WASHINGTON — Government-controlled mortgage giant Freddie Mac posted net income of $1.2 billion for the second quarter and isn’t requesting any additional federal aid for the period. The government rescued Freddie and larger sibling Fannie Mae in September 2008 after ...

Tagged with: earnings fannie mae freddie mac holdings homeowners homes loans mortgages net income profit treasury department

WASHINGTON — A federal regulator is standing by its decision to bar Fannie Mae and Freddie Mac from reducing principal for borrowers at risk of foreclosure, resisting pressure from the Obama administration. The Federal Housing Finance Agency announced the decision ...

Tagged with: Barack Obama fannie mae federal housing finance agency foreclosure freddie mac homeowners principal taxpayers timothy geithner treasury department

Before the housing market took such a tumble and before millions of homeowners saw equity in their homes vanish in a blink of an eye, the idea of walking away from their mortgage was inconceivable to most borrowers. Yet as ...

Tagged with: Bankruptcy fannie mae federal housing authority fha foreclosure freddie mac housing market Real Estate Robert Nusgart

WASHINGTON — Home prices rose in nearly all major U.S. cities in April from March, further evidence of a housing market that is slowly improving even while the job market slumps. The Standard & Poor’s/Case-Shiller home price index released Tuesday ...

Tagged with: corelogic fannie mae federal housing finance agency freddie mac home prices home values Real Estate sales standard & poor's/case-shiller home-price index standard and poor's

This week it is all about Facebook and Twitter, even for general counsels. Asked: Our weekly question to the In-House community National Labor Relations Board Acting General Counsel Lafe E. Solomon issued his latest report on employee social media use ...

Tagged with: Charities/nonprofits employee employer facebook fannie mae General Assembly general counsel in-house counsel In-House Interrogatory in-house interrogatory National Labor Relations Act National Labor Relations Board Salaries salary social media Social Media social network Susan G. Komen for the Cure twitter work

WASHINGTON — Average U.S. rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week. The steady decline has made home-buying and refinancing more affordable than ever for those who can qualify. Mortgage buyer Freddie ...

Tagged with: fannie mae freddie mac interest rate low mortgage rate record

WASHINGTON — The average rate on the 30-year fixed mortgage dropped near its all-time low this week, making home buying and refinancing a bargain for those who can qualify. Mortgage buyer Freddie Mac said Thursday that the rate on the ...

Tagged with: fannie mae freddie mac housing market mortgage rates Real Estate united states

WASHINGTON — The Treasury Department rushed out a major revamp of its foreclosure-prevention program in 2010, limiting the plan’s ability to help people who are unemployed or owe more than their homes are worth, a government watchdog says. Treasury’s Hardest ...

Tagged with: bailout borrowers fannie mae Foreclosures freddie mac homeowners homes lenders treasury department underwater unemployed

WASHINGTON — The average U.S. rate on the 30-year fixed mortgage was mostly unchanged this week, as the cost of home-buying and refinancing stayed near record lows. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan ...

Tagged with: buyers fannie mae freddie mac homes interest rate loans market mortgage Real Estate united states

When I first meet with a borrower, I typically tell them two things: First, I am not so much your loan officer anymore, but your advocate and tour guide through the loan process. Second, if I do my job correctly, ...

Tagged with: credit fannie mae finance freddie mac lender loan mortgage Real Estate Robert Nusgart