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Items Tagged with 'Freddie Mac'

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  • New York man admits to playing key role in massive multifamily real estate scandal

    Scam defrauded M&T Bank, Berkadia Commercial Mortgage, others
    A New York man has admitted to taking part in a massive multifamily real estate scandal that harkens back to some of the darkest parts of the housing crisis, including fake residents, fake incomes, and inflated mortgages. The charges stem from an investigation that the Wall Street Journal previously called “one of the biggest mortgage-fraud probes since the financial crisis.”
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  • Freddie Mac: Mortgage rates decline amid economic uncertainty

    The 30-year fixed-rate mortgage averaged 4.31% this week
    Mortgage interest rates reversed course this week, falling across the board, according to the latest Freddie Mac Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said mortgage rates declined decisively this week amid various market reports, a strong bond auction and further uncertainty around the Brexit deal, which all contributed to driving bond yields lower.
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  • Is Fannie, Freddie's role in the housing market beginning to shrink?

    A growing number of non-conforming loans are flowing to the private market as investors get in on the game
    Private investors are buying non-conforming mortgage loans – which are usually the domain of Fannie Mae and Freddie Mac – at a growing rate. According to The Wall Street Journal, the number of loans that meet Fannie and Freddie standards for purchase are instead flowing to the private market. Banks and financial institutions are pooling them into bonds and selling them to investors without government backing, the WSJ said, calling it a consequential sign of changing dynamics.
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  • Freddie Mac: Mortgage rates finally push forward

    The 30-year fixed-rate mortgage averaged 4.41% this week
    After weeks of moderation, mortgage interest rates finally rose, according to the latest Freddie Mac Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said while mortgage rates very modestly rose this week, they remain below last year's levels for the fourth consecutive week.
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  • Housing industry to FHFA: Go slow on GSE reform

    Letter encourages agency to make affordable housing a priority
    Talk of housing reform is heating up, and now several members of the housing industry are encouraging the FHFA not to go too fast, and to make sure affordable housing remains a priority throughout the process.
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  • Freddie Mac invests $61 million in housing for families displaced by Hurricane Harvey, others

    Launches new LIHTC fund to provide housing for homeless individuals
    Freddie Mac, which re-entered the Low-Income Housing Tax Credit market last year for the first time in nearly 10 years, is making another investment in affordable housing. The government-sponsored enterprise announced Monday that it closed a LIHTC fund with National Equity Fund and made three investments, totaling more than $61 million.
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  • Freddie Mac: February forecast hints at a mortgage market slowdown

    Freddie predicts lower mortgage rates will decelerate growth of total home sales
    This year’s mortgage market is projected to grow modestly, as both mortgage and interest rates slide further, according to Freddie Mac’s February Forecast. Freddie Mac Chief Economist Sam Khater said single-family mortgage originations are expected to reach $1.69 trillion in 2019.
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  • FHFA releases final rule on Fannie, Freddie single security

    GSEs will officially begin issuing the security on June 3
    Following years of planning, the Federal Housing Finance Agency announced that the Uniform Mortgage-Backed Security is almost here. The FHFA issued its final rule for the single mortgage-backed security that will be issued by both Fannie Mae and Freddie Mac.
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  • Freddie Mac: Mortgage rates hold steady, hinting at favorable spring homebuying season

    Once again, the 30-year fixed-rate mortgage averaged 4.35% this week
    After falling for three consecutive weeks, mortgage rates remained virtually stagnant, according to the latest Freddie Mac Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said the general decline in rates, combined with rebounding pending home sales, hint at a strong spring homebuying season.
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