Freddie Mac released its financial reports for the first quarter of 2010 showing a net loss of 6.7 billion and announced that its Conservator, the Federal Housing Finance Agency (FHFA), will be asking the Department of the Treasury for a draw of $10.6 billion under the Senior Preferred Stock Purchase...
What a fascinating and tumultuous time is upon us! Both the housing and the mortgage market are convulsing wildly! There are so many facets to the "big picture" that I would never presume have all the answers, so the following disclaimer is in order: I am a mortgage broker and the following is my opinion...
The OFHEO House Price Index (HPI) usually doesn't get too much attention (except here where we regard it as the best, or at least the most interesting of the periodic housing indicators) but this time around people began anticipating it days before it was actually issued and there was speculation that...
The Office of the Chief Economist of Freddie Mac issued its monthly economic outlook for July on Monday and, in the narrative provided a helpful analysis of the reasons for the confusing messages emerging from various reports on current house prices. The outlook states the obvious; the housing market...
It's not exactly like waiting for Christmas or the first day of summer vacation, but we do look forward to the release of our favorite housing report each quarter; the Office of Federal Housing Enterprise Oversight (OFHEO) House Price Index . The HPI uses information from Freddie Mac and Fannie Mae ...