Freddie Mac Streamlines Its Operations
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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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WASHINGTON - Mortgage finance company Freddie Mac yesterday agreed to pay $50 million to settle Securities and Exchange Commission charges that it fraudulently misstated earnings over four years.
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New mortgage accelerator loans promise faster debt repayment.
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US mortgage finance companies Fannie Mae (FNM.N: Quote, Profile, Research) and Freddie Mac (FRE.N: Quote, Profile, Research) met affordable housing goals in
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Mortgage giant Freddie Mac is shutting down some operations of its debt-securities sales division and transferring others -- moves that experts said should
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Mortgage giant Freddie Mac said yesterday it will no longer buy those high-risk home mortgages that it deems to be the most vulnerable to foreclosure. The move came amid a deteriorating market for subprime loans affected by slumping home prices and rising interest rates
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The Federal Home Loan Bank of Seattle, one of 12 regional institutions that provide money to home lenders, is seeking to branch into the turf of mortgage-finance giants Fannie Mae and Freddie Mac.
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YESTERDAY Close $60.07 Change -$3.18 52-WEEK High $71.92 Low $54.97 Freddie Mac, the nation's number two buyer and backer of home mortgages, set aside more than $300 million in the second quarter to account for bad loans, contributing to a 45 percent drop in profit.
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Freddie Mac (FRE.N: Quote, Profile, Research) , the No. 2 US mortgage finance company, on Monday said it will shutter its broker-dealer business unit in a step
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New government-set goals for mortgage giants Fannie Mae and Freddie Mac to make home ownership affordable have been eased slightly from the targets proposed earlier this year, the Housing and Urban Development Department said Monday.
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The gain comes amid turmoil in the home loan market and reverses several quarterly losses for Freddie Mac, which buys mortgages and guarantees the performance of home loans.
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Freddie Mac (FRE.N: Quote, Profile, Research) , the No. 2 US mortgage finance company, on Wednesday said it may face civil action from the US Securities and Exchange Commission for possible violations of securities laws.
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Fannie Mae and Freddie Mac will have to increase their funding of mortgages for low- and moderate-income home buyers, under a new rule the Department of Housing and Urban Development announced yesterday.
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Freddie Mac, the government-chartered mortgage company that restated earnings by $5 billion, said yesterday that it might be the subject of a civil lawsuit by the Securities and Exchange Commission.
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Mortgage rates rose slightly this week, but 30-year fixed-rate mortgage averages this year were the second lowest in 32 years, according to Freddie Mac.
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Mortgage companies Fannie Mae and Freddie Mac last year met the government-set goals for making home ownership affordable, but only because three unusual multibillion-dollar deals were counted toward the targets, officials said 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.