Key Findings: An unprecedented number of renters (84%) believe renting is more affordable than owning, an all-time high for the survey and up 17 percentage points from February 2018. Regardless, affordability issues continue to affect renters more than owners, as ...

Tagged with: Freddie Mac

Freddie Mac has announced that Mark H. Bloom has been elected to its Board of Directors effective November 25, 2019. Currently, Bloom is Global Chief Technology Officer and a member of the Management Board of Aegon N.V., a multinational life ...

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According to Freddie Mac’s (OTCQB: FMCC) December Forecast, the housing market will continue to stand firm as home sales increase from 6.0 million in 2019 to 6.2 million in 2020 and, to 6.3 million in 2021. “A more accommodative monetary ...

Tagged with: Freddie Mac

Freddie Mac (OTCQB: FMCC) has announced that Frank Nazzaro has been named executive vice president and chief information officer (CIO) of the company. He is a member of the senior operating committee and reports directly to CEO David Brickman. Nazzaro, ...

Tagged with: Freddie Mac

WASHINGTON — Mortgage giant Freddie Mac reported net income of $2.3 billion for the third quarter, reversing a loss in the same period of 2015. The government-controlled company said Tuesday its fees from lenders for backing mortgages increased and the ...

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WASHINGTON (AP) — Mortgage giant Freddie Mac reported a net loss of $354 million for the first quarter, mostly due to losses it sustained on the investments it uses to hedge against swings in interest rates. The government-controlled company said ...

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NEW YORK (AP) — Freddie Mac, the government-controlled mortgage company, said its net income jumped in the fourth quarter on higher interest rates. It also said Thursday that it will pay a dividend to the U.S. Department of Treasury of ...

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WASHINGTON  — Average long-term U.S. mortgage rates declined this week, approaching historically low levels with the spring home-buying season underway. Mortgage giant Freddie Mac said Thursday the national average for a 30-year fixed-rate mortgage slipped to 3.66 percent from 3.70 ...

Tagged with: Freddie Mac U.S mortgage rates

WASHINGTON  — Average long-term mortgage rates have fallen for the first time in four weeks and remain near historic lows reached in May 2013. Mortgage giant Freddie Mac said Thursday that the national average for a 30-year, fixed-rate mortgage fell ...

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WASHINGTON  — Average long-term U.S. mortgage rates fell for the fourth straight week, with the benchmark 30-year rate again marking its lowest level since May 2013. The average for a 15-year mortgage, a popular choice for people who are refinancing, ...

Tagged with: Freddie Mac