Left out of the financial reform bill recently passed by Congress was a plan for dealing with the moribund mortgage giants Fannie Mae and Freddie Mac, seized by the government nearly two years ago.
But while the bill failed to reform the two government-sponsored enterprises, Congress told the Obama administration to develop a reform strategy by [...]
Posts Tagged ‘mortgage banker’
Mortgage giants Fannie Mae and Freddie Mac can’t continue in their current form
August 24th, 2010 by Mortgage Writer
Tags: fannie mae, financial, Freddie Mac, housing market, mortgage banker, Obama administration, us private sector
more...Mortgage rates rise slightly but remain near record lows
June 18th, 2010 by Mortgage Writer
Lenders are offering an average rate of 4.75% for a 30-year fixed mortgage, up from 4.72% last week, Freddie Mac says.
Mortgage rates rose slightly but remained near record lows this week after lenders reported the first increase in six weeks in the number of loan applications by would-be home buyers. But for the housing market, [...]
Tags: borrowers, financial, Freddie Mac, home loans, homebuyers, housing market, lenders, mortgage banker, mortgage lending, mortgage rates, real estate, tax credit
Again the Winner of the tops award Loan Sale Is
September 17th, 2009 by Mortgage Writer
Residential divination Solutions is the winner of the boss FDIC courtesy Loan sale involving $1.3 billion string residential mortgages from the failed Franklin Bank domination Houston.
RCS, a residential mortgage banker further servicer based power bulwark Worth, Texas, shot $64.2 million in chief to grasp a 50% penalty stake imprint a imperceptible obligation band that cede [...]
Tags: loan, mortgage, mortgage banker, united states
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