facebook
twitter
rss
account
search
search
Headlines
Existing home sales rise to eight-month high

Existing home sales rise to eight-month high

WASHINGTON, July 22 (UPI) --Existing home sales grew in June to an eight-month high, a sign the housing market is improving on account of lower mortgage rates and higher supply.
Ananth Baliga
UPI Almanac for Sunday, July 13, 2014

UPI Almanac for Sunday, July 13, 2014

UPI Almanac for Sunday, July 13, 2014
By United Press International
Senate approves Julian Castro to be housing secretary

Senate approves Julian Castro to be housing secretary

WASHINGTON, July 9 (UPI) --San Antonio Mayor Julian Castro was easily approved by the Senate to serve as the next secretary of Housing and Urban Development Wednesday.
Gabrielle Levy
Senate committee sends Castro nomination to final vote

Senate committee sends Castro nomination to final vote

WASHINGTON, June 25 (UPI) --A Senate committee approved the nomination of Julian Castro to be the secretary of Housing and Urban Development, sending his nomination to a final vote.
Gabrielle Levy
Home prices in 20 cities rise but at a slower pace

Home prices in 20 cities rise but at a slower pace

NEW YORK, June 24 (UPI) --U.S. home prices increased slower than expected in April and yearly price growth dropped to its lowest in the last year, according to data released Tuesday.
Ananth Baliga
Senate Banking Committee approves bill to shutter Fannie and Freddie

Senate Banking Committee approves bill to shutter Fannie and Freddie

WASHINGTON, May 15 (UPI) --The Senate Banking Committee advanced legislation to make changes to the housing finance system, including getting rid of Fannie Mae and Freddie Mac.
Gabrielle Levy
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.
Prev
Page 1 of 16
Photos
Freddie Mac
David Kellermann, acting chief financial officer at Freddie Mac, was found dead of an apparent suicide on April 22, 2009 in Vienna, Virginia, in suburban Washington, DC. Kellermann, 41, was named to the position in September, 2008, when the federal government took control of the financially-troubled company and ousted its top executives. In recent weeks, Kellermann apparently received a controversial $800,000 bonus. (UPI Photo/HO)
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."
Most Popular
1
Who is the 'Woman in Black' roaming U.S. highways?
2
Army receives first advanced CH-47F helicopter variant
3
Oklahoma shook by three earthquakes in less than 48 hours
4
Jennifer Aniston surprised by Justin Theroux during photo shoot
5
Washington soldier claims Popeyes Louisiana Kitchen worker spiked his drink
x
Feedback