WASHINGTON — The average U.S. rate on a 30-year fixed mortgage has fallen to near its record low set earlier this month. The rate on the most popular mortgage dipped to 3.37 percent from 3.39 last week, mortgage buyer Freddie ...

Tagged with: Economy freddie mac housing mortgage rates mortgages Recession

WASHINGTON — Average U.S. rates on fixed mortgages fell to fresh record lows for the second straight week. The declines have led more homeowners to refinance, a trend that could help jumpstart the economy. Mortgage buyer Freddie Mac said Thursday ...

Tagged with: Economy fannie mae freddie mac Mortgage Bankers Association mortgage rate record u.s.

WASHINGTON  — The average rate on the 30-year fixed mortgage held steady this week, staying slightly above the lowest level on record. Low mortgage rates have aided a modest housing recovery. Mortgage buyer Freddie Mac said Thursday that the rate ...

Tagged with: Economy fannie mae freddie mac great recession joblessness jobs mortgage rates mortgages Recession

Pity the poor loan officers. All they want to do is make their customers happy. Make their builders happy. Make their real estate agents happy. Make the company that they work for happy.

Tagged with: advice fannie mae federal housing authority fha finance freddie mac loan officer Real Estate Robert Nusgart savings

WASHINGTON — The government is changing the terms of its bailout agreement with Fannie Mae and Freddie Mac in a way that will shrink the holdings of the two mortgage giants more quickly and will require payment to the government ...

Tagged with: bailout Barack Obama fannie mae freddie mac Government holdings home prices housing market mortgage net income portfolio profit treasury department

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

In the last couple of years there has been a frenzy of home owners who have refinanced. Not just once. Maybe twice. Even three times. They’ve lowered their rates. They’ve lowered their monthly payments. They’ve lowered the number of years ...

Tagged with: finance freddie mac housing loan market Real Estate refinancing Robert Nusgart

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

It’s all about in-house education this week. Asked: Our weekly question to the In-House community Most law schools don’t have classes that specifically prepare attorneys for jobs as in-house counsels. And in today’s unsteady economy, more law students are thinking ...

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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