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Tag Archives: freddie mac

U.S. rate on 30-year mortgage slips to 3.40 percent

WASHINGTON — The average U.S. rate on the 30-year mortgage fell closer this week to its historic low and the 15-year rate marked a record low. Low rates are increasing the affordability of buying homes and refinancing. Mortgage buyer Freddie ...

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Fannie’s record profit a symbol of housing rebound

Home prices are up. Foreclosures are down. Construction is up. And now comes the latest sign of the U.S. home market’s revival: Fannie Mae, the mortgage giant that nearly collapsed five years ago, has earned its biggest yearly profit ever. ...

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Rate on 30-year mortgage declines to 3.54 pct.

WASHINGTON — Average U.S. rates on fixed mortgages fell this week and remained near historic lows, a trend that has supported a recovery in housing. Freddie Mac said Thursday that the average rate for the 30-year loan fell to 3.54 ...

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Freddie accuses big banks of rigging lending rate

WASHINGTON — Freddie Mac has sued 15 big international banks, including JPMorgan Chase, Bank of America and Citigroup, accusing them of rigging a key interest rate and causing huge losses for the government-controlled mortgage giant. Freddie filed the lawsuit Thursday ...

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Fannie, Freddie expand aid to storm-hit homeowners

MCLEAN, Va. — Fannie Mae and Freddie Mac are expanding their assistance to borrowers whose homes were damaged or destroyed by Superstorm Sandy. The mortgage organizations said Friday that they will automatically suspend evictions and foreclosures in disaster areas for ...

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Lawsuit alleges ‘brazen’ fraud at Countrywide

NEW YORK — The latest federal lawsuit over alleged mortgage fraud paints an unflattering picture of a doomed lender: Executives at Countrywide Financial urged workers to churn out loans, accepted fudged applications and tried to hide ballooning defaults. The suit, ...

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