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Posted To: MND NewsWireThe interest rate on 15-year fixed-rate mortgages (FRM) set another record low this week, according to information released this morning by Freddie Mac. The Primary Mortgage Market Survey for the week ended November 19 showed rates down across the
http://www.mortgagenewsdaily.com/11192009_freddie_mac_15_year_mortgage_rates_hit_record_low.asp
Quality Control Guidelines Summarized for Fannie Mae, Freddie Mac, and FHA. To help lenders understand agency requirements, Mortgage Compliance Advisors creates summary of Fannie Mae, Freddie Mac, and FHA quality control guidelines.
Freddie Mac Applauds Columbus, Ohio Coalition Against Loan Modification Fraud.
Time is rapidly running out on one of the best deals going for homebuyers. No, not the $8,000 first-time homebuyer tax credit - although that's due to expire Nov. 30. A more urgent deadline is the closing cost assistance offered under Freddie Mac's HomeSteps SmartBuy program, which expires at the
http://www.mortgageloan.com/freddie-mac-closing-cost-assistance-ending-3513
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MCLEAN, Va., Nov 18, 2009 /PRNewswire-FirstCall via COMTEX/ --
The following statement was released today by Jeffery Markowitz, Vice President of Government and Industry Relations, Freddie Mac (NYSE: FRE) in support of the Columbus, Ohio launch of the "Loan Modification Scam Alert" campaign by a coalition of federal agencies, non-profit organizations, and Freddie Mac:
"Loan modification fraud is nothing less than a pre-meditated attack on our communities and the housing recovery. Freddie Mac is proud to support this new campaign targeting the con artists who specialize in bilking the public with empty promises of quick fixes to mortgage problems.
"Long before the housing crisis began, attacking mortgage fraud has been a top priority at Freddie Mac. That's why we produce viral videos dramatizing loan modification scams, assist the FBI and law enforcement as they investigate and prosecute fraud artists, and spent the last decade launching local Don't Borrow Trouble anti-fraud campaigns across the nation. (For more information, see freddiemac.com/avoidfraud.)
"We look forward to working with the Treasury Department, the Federal Trade Commission, the U.S. Department of Housing and Urban Development, the Columbus Housing Partnership, NeighborWorks(R) America and the other coalition members to close the door on mortgage fraud."
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.
SOURCE Freddie Mac
http://www.freddiemac.com
Tags: congress federal freddie mac government housing law enforcement local mortgage nyse ohio partnership president profit residential trade
Companies: Freddie Mac (FRE)
MCLEAN, Va., Nov 16, 2009 /PRNewswire-FirstCall via COMTEX/ --
Freddie Mac (NYSE: FRE) announced today that it will not issue a Reference Notes((R)) security on November 16, 2009. The company's 2009 Reference Notes and Reference REMIC((R)) calendar designates dates that it may use to announce the issuance of Reference Notes securities.
This announcement is not an offer to sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac's Annual Report on Form 10-K for the year ended December 31, 2008, filed with the Securities and Exchange Commission ("SEC") on March 11, 2009, and all documents that Freddie Mac files with the SEC pursuant to Section 13(a), 13(c) or 14 of the Securities Exchange Act of 1934, excluding any information "furnished" to the SEC on Form 8-K.
Freddie Mac's press releases sometimes contain forward-looking statements. A description of factors that could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements can be found in the company's http://www.freddiemac.com/investors/infostatRegistration Statement on Form 10 dated July 18, 2008 and its reports on Form 10-Q and Form 8-K, filed with the SEC and available on the Investor Relations page of the company's Web site at www.FreddieMac.com/investors and the SEC's Web site at www.sec.gov.
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters. www.FreddieMac.com
SOURCE Freddie Mac
http://www.freddiemac.com
Tags: annual report congress freddie mac mortgage nyse residential sec sec-8k securities security web
Companies: Freddie Mac (FRE)
MCLEAN, Va., Nov 12, 2009 /PRNewswire-FirstCall via COMTEX/ --
Freddie Mac's (NYSE: FRE) conforming loan purchase limits for 2010 are unchanged from those in effect for 2009 for all areas of the United States, according to the Federal Housing Finance Agency (FHFA). The loan limits set the maximum original loan amounts allowed on single-family conventional mortgages Freddie Mac can purchase except in high cost areas. The loan limits for first mortgages are:
-- $417,000 for mortgages secured by one-unit properties;
-- $533,850 for mortgages secured by two-unit properties;
-- $645,300 for mortgages secured by three-unit properties; and
-- $801,950 for mortgages secured by four-unit properties.
The loan limit for subordinate lien mortgage loans remains at half of the one-unit loan limit for first mortgages, or $208,500.
