Category: Federal Home Loan Mortgage Corp (Freddie Mac)

Mortgage Rates, Now 6.5%, Hit Highest Level Since War Began

The New York Times – Business:
The average rate on a 30-year mortgage rose amid growing concerns over inflation and as the war with Iran showed no sign of ending.
Mortgage Rates Jump Again as Iran War Effects Ripple Through Housing Market

The New York Times – Business:
The average rate on a 30-year mortgage in the United States hit 6.38 percent, the fourth increase since the war began.
U.S. Mortgage Rates Fall Below 6% for First Time in Years

The New York Times – Business:
The evidence is patchy on whether lower rates have meaningfully spurred more activity, as the Trump administration floats measures it says will make housing more affordable.
Big Plan for Fannie and Freddie I.P.O. in Flux as Trump Pushes Affordability

Six months after President Trump told Wall Street banks to prepare a swift stock offering, there is no firm plan for how to take the giant mortgage firms public.
As Trump Pushes Housing Affordability, His Mortgage Chief Undermines It

Under Bill Pulte, Fannie Mae and Freddie Mac have pulled away from efforts to help low-income people buy homes.
Facing Political Pressure, Trump Seeks Answer to Rising Housing Costs

White House officials have explored a vast array of ideas as the president looks to unfurl a housing affordability plan at an economic conference this month.
Trump Orders Fannie and Freddie to Buy $200 Billion in Mortgage Bonds

The move, a bid to make homes more affordable, would be a back-to-future moment for the two mortgage firms. Buying risky mortgage bonds helped push them to near-bankruptcy in 2008.
Buying a House Is Expensive. But There Are Some Ways to Rein In Costs.

The Trump administration has proposed 50-year and “portable” mortgages to make home buying more affordable. But housing experts offer other suggestions.
Deception? Conflicting Paperwork? Clerical Error? How a Politician’s Mortgages Can Get Muddy

Mortgage fraud allegations, like those President Trump has leveled against Lisa Cook, are hard to prove. A New York Times review of the holdings of other Washington officials shows how multiple mortgages can invite questions even when people act properly.
Mortgage Fraud Claims Give Trump Weapon Against Lisa Cook and Others

The director of Federal Housing Finance Agency could win the president an opening on the Federal Reserve board.
Trump Seeks to Sell Fannie Mae and Freddie Mac Shares to Public Investors

More than a decade after the government bailed out the mortgage giants, the Trump administration is looking for a partial stock-market exit.
Mortgage Lenders Can Soon Use VantageScore. Is That Good for Borrowers?

A top housing finance regulator announced that Fannie Mae and Freddie Mac would allow lenders to use the traditional FICO score or one from a rival, VantageScore.