Freddie Mac

Freddie Mac, long name- Federal Home Loan Mortgage Corporation, is a GSE (Government Sponsored Enterprise), and is commonly mistaken to be a Government Agency.  Though put under conservatorship of the Federal Housing Finance Agency in September of 2008, the purpose of Freddie Mac has been little changed.  The purpose of Freddie Mac is to function in the Mortgage Backed Securities Arena as a guarantor of mortgages for a fee.

Slight Uptick Reported on 30 Year Mortgage Rates

ST LOUIS, MO (STL.NEWS)  This morning, Freddie Mac reported weekly 30 year mortgage rates ticked slightly up for the most recent week.  Reporting 30 mortgage rate of 4.41 percent, this slight move up is still under levels from last year at this time. As seen in the graphic below provided by wichitaksrealty news, although rates … Continue reading Slight Uptick Reported on 30 Year Mortgage Rates

BSI Financial Services Announces Strategy to Purchase Mortgage Servicing Rights

  IRVING, TEXAS/ FEBRUARY 25, 2019 (STL.News) BSI Financial Services, a mortgage servicing operations platform that is digitally transforming the mortgage loan process throughout the life cycle of a loan, announces that it has partnered with two institutional investors to purchase mortgage servicing rights (“MSR”). BSI Financial will source, perform due diligence and service MSR … Continue reading BSI Financial Services Announces Strategy to Purchase Mortgage Servicing Rights

Massachusetts News: BOSTON, Ludlow Couple Plead Guilty to Mail Fraud, Identity Theft, and Tax Evasion

BOSTON, Ms. – A Ludlow couple pleaded guilty yesterday in federal court in Springfield to mail fraud, identity theft, and tax evasion. Joanne Murray, 54, and James Murray, 53, each pleaded guilty to an Information charging them with one count of conspiracy to commit mail fraud, aggravated identity theft, and tax evasion. From approximately 2010 … Continue reading Massachusetts News: BOSTON, Ludlow Couple Plead Guilty to Mail Fraud, Identity Theft, and Tax Evasion

New Fed Mortgage Expands Mortgage Lending Into Pennsylvania

  DANVERS, MASS./ FEBRUARY 06, 2019 (STL.News) Massachusetts based New Fed Mortgage Corp., a multi-state residential mortgage lender is pleased to announce their approval by the Pennsylvania Department of Banking and Securities to lend in the state and is now able to serve the state of Pennsylvania with a wide array of mortgage programs. A … Continue reading New Fed Mortgage Expands Mortgage Lending Into Pennsylvania

Business News: Freddie Mac’s Home Possible® Reaches New Level of Support

MCLEAN, VA – Jan. 15, 2019 – Freddie Mac announced Tuesday that its flagship Home Possible® mortgage origination program has exceeded $50 billion in home mortgages that were provided to 262,328 families across the United States.  Home Possible assists low- to moderate-income home-buyers by offering a three-percent down payment solution from a variety of funding … Continue reading Business News: Freddie Mac’s Home Possible® Reaches New Level of Support

Freddie Mac News: Multifamily 2019 Outlook

TYSONS CORNER, VA – Jan. 17, 2019 – Freddie Mac is a publicly traded, government sponsored enterprise, ranked No. 38 on the 2018 Fortune 500 list of the U.S. corporations by revenue. A new analysis by Freddie Mac finds that performance in the multifamily market remained healthy during 2018 and is expected to continue into 2019, … Continue reading Freddie Mac News: Multifamily 2019 Outlook

US Realty News-Freddie Mac Reports 30 Year Mortgage Rates at 4.62 Percent

From US Realty News In a further continuing decline, albeit just a notch, of reported 30 year mortgage rates to 4.62 percent by Freddie Mac, the home mortgage loan market continues to show a bit of weakness in what is typically considered a slow seasonal time.  So this slight rate decrease was not what one … Continue reading US Realty News-Freddie Mac Reports 30 Year Mortgage Rates at 4.62 Percent

Mortgage Rate Reported at 3 Month Low

This article appeared first at USREALTY.NEWS In light of decreasing interest rates, geopolitical concerns, and even the anticipation of the Federal Reserve on the Federal Funds Rate, Freddie Mac has reported another weekly decline in 30 year mortgage rates to 4.63 percent. Visit USREALTY.NEWS for an interactive rate chart If this trend continues, 30 year … Continue reading Mortgage Rate Reported at 3 Month Low

Freddie Mac reports slight downtick in 30 year mortgages

A slight drop in reported 30 year mortgage rates by Freddie Mac continues to show a short term decline in rates.  With last weeks rise in 10 year treasuries, there was a possibility that we may have seen a slight increase, but this did not happen and we have experienced 3 continued weeks of either … Continue reading Freddie Mac reports slight downtick in 30 year mortgages

