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BofA settlement: $9.5B to settle Fannie Mae and Freddie Mac claims

BofA settlement: $9.5B to settle Fannie Mae and Freddie Mac claims

March 27 (UPI) -- Bank of America to pay $6.3 billion to Fanny Mae and Freddie Mac, and repurchase residential mortgage-backed securities worth $3.2 billion.
Danielle Haynes

Deal completed on housing mortgage reform

WASHINGTON, March 11 (UPI) -- A housing reform deal, including the overhaul of mortgage lenders Fannie Mae and Freddie Mac, has been reached, Senate Banking Committee leaders said Tuesday.

Rates on fixed-rate mortgages ease back

WASHINGTON, Feb. 27 (UPI) -- Interest rates on fixed-rate loans rose for the fourth consecutive week, while adjustable rates eased back, the Federal Home Loan Mortgage Corp. said Thursday.

Home prices up 11.3 percent in 2013

WASHINGTON, Feb. 25 (UPI) -- U.S. home prices rose 11.3 percent in 2013, the closely watched S&P/Case-Shiller Home Price Index report said Tuesday.

Mortgage rates edge higher in week

WASHINGTON, Feb. 20 (UPI) -- Interest rates on long-term mortgage rose with a push from the rising yield on benchmark Treasuries, the Federal Home Loan Mortgage Corp. said Thursday.
Politics 2014: Internet helps out when politicians have memory lapses

Politics 2014: Internet helps out when politicians have memory lapses

Political memory sure has been aided and abetted by the Internet, where nothing really is deleted, removed or otherwise pulled out of the public arena.
NICOLE DEBEVEC, United Press International

Long-term lending rates little changed in week

WASHINGTON, Feb. 13 (UPI) -- Interest rates on mortgage loans were little changed in a week with few influential economic reports, the Federal Home Loan Mortgage Corp. said Thursday.
Mortgage rates decline in week

Mortgage rates decline in week

WASHINGTON, Feb. 6 (UPI) -- Interest rates on mortgage loans dropped for the fourth consecutive week, due to weak economic data, the Federal Home Loan Mortgage Corp. said Thursday.
Mortgage loans get cheaper in the past week

Mortgage loans get cheaper in the past week

WASHINGTON, Jan. 30 (UPI) -- Interest rates on mortgage loans dropped for the third consecutive week, in part due to weak housing data, the Federal Home Loan Mortgage Corp. said Thursday.

Mortgage rates mostly lower in week

WASHINGTON, Jan. 23 (UPI) -- Long-term U.S. mortgage rates dropped in the week ending Thursday in part due to low inflation, the Federal Home Loan Mortgage Corp. said.

Home prices rose marginally in November

WASHINGTON, Jan. 23 (UPI) -- U.S. home prices rose 0.1 percent in November, the Federal Housing Finance Agency said Thursday.

U.S. mortgage rates staying steady this week

WASHINGTON, Jan. 9 (UPI) -- A week light on economic reports is keeping long-term mortgage lending rates stable, the Federal Home Loan Mortgage Corp. said Thursday.

FHFA settlements for 2013 reached $7.9 billion

WASHINGTON, Jan. 2 (UPI) -- The U.S. Federal Housing Finance Agency said Thursday it had collected $7.9 billion in settlements from financial firms in 2013.

Mortgage rates rise in week

WASHINGTON, Jan. 2 (UPI) -- Interest rates on long-term, fixed-rate mortgages were higher in the week ending Thursday, the Federal Home Loan Mortgage Corp. said.
Countrywide to cost BofA 30 times its purchase price

Countrywide to cost BofA 30 times its purchase price

CHARLOTTE, N.C., Dec. 27 (UPI) -- Bank of America could pay 30 times what it paid for Countrywide Financial Corp. in fines and fees connected to the deal, the U.S. bank's figures show.
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Wiki

The Federal Home Loan Mortgage Corporation (FHLMC) (NYSE: FRE), known as Freddie Mac, is a government sponsored enterprise (GSE) of the United States federal government. Freddie Mac has its headquarters in the Tyson's Corner CDP in unincorporated Fairfax County, Virginia.

The FHLMC was created in 1970 to expand the secondary market for mortgages in the US. Along with other GSEs, Freddie Mac buys mortgages on the secondary market, pools them, and sells them as mortgage-backed securities to investors on the open market. This secondary mortgage market increases the supply of money available for mortgages lending and increases the money available for new home purchases. The name, "Freddie Mac", was a acronym of the company's full name that had been adopted officially for ease of identification (see "GSEs" below for other examples).

On September 7, 2008, Federal Housing Finance Agency (FHFA) director James B. Lockhart III announced he had put Fannie Mae and Freddie Mac under the conservatorship of the FHFA (see Federal takeover of Fannie Mae and Freddie Mac). The action has been described as "one of the most sweeping government interventions in private financial markets in decades".

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Freddie Mac."
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