Freddie Mac (OTCQB: FMCC) has released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.21 percent. “The rebound in homebuyer demand continued this week, driven by mortgage rates that hover near ...

Tagged with: Freddie Mac

Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.50 percent. “The Federal Reserve’s swift and significant efforts to stabilize the market were much needed and ...

Tagged with: Freddie Mac

Freddie Mac (OTCQB: FMCC) today reiterated that borrowers in forbearance living in homes owned by the company have many options to repay missed payments and are never required to choose doing so in one lump sum. Freddie Mac CEO David ...

Tagged with: Freddie Mac

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 ...

Tagged with: Freddie Mac

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 ...

Tagged with: Freddie Mac

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 ...

Tagged with: Freddie Mac

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 ...

Tagged with: Freddie Mac