Articles Tagged with ''Freddie Mac''

Freddie Mac: Mortgage rates gradually increase

Stability attributed to economic pressure and subdued wage growth
Mortgage rates held steady this week, moderately increasing, according to Freddie Mac’s latest Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said despite recent market volatility, mortgage rates remained steady this week.
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Fannie Mae and Freddie Mac issue relief policies in wake of devastating California wildfires

Victims will be eligible for up to 12 months of mortgage forbearance
California’s wildfires have ravaged the state, claiming the lives of 44 people and destroying more than 100,000 acres. In response to this threat, Fannie and Freddie are reminding victims that mortgage assistance options are available for those affected by these deadly fires.
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This is how much California's wildfires could cost homeowners

More than $2 billion worth of homes at risk
Wildfires are continuing to rage across the state of California, claiming the lives of at least 31 people and destroying more than 4,531 acres. An analysis by Realtor.com indicates that residents belonging to Butte and Ventura counties will have an especially hard time finding replacement homes.
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Freddie Mac: Mortgage rates hit 7-year high

Coastal markets see price deceleration
Mortgage rates have now reached a seven-year high, according to Freddie Mac’s latest Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said the strength of the economy, strong business activity and employment growth are responsible for the climb.
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Freddie Mac names Deborah Jenkins head of multifamily

Was originally set to take over on Jan. 1, 2019
Deborah Jenkins is now officially running Freddie Mac’s multifamily business, two months ahead of schedule. Jenkins, who previously served as Freddie Mac’s senior vice president of multifamily underwriting and credit, was promoted to executive vice president and head of the GSE’s multifamily operations back in September. Jenkins was originally set to take over those roles on Jan. 1, 2019, but the GSE announced Monday that Jenkins is assuming the roles immediately.
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Cash-out refis haven’t been this prevalent since the financial crisis

But unconcerned experts say borrowers are extracting less equity than before
The volume of cash-out refinance loans hasn’t been this high since 2008, but experts at the Urban Institute say that when put into context, there’s no cause for alarm. “In an environment of home price appreciation, people commonly tap into their home equity,” the authors wrote, adding that the total amount of equity cashed out is well below pre-crisis totals.
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Bloomberg article targets one of Fannie and Freddie's biggest naysayers

Josh Rosner's beef with IRS grabs some media attention
According to Robert Schmidt, reporting for Bloomberg, vocal GSE critic Josh Rosner, who successfully runs a financial services business, is claiming financial disability is responsible for him not filing taxes accordingly. And now, Rosner wants his refund but the IRS is saying, "not so fast, loudmouth."
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