Fannie, Freddie To Delist Stock From U.S. Exchanges
Wednesday, March 16th, 2011Fannie Mae and Freddie Mac said they intend to delist their stock from the New York Stock Exchange as the U.S. government-backed mortgage companies continue to struggle amid billions in losses.
Signs of Improvement Are Fleeting for Mortgage Delinquencies
Tuesday, March 15th, 2011After several months of improvement, mortgage delinquencies rose in May, according to loan data tracked by research firm LPS Applied Analytics.
FHFA Subpoenas Firms That Sold Debt to Fannie Mae, Freddie Mac
Tuesday, March 15th, 2011The Federal Housing Finance Agency subpoenaed firms that sold mortgage-backed securities to Fannie Mae and Freddie Mac as the regulator aims to determine whether issuers can be held liable for losses on the debt.
Daily Mortgage Rates
Tuesday, March 15th, 2011Today the thirty-year fixed rate mortgage (FRM) is averaging an interest rate of about 4.50%, this is down from most of last week when the thirty-year FRM averaged at 4.625%. The current mortgage rates being offered by America’s leading mortgage servicers continue to remain around fifty-year lows.
FHA set to offer new reverse mortgage option
Sunday, March 13th, 2011The Federal Housing Administration said Wednesday that beginning Oct. 4, it will offer a new reverse mortgage option with drastically lower up-front fees than its standard version.
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