WASHINGTON — Homebuyers could feel the pinch if Congress follows through on plans to shut down Fannie Mae and Freddie Mac, the government-controlled mortgage guarantee giants that were rescued by a $187 billion taxpayer bailout during the financial crisis. Borrowers ...

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PHOENIX — Buoyed by an improving housing market, President Barack Obama on Tuesday proposed a broad overhaul of the nation’s mortgage finance system, including winding down government-backed Fannie Mae and Freddie Mac. He declared that taxpayers should never again be ...

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WASHINGTON — President Barack Obama has chosen a retired corporate and government official with experience managing numerous organizations in crisis to take over an Internal Revenue Service under fire for targeting political groups. Obama said his nominee for commissioner of ...

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WASHINGTON — Average rates on U.S. fixed mortgages declined this week as concern waned in the financial markets over the Federal Reserve’s possible slowing of its bond purchases this year. Mortgage buyer Freddie Mac said Thursday the average on the ...

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NEW YORK — Citigroup has agreed to pay $968 million to Fannie Mae to resolve potential future repurchase claims on residential mortgage loans originated between 2000 and 2012. A sizable group of the loans were originated during the U.S. housing ...

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WASHINGTON — The average U.S. rate on a 30-year fixed mortgage surged this week to 4.46 percent, the highest in two years. The increase from a 3.93 percent average last week was the largest one-week jump in 26 years, according ...

Tagged with: Ben Bernanke federal reserve fixed mortgage freddie mac home prices mortgage rate National Association of Realtors united states

WASHINGTON — A bipartisan group of senators on Tuesday proposed an overhaul to the housing finance system that would gradually eliminate Fannie Mae and Freddie Mac, the two government-sponsored mortgage guarantee giants, and shift more mortgage and credit risk to ...

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NEW YORK — Standard & Poor’s for the first time has assigned Freddie Mac a ranking as a loan servicer, giving the government-controlled mortgage giant an “Above Average” ranking for its servicing of loans tied to rental apartment buildings. Standard ...

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WASHINGTON — The average U.S. rate on a 15-year fixed mortgage rose above 3 percent this week for the first time in a year, while the rate on the 30-year fixed loan approached 4 percent. Mortgage buyer Freddie Mac said ...

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WASHINGTON — Mortgage giant Freddie Mac earned $4.6 billion from January through March, helped by a stronger housing market. The government-controlled company has turned a profit in the past six quarters. Freddie said Wednesday that it will pay a dividend ...

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