FHFA has also extended the high-cost loan limits for mortgages originated in certain high cost areas, up to a maximum of $729,750 in the contiguous United States through 2010, pursuant to a Continuing Resolution passed by Congress and signed by President Obama on October 30, 2009.
The loan limit for first mortgages will be 50 percent higher in Alaska, Hawaii, Guam and the US Virgin Islands. This means the maximum in these states and territories will be $625,500 for mortgages secure by one-unit properties, with slightly higher limits in designated high-cost counties.
Link to 2010 High-Cost Area Loan Limits (XLS Format)
Link to 2010 Loan Limits for All Counties (XLS format)
Freddie Mac is a stockholder-owned corporation established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac raises capital on Wall Street and throughout the world's capital markets to finance mortgages for families across America. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.
SOURCE Freddie Mac
http://www.freddiemac.com
Tags: alaska congress finance freddie mac guam hawaii housing mortgage nyse president residential united states virgin islands
Companies: Freddie Mac (FRE)
MCLEAN, Va., Nov 13, 2009 /PRNewswire-FirstCall via COMTEX/ --
Freddie Mac (NYSE: FRE) today issued its 2010 funding calendars, which provide optional announcement dates for Reference Notes(R) securities and announcement and auction dates for Reference Bills(R) securities. The 2010 funding calendars are available on the Debt Securities page of the company's Web site at www.FreddieMac.com.
On the Reference Notes announcement dates set forth on Freddie Mac's 2010 Reference Notes Calendar, Freddie Mac will announce whether it plans to issue a Reference Notes security. If a Reference Notes security will be issued, Freddie Mac will also provide relevant transaction information.
Freddie Mac's 2010 Reference Bills Calendar provides announcement and auction dates for one-, three-, six- and 12-month Reference Bills securities. One-month Reference Bills auctions will be optional each week, with a minimum of one auction per month. Three- and six-month Reference Bills will be auctioned every week. Auctions of 12-month Reference Bills securities will be optional each week. During the year, Freddie Mac will auction all one-, three-, six- and 12-month Reference Bills securities on Mondays unless Monday is a holiday. If Monday is a holiday, the auction will occur on Tuesday. Reference Bills auction announcements occur at 10:30 a.m., Eastern Time, on Fridays.
The announcement is neither an offer to sell nor a solicitation to buy any of these securities. Any such offering will be made by an offering circular and pricing supplement.
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.
SOURCE Freddie Mac
http://www.freddiemac.com
Tags: congress freddie mac mortgage nyse residential securities security web
Companies: Freddie Mac (FRE)
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GAO's sixth report on the Troubled Asset Relief Program (TARP) focuses on the Department of the Treasury's (Treasury) efforts to establish its Home Affordable Modification Program (HAMP). This 60-day report examines (1) the design of HAMP's program features with respect to maximizing assistance to
HOUSTON, December 15th, 2008. Prosperity Bank ® is participating in the FDIC Transaction Account Guarantee Program. Under that program, through December 31, 2009, all non-interest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account.
...audit bill gets backing from key lawmaker 8c077dc4-5ad2-4f73-b9c3-a381c5fece05:8440412:02p Despite gains, Fannie Mae is still down and out 8c077dc4-5ad2-4f73-b9c3-a381c5fece05:8440112:01p Clearwire, Sprint, Motorola decline... Watch Video
http://www.zibb.com/all/hot-topic/fannie-mae-and-freddie-mac
[ Published ] Originating Case Number:3:08-cv-01769-JAG District Court of Puerto Rico, San Juan [ <a
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Freddie Mac works with mortgage lenders to help people get lower housing costs and better access to home financing. Site contains news, products, services and homeownership advice.
The Federal Home Loan Mortgage Corporation (FHLMC), known as Freddie Mac (NYSE: FRE), is a government sponsored enterprise (GSE) of the United States federal government.
WASHINGTON — Freddie Mac's losses narrowed to $6.3 billion in the third quarter, but the government-controlled mortgage finance company didn't need a federal cash infusion.
Freddie Mac: Avoiding Foreclosure Steps You Can Take Today to Protect Your Home
Learn how utilizing TBW’s CommunityBanksOnline (CBO) can help you reach and serve new borrowers, build relationships with existing clients and generate new e-commerce revenues in a fast changing marketplace.
http://www.icbamortgage.com/education/eventdetail.cfm?EventID=100577
Get the information you need to implement Freddie Mac's Initial Interest Fixed-rate and ARM mortgages into your product line. This web conference will provide you with an in-depth understanding about Initial Interest mortgages for borrowers looking for interest-only period mortgage options.
http://www.icbamortgage.com/education/eventdetail.cfm?EventID=25630