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U.S. announces mortgage affordability plan

Nov. 12, 2008
Federal officials hope that the simpler, quicker procedure for modifying loans held by Fannie Mae and Freddie Mac will keep struggling homeowners from losing their houses. The latest government-backed effort to stem the country's soaring rate of foreclosures could help several hundred thousand...
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Mortgage rates drop again

WASHINGTON, Dec. 4 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages fell dramatically during the week, the Federal Home Loan Mortgage Corp. said Thursday.

Treasury may be considering mortgage help

WASHINGTON, Dec. 4 (UPI) -- The U.S. Treasury Department is considering direct intervention in the mortgage industry to drive down costs and lift the market, officials said.
U.S. mortgage rates mixed in week

U.S. mortgage rates mixed in week

WASHINGTON, Nov. 26 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages fell for the fourth straight week, the Federal Home Loan Mortgage Corp. said Wednesday.

Fannie and Freddie suspend foreclosures

WASHINGTON, Nov. 20 (UPI) -- Fannie Mae and Freddie Mac Thursday announced details of a plan to halt foreclosures and evictions from Thanksgiving until a week after New Year's.

Mortgage rates fall for 3rd straight week

WASHINGTON, Nov. 20 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages fell for the third consecutive week, the Federal Home Loan Mortgage Corp. said Thursday.
Freddie Mac seeks $14 billion bailout

Freddie Mac seeks $14 billion bailout

WASHINGTON, Nov. 14 (UPI) -- The Federal Home Loan Mortgage Co. said it had requested $14 billion in federal aid after posting third-quarter losses of $25.3 billion.
Mortgage plan falls short, Bair says

Mortgage plan falls short, Bair says

WASHINGTON, Nov. 12 (UPI) -- Federal Deposit Insurance Corp. chairman Sheila Bair said the U.S. Treasury's mortgage modification program unveiled Tuesday does not go far enough.
Obama staff chief was Freddie Mac director

Obama staff chief was Freddie Mac director

WASHINGTON, Nov. 7 (UPI) -- President-elect Barack Obama's new chief of staff was a Freddie Mac director while scandal brewed at the mortgage agency, government reports say.

U.S. mortgage rates rise in week

WASHINGTON, Oct. 30 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages increased in the week ending Oct. 30, the Federal Home Loan Mortgage Corp. said Thursday.

Mortgage rates drop slightly in week

WASHINGTON, Oct. 23 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages eased slightly in the week ending Oct. 23, the Federal Home Loan Mortgage Corp. said Thursday.

U.S. mortgage rates rose in recent week

WASHINGTON, Oct. 16 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages rose in the week ending Oct. 16, the Federal Home Loan Mortgage Corp. said Thursday.

Mortgage rates drop slightly in week

WASHINGTON, Oct. 9 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages declined in the week ending Oct. 9, the Federal Home Loan Mortgage Corp. said Thursday.

Report: Freddie Mac was shedding mortgages

WASHINGTON, Sept. 27 (UPI) -- Mortgage giant Freddie Mac was quickly shedding mortgages in an effort to raise cash when it was seized by the U.S. government, new figures show.

Freddie Mac drops two lobbyists

WASHINGTON, Sept. 26 (UPI) -- The Federal Home Loan Mortgage Corp. said Friday it is laying off two lobbyists following the U.S. government takeover of the lender this month.

McCain aide's firm paid by Freddie Mac

WASHINGTON, Sept. 24 (UPI) -- The firm of a top aide to John McCain received payments from troubled Freddie Mac, two people with knowledge about the situation said.
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
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Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler