BOSTON  — A federal judge has dismissed a lawsuit filed by Attorney General Martha Coakley against the Federal Housing Finance Agency and mortgage giants Fannie Mae and Freddie Mac, saying the court doesn’t have oversight of the matter. Coakley sued ...

Tagged with: Fannie Mae Federal Housing Finance Agency foreclosures Freddie Mac

WASHINGTON  — A federal regulator says government-controlled mortgage giants Fannie Mae and Freddie Mac have reached an agreement with major banks that could expand lending. The head of the Federal Housing Finance Agency, which oversees Fannie and Freddie, announced the ...

Tagged with: Fannie Mae Freddie Mac Mortgage BAnkers Association

WASHINGTON  — Average U.S. mortgage rates declined slightly this week, hovering near their lows for the year. Mortgage company Freddie Mac said Thursday that the nationwide average for a 30-year loan slipped to 4.12 percent from 4.13 percent last week. ...

Tagged with: Freddie Mac U.S mortgage rates

NEW YORK  — A federal judge imposed a $1.3 billion civil penalty against Bank of America on Wednesday for its role in selling risky mortgages to Fannie Mae and Freddie Mac that were advertised as safe investments. The fine was ...

Tagged with: Bank of America Fannie Mae Freddie Mac

In his first remarks since taking office as director of the Federal Housing Financing Agency, former Charlotte congressman Mel Watt indicated a shift in policy that may make more loan money available to borrowers. As the regulator in charge of ...

Tagged with: Fannie Mae Freddie Mac Mel Watt mortgage

A third of the nation’s U.S. senators have sent a letter to Mel Watt, the new head of the Federal Housing Finance Agency and a former U.S. congressman from Charlotte, asking him to use funds from Fannie Mae and Freddie ...

Tagged with: Fannie Mae Federal Housing Finance Agency Freddie Mac Mel Watt

In recent weeks, there has been a noticeable drop in home sales in certain areas. This has raised the level of concern of many consumers who think this is a trend that might spark another major downturn in the real ...

Tagged with: Federal Reserve Freddie Mac home sales Jim Woodard National Association of Realtors

Come Jan. 10, it may become more difficult for homeowners to obtain a mortgage. That’s when a host of new rules come into effect. Most notable among the changes for borrowers will be the ability-to-repay and qualified mortgage rules that ...

Tagged with: Bank of America Consumer Financial Protection Bureau Fannie Mae Freddie Mac Mel Watt

Strong increases in both single-family and multifamily starts raised our nationwide housing production 22.7 percent to a seasonally adjusted annual rate of 1.09 million in November, according to figures released by the Department of Housing and Urban Development and the ...

Tagged with: David Crowe Department of Housing and Urban Development Fannie Mae Federal Housing Finance Agency Freddie Mac Jim Woodard National Association of Home Builders Real Trends rick judson U.S. Census Bureau

WASHINGTON  — Average U.S. rates for fixed mortgages crept higher this week but remained low by historical standards. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan increased to 4.48 percent from 4.47 percent last week. ...

Tagged with: 2013 Commerce Department Federal Reserve Freddie Mac National Association of Realtors