30 Year Mortgage Rates Hold Steady from Last Week

Freddie Mac has reported 30 year mortgage rates have held steady from last weeks drop, at 4.81 percent From USREALTY.NEWS This hold followed a drop in reported rates from October 11 rates of 4.9 percent and the range up to 4.94 percent reported at the November 8 to November 15 time frame. As rates steady … Continue reading 30 Year Mortgage Rates Hold Steady from Last Week

California REALTORS® applaud FHFA for raising Fannie Mae and Freddie Mac conforming loan limits

  LOS ANGELES/ Nov. 27 (STL.News) The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today issued the following statement in response to the Federal Housing Finance Agency’s (FHFA) announcement to increase the 2019 conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac to $484,350 on one-unit properties and a cap of $726,525 in high-cost … Continue reading California REALTORS® applaud FHFA for raising Fannie Mae and Freddie Mac conforming loan limits

Existing-Home Sales Increase for the First Time in Six Months

  WASHINGTON/ November 23, 2018 (STL.News) Existing-home sales increased in October after six straight months of decreases, according to the National Association of Realtors®. Three of four major U.S. regions saw gains in sales activity last month. Total existing-home sales1, https://www.nar.realtor/existing-home-sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 1.4 … Continue reading Existing-Home Sales Increase for the First Time in Six Months

Palm Beach County Home Sales Register Robust October 2018

  MIAMI, FLA.\ NOVEMBER 21, 2018 (STL.News) Total Palm Beach County home sales increased 17.1 percent year-over-year in October as median prices and dollar volume rose for all properties, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system. Palm Beach existing condo sales once again … Continue reading Palm Beach County Home Sales Register Robust October 2018

LendingQB Integrates with eOriginal to Enable eNotes For Mortgage Originators

  BALTIMORE/ NOVEMBER 14, 2018 (STL.News) eOriginal Inc. and LendingQB today announced an integration that enables the generation, execution and management of eNotes. The companies announced the integration on the eve of the MERS® eMortgage Boot Camp in Irvine, Calif. “LendingQB’s work with eOriginal is another milestone in the creation of an open ecosystem for … Continue reading LendingQB Integrates with eOriginal to Enable eNotes For Mortgage Originators

National Association of Realtors® Commends FHFA Decision to Abandon Single Family Rental Program

August 22, 2018 (STL.News) The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac will conclude their single-family rental pilot programs. National Association of Realtors® President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, issued the following statement commending the FHFA for its decision: “With … Continue reading National Association of Realtors® Commends FHFA Decision to Abandon Single Family Rental Program

US home sales fell 0.7 percent, 4th straight monthly decline

WASHINGTON/ August 22, 2018 (STL.News)— U.S. sales of existing homes slipped for the fourth consecutive month, declining 0.7 percent in July to the slowest pace in more than two years as the real estate market shows signs of cooling. The National Association of Realtors said Wednesday that homes sold last month at a seasonally adjusted … Continue reading US home sales fell 0.7 percent, 4th straight monthly decline

CoreVest Closes $6MM Loan with Freddie Mac Multifamily Pilot Program for Single-Family Rental

NEW YORK and IRVINE, Calif./ Aug. 2, 2018 (STL.News) — CoreVest, the leading lender to residential real estate investors, is pleased to announce the closing of a $6-million mortgage loan secured by a pool of 55 single-family rental homes. The properties, located in and around Kansas City, Missouri, are owned by Golden Pacific Capital’s GPC … Continue reading CoreVest Closes $6MM Loan with Freddie Mac Multifamily Pilot Program for Single-Family Rental

Fla. Housing Market: Median Prices Continue to Rise in June 2018

ORLANDO, Fla./ July 23, 2018 (STL.News) — Florida’s housing market reported rising median prices, fewer days to contract and a continuing tight supply of inventory in June, according to the latest housing data released by Florida Realtors®. “Florida is still experiencing a shortfall in for-sale homes in many local housing markets and that continues to … Continue reading Fla. Housing Market: Median Prices Continue to Rise in June 2018

Average US mortgage rates dip; 30-year at 4.52 percent

WASHINGTON/ July 20, 2018 (STL.News) — Long-term U.S. mortgage rates edged slightly lower this week. Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages slipped to 4.52 percent from 4.53 percent last week. Despite the decline in recent weeks, long-term loan rates have been running at their highest levels in seven years. … Continue reading Average US mortgage rates dip; 30-year at 4.52 percent

Average US mortgage rates edge up; 30-year at 4.53 percent

  WASHINGTON/ July 12, 2018 — Long-term U.S. mortgage rates edged higher this week, marking their first increase since early June. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages ticked up to 4.53 percent from 4.52 percent a week earlier. Despite the decline in recent weeks, long-term loan rates have … Continue reading Average US mortgage rates edge up; 30-year at 4.53 percent

