freddie mac
Freddie Mac Mortgage Interest Rates Rise, Purchase Activity Remains Low
According to Freddie Mac’s latest survey, mortgage interest rates increased this week on positive employment numbers and higher bond yields. Mortgage interest rates rose across the board, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) released Thursday. Despite the …
Freddie Mac Bailout Cost Totals $146M
The latest Freddie Mac bailout will cost $146 million, according to the company’s latest financial results. Here’s some news that comes as a surprise to no one: mortgage giant Freddie Mac needs another bailout. According to the fourth quarter and …
Freddie Mac: Mortgage Interest Rates Edge Upward
Freddie Mac says fixed mortgage interest rates edged lower this week after last week’s slight upswing. After a slight increase last week, fixed rate mortgage (FRM) mortgage interest rates edged lower for the week ending March 1, 2012. They remain …
Freddie Mac: Refinance Analysis Q4
Eighty-five percent of homeowners maintained or reduced their mortgage debt in the fourth quarter of 2011, many by refinancing their mortgages, according to a report released Thursday by Freddie Mac. Earlier this week, a report issued by NPR and ProPublica …
Mortgage Lenders Too Cautious Now For Cash Out Refinance
Mortgage lenders too cautious now for cash out refinance. It is not a good idea to withdraw funds from an IRA to pay cash for a home because if you need it, mortgage lenders are too cautious now for a cash out refinance. A retirement fund should never be used to pay for a home purchase because the tax liability will be too much, but mortgage lenders too cautious now for cash out refinance. Given the amount of fraud in the mortgage industry, lenders are more cautious than ever about doing a “cash out” refinance. A home equity line of credit may be your only answer in situations where mortgage lenders too cautious now for cash out refinance. Freddie Mac and Fannie Mae will not allow them to make a mortgage loan to someone for 6 months when they pay cash for their house.
Ilyce Glink Show – Are The Realtors Wrong? – February 20, 2011
*Are The Realtors Wrong? on the Ilyce Glink Show February 20, 2011 * CoreLogic released its latest report this week. And the numbers seem to tell quite a different story from the one we’ve been hearing from the Realtors. CoreLogic says it home sales and home inventory numbers were very similar to the Realtors until 2006, when they began to diverge. One wonders whether the Realtors’ surveys are purposefully undercounting negative news and overcounting what passes for “positive news these days. Could the Realtors be wrong about what’s going on in the housing market? And, if so, what does that really say about the state of housing in the US right now? Get more information and links at Ilyce’s blog.
Industry Reaction to Obama Admin Proposal to Phase Out Fannie Mae and Freddie Mac
Industry reaction from California Association of Realtors to Obama Admin proposal to phase out Fannie Mae and Freddie Mac. Obama Administration and Treasury Secretary Timothy Geithner call for a housing overhaul and the winding down of Fannie Mae and Freddie Mac. Treasury Secretary Timothy Geithner called for a mortgage system overhaul and the wind down of Fannie Mae and Freddie Mac and the California Association of Realtors had a negative industry reaction to the obama admin proposal.
Obama Administration Calls For Housing Overhaul, Winding Down of Fannie Mae and Freddie Mac
Obama Administration and Treasury Secretary Timothy Geithner call for a housing overhaul and the winding down of Fannie Mae and Freddie Mac. Treasury Secretary Timothy Geithner called for a mortgage system overhaul and the wind down of Fannie Mae and Freddie Mac. Treasury Secretary Timothy Geithner proposed three options to Congress for the wind down of Fannie Mae and Freddie Mac
Mortgage Application Turned Down Because of Developer Owned Units
With the new tighter lending standards, a mortgage application can be turned down for many reasons. One of the reasons a mortgage application may be turned down is if there are a lot of developer owned units in the building or development you’re interested in. Consult with your real estate agent and your mortgage lender to find out if developer owned units will result in your mortgage getting turned down.
Refinancing a Mortgage on a Rental Property
The current, historically low interest rates on mortgages can help rental property owners as well as regular home owners. By refinancing a rental property mortgage, owners can save on interest. Ilyce Glink explains what you need before you can refinance. She also notes that Fannie Mae and Freddie Mac can help rental property owners with refinancing on up to ten properties.
