Items Tagged with 'Freddie'

ARTICLES

  • Freddie Mac reports income of $2.6 billion in Q3

    Expected to pay $2.6 billion to Treasury
    Freddie Mac reported Wednesday it posted a comprehensive income of $2.6 billion in the third quarter of 2018. However, the company reported its single-family origination volumes decreased by 6%. FTN Financial Group analyst Jim Vogel highlights that the current system has become dependent on outside capital.
    Read More
  • Freddie Mac: Mortgage rates reach 7-year high

    Escalating home prices putting downward pressure on purchase demand
    After weeks of climbing, mortgage rates have now risen to their highest level in seven years, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said down payments are the primary hurdle for many borrowers, and that's affecting sales high-priced markets.
    Read More
  • Freddie Mac kills 1% down payment mortgages

    Borrowers must now use their own money for entire 3% down
    Freddie Mac announced it is changing the requirements to its low down payment mortgage program and will no longer allow lenders to contribute gifts or grants to reach the 3% down requirement. Borrowers must now front the entire 3% down payment from their personal funds, meaning the industry can say goodbye to the 1% down mortgage, at least from Freddie Mac.
    Read More
  • Interest rates, falling production and policy weigh on mortgage industry

    Downbeat mood at MBA Secondary
    Depending on who you ask, talk of GSE reform is either all the rage or totally absent from the discussion at the MBA Secondary conference taking place right now in New York City. Here, in a HousingWire exclusive, Christopher Whalen discusses his view of the GSE reform discussion (or lack thereof) and other observations from the conference.
    Read More
  • Urban Institute researcher urges more caution with GSE risk transfers

    What happens when market conditions deteriorate?
    As the government puts more and more effort into distancing taxpayers from mortgage credit risk, a different problem starts to brew. According new blog post from the Urban Institute, the government's efforts to reduce credit risk aren’t fail proof and could instead result in mortgage rates becoming significantly more volatile.
    Read More