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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.

Home prices rose in October

WASHINGTON, Dec. 24 (UPI) -- U.S. home prices rose 0.5 percent in October from September, the Federal Housing Finance Agency said Tuesday.

U.S. Senate approves John Koskinen to lead IRS

WASHINGTON, Dec. 21 (UPI) -- The United States had a new top tax collector this weekend following Friday's confirmation vote in the U.S. Senate.

Deutschebank agrees to pay $1.9 billion to settle with U.S. agency

WASHINGTON, Dec. 20 (UPI) -- Deutsche Bank announced Friday it has agreed to pay a $1.9 billion penalty to the U.S. Federal Housing Finance Agency.
Politics: Congress' to-do list could require time it doesn't have

Politics: Congress' to-do list could require time it doesn't have

The good news for the U.S. Congress is that members have the month of December to complete their laundry list of items -- including a farm bill, food stamps, a budget for the fiscal year that began Oct. 1, a slew of presidential nominations, possibly revisiting unemployment benefits, maybe take up imposing more sanctions on Iran -- before 2014.
NICOLE DEBEVEC, United Press International

Long-term U.S. mortgage rates jump in week

WASHINGTON, Dec. 5 (UPI) -- Interest rates on long-term, fixed-rate mortgages jumped in the post-Thanksgiving holiday week, the Federal Home Loan Mortgage Corp. said Thursday.

BofA settles loan claims with Freddie Mac for $404 million

CHARLOTTE, N.C., Dec. 2 (UPI) -- U.S. finance giant Bank of America said Monday it would pay $404 million to settle all claims brought by the Federal Home Loan Mortgage Corp.
Long term mortgage rates rise in week

Long term mortgage rates rise in week

WASHINGTON, Nov. 27 (UPI) -- The Federal Home Loan Mortgage Corp. said long-term lending rates rose slightly in the week prior to the Thanksgiving holiday.
Home prices make solid gains in third quarter

Home prices make solid gains in third quarter

NEW YORK, Nov. 26 (UPI) -- U.S. home prices posted gains in the third quarter, private and public reports released Tuesday show.
Mortgage rates slide on weak economic data

Mortgage rates slide on weak economic data

WASHINGTON, Nov. 21 (UPI) -- The Federal Home Loan Mortgage Corp. said long-term lending rates fell in the week ending Thursday due to weak economic data.
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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."
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