, data from home funding company Freddie Mac showed on Thursday.
The house price bubble, the most prominent global bubble in generations, was caused by lower interest rates but...it was long-term mortgage rates that galvanized prices.
The Federal Reserve's balance sheet fell in the latest week, Fed data released on Thursday showed.
The double-whammy of rising Treasury yields and the end of the Federal Reserve's $1.25 trillion mortgage-buying program could prove to be a buying opportunity for the biggest bond investors.
Goodbye, Federal Reserve. Hello Fannie and Freddie.