Average US 30-year mortgage rates fall to 4.52 percent

WASHINGTON/ July 5, 2018  (STL.News)— Long-term U.S. mortgage rates fell this week, offering a slight degree of relief to would-be homebuyers. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages dropped to 4.52 percent from 4.55 percent a week ago. Rates have declined in five of the past six weeks. … Continue reading Average US 30-year mortgage rates fall to 4.52 percent

US long-term mortgage rates fall; 30-year at 4.57 percent

WASHINGTON/June 21, 2018 (AP)(STLRealEstate.News) — Long-term U.S. mortgage rates fell this week, marking their third decline in the past four weeks after increasing last week. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages was 4.57 percent, down from 4.62 percent last week. By contrast, the 30-year rate averaged 3.90 percent … Continue reading US long-term mortgage rates fall; 30-year at 4.57 percent

Existing-Home Sales Backpedal, Decrease 0.4 Percent in May

WASHINGTON/ June 20, 2018 (STLRealEstate.News) — Existing-home sales fell back for the second straight month in May, as only the Northeast region saw an uptick in activity, according to the National Association of Realtors®. Total existing-home sales1, https://www.nar.realtor/existing-home-sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 0.4 percent to a … Continue reading Existing-Home Sales Backpedal, Decrease 0.4 Percent in May

US home sales fell 0.4 percent in May amid inventory crunch

WASHINGTON/June 20, 2018 (AP)(STLRealEstate.News) — U.S. existing home sales slipped 0.4 percent in May, as the prolonged shortage of properties on the market is deterring home-buying. The National Association of Realtors said Wednesday that homes sold at a seasonally adjusted annual pace of 5.43 million in May, the second straight monthly decline. Sales have tumbled … Continue reading US home sales fell 0.4 percent in May amid inventory crunch

US long-term mortgage rates jump; 30-year at 4.62 percent

WASHINGTON/June 14, 2018 (AP)(STLRealEstate.News) — Long-term U.S. mortgage rates jumped this week after two straight weeks of declines, reaching their second-highest level this year. Against a backdrop of rising interest rates in the economy, long-term loan rates have been running at their highest levels in seven years. And the Federal Reserve on Wednesday raised its … Continue reading US long-term mortgage rates jump; 30-year at 4.62 percent

The Appraisal Foundation Hosts National Appraisal Forum to Discuss Appraisal Waivers and Hybrid Appraisals

WASHINGTON/ June 9, 2018 (STLRealEstate.News) — The Appraisal Foundation today convened the largest national gathering of organizations with an interest in valuation to provide a forum on emerging appraisal issues. Representatives from the Foundation’s two advisory councils, representing approximately 100 companies, non-profit organizations, and government agencies, were in attendance to hear presentations and exchange thoughts … Continue reading The Appraisal Foundation Hosts National Appraisal Forum to Discuss Appraisal Waivers and Hybrid Appraisals

US average mortgage rates fall; 30-year at 4.56 percent

WASHINGTON/May 31, 2018 (AP)(STLRealEstate.News) — Long-term U.S. mortgage rates fell this week, breaking a steady climb that pushed them to their highest levels in seven years. Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages was 4.56 percent, down from 4.66 percent last week. Amid the peak home buying season, the average … Continue reading US average mortgage rates fall; 30-year at 4.56 percent

US home sales fell 2.5 percent in April

WASHINGTON/May 24, 2018 (AP)(STLRealEstate.News) — U.S. sales of existing homes tumbled 2.5 percent in April — with the costs of buying a home jumping and would-be buyers facing a persistent shortage of properties on the market. The National Association of Realtors said Thursday that homes sold last month at a seasonally adjusted annual pace of … Continue reading US home sales fell 2.5 percent in April

US average mortgage rates at 7-year highs; 30-year 4.66 pct.

WASHINGTON/May 24, 2018 (AP)(STLRealEstate.News) — Long-term U.S. mortgage rates rose this week, continuing at their highest levels in seven years amid the peak home buying season. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages was 4.66 percent, up from 4.61 percent last week. Pushing toward the significant 5 percent level, … Continue reading US average mortgage rates at 7-year highs; 30-year 4.66 pct.

US average mortgage rates at 7-year highs; 30-year 4.61 pct.

WASHINGTON/ May 18, 2018 (AP)(STLRealEstate.News) — Long-term U.S. mortgage rates jumped this week, marking their highest levels in seven years amid the peak home buying season. The benchmark 30-year rate pushed toward the significant 5 percent level. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages was 4.61 percent, up from … Continue reading US average mortgage rates at 7-year highs; 30-year 4.61 pct.