Freddie Mac eyes expansion in apartment financing: report
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Freddie Mac  is set to propose  to its management and regulators that it be allowed to create  and sell bonds backed by multifamily mortgages, a move that  would help it expand into apartment financing, The Wall Street  Journal reported on Monday.
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Mortgage rates around the country crept up this week, although 30-year mortgages still were below the 6 percent level for a fourth straight week, Freddie Mac reported Thursday.
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A federal regulator yesterday adjusted restraints on Fannie Mae and Freddie Mac, saying the changes will allow the government-sponsored mortgage-funding companies to buy more subprime loans and help borrowers avoid foreclosure.
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Illinois Attorney General Lisa Madigan has launched an investigation into the business practices of the nation's biggest mortgage lender and said yesterday that the office may expand its probe into how homeowners were approved for mortgages far beyond their means.
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Securities regulators told Freddie Mac yesterday that they are considering bringing civil charges against the mortgage giant for allegedly manipulating its reported earnings, Freddie Mac confirmed.
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Countrywide Financial Corp , the largest U.S. mortgage lender, said on Thursday it has lined up $12 billion of financing to help weather a housing slowdown that has reduced loan demand and will lead to widespread layoffs.
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Mortgage rates climbed for the second consecutive week on news that the economy may soon be improving, according to surveys conducted by mortgage buyer Freddie Mac and Bankrate.
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Countrywide Financial Corp , whose shares have tumbled on concern it might not survive the nation's housing crisis, said on Wednesday it made more loans than expected in the fourth quarter, though foreclosures among loans it services increased.
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The chairman of the Federal Reserve urged Congress to bolster regulation of the mortgage giants Fannie Mae and Freddie Mac.
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Interest rates on U.S. 30-year and 15-year mortgages rose in the latest week as an improving economy stoked fears of inflation, mortgage finance company Freddie Mac said on Thursday.
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US Democratic presidential candidate Sen. John Kerry said he would expand the low-income housing focus of mortgage finance companies Fannie Mae and Freddie
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Freddie Mac FRE.N, the No. 2 U.S.  mortgage finance company, on Monday said it will restructure  its securities and sales trading group as part of an effort to  streamline its business operations.
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Freddie Mac, the second biggest provider of financing for US residential mortgages, said ``significant&#39;&#39; revisions are still required before it can resume quarterly reports of its earnings.
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Interest rates on US 30-year and 15-year mortgages rose in the week as the market digested October&#39;s strong jobs report which showed economic growth may be gaining steam, mortgage finance company Freddie Mac said on Thursday
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The US Department of Housing and Urban Development (HUD) will propose an easing of rules that will require Fannie Mae (FNM.N: Quote, Profile, Research) and Freddie Mac (FRE.
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Freddie Mac (FRE.N), the No. 2 U.S. mortgage finance company, on Wednesday said it may face civil action from the U.S. Securities and Exchange Commission for possible violations of securities laws.
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Freddie Mac , the No. 2 U.S. mortgage finance company, said on Monday it will no longer serve as a broker dealer in the multi-trillion-dollar mortgage bond market, a move some said is designed to lower risk and placate regulators.