Wed, Aug 22 2012, 2:24 PM
This is a frightening statistic, probably one of the most worrisome in
recent years: 25% of mortgage bankers and Realtors in the country are on
medi...
Tue, Aug 14 2012, 11:33 AM
Ninety-five percent of homeowners who
refinanced through Freddie Mac in the second quarter of 2012 chose a fixed rate
mortgage (FRM) according t...
Tue, Aug 7 2012, 11:01 AM
Freddie Mac announced this morning that it will not require
any infusion of cash from the U.S. Treasury following its profitable second
quarter op...
Wed, Aug 1 2012, 1:53 PM
"Big money goes around the world,
Big money underground.
Big money got a mighty voice,
Big money make no sound."
The world is watching Ol...
Tue, Jul 31 2012, 4:08 PM
Freddie Mac said today that it would
be opening up refinance opportunities to borrowers who are not underwater on
their existing Freddie Mac mortgag...
Thu, May 31 2012, 4:51 PM
The Federal Housing Finance Agency (FHFA) announced a new office to implement its Strategic Plan for Fannie Mae and Freddie Mac Conservatorships and...
Thu, May 24 2012, 11:51 AM
As part of its semi-annual report to Congress , the Federal Housing Finance Agency's (FHFA) Office of the Inspector General (OIG) included a section ...
Wed, May 23 2012, 10:40 AM
Here is an
interesting note for debt market students: Germany is scheduled today to sell
two-year bonds that won't make set
interest payments . Th...
Wed, May 23 2012, 4:16 PM
Freddie Mac said that first quarter 2011 economic data that has begun to emerge from various sources are, even though some is preliminary, beginnin...
Tue, May 22 2012, 9:35 AM
Pick an
overwhelming percentage, like 80 or 90%. Remember when residential loan
production wasn't "that" percent agency? Non-agency loans are still ...
Wed, May 16 2012, 2:15 PM
One of the themes discussed at the MBA’s recent conference in New York was the idea of “a merger” of the mortgage-backed securities issued by Fannie...
Mon, May 14 2012, 4:20 PM
Homeowners who refinanced through Freddie Mac in the first quarter of 2012 overwhelmingly picked fixed rate loans and 31 percent chose new loans that ...
Fri, May 11 2012, 10:09 AM
Freddie Mac has picked a former JPMorgan Chase executive as its new chief executive officer. The corporation announced late Thursday that Donald H. ...
Wed, May 9 2012, 11:39 AM
Freddie Mac said on Tuesday that only 21 percent of homeowners who refinanced during the first quarter took cash out of their homes . During the ...
Fri, May 4 2012, 10:30 AM
Tomorrow
is Cinco de Mayo, hence the real-life, true, yes, really true, well kind of
true tale at the end of the commentary . Anyway, tomorrow cele...
Thu, May 3 2012, 9:31 AM
Freddie Mac has reported net income for the first quarter of 2012 of $577 million and comprehensive income of $1.79 billion. The financial report, re...
Tue, May 1 2012, 9:30 AM
Another top executive at Freddie Mac has announced his intention to leave the company. Anthony Renzi , the company's executive vice president of Si...
Wed, Apr 25 2012, 10:34 AM
According to Freddie Mac's Monthly Volume Summary for March, the corporations' total mortgage portfolio decreased at an annualized rate of 2.9 per...
Fri, Apr 13 2012, 9:52 AM
The
financial industry has taken careful note of former House Speaker Newt Gingrich
writing a $500 check on an account that had no money in it. Bot...
Tue, Mar 27 2012, 12:35 PM
Freddie Mac's total mortgage portfolio
continued to shrink in January and February, contracting at an annual rate of
4.8 percent in January and 3....
Mon, Mar 12 2012, 10:10 AM
Here's
some good news for some: The Financial Times reports that, "The Federal Reserve
is this week expected to pave the way for a
doubling of ban...
Fri, Mar 9 2012, 1:00 PM
Freddie Mac announced that it has posted
a net income of 619 million for the quarter ended December 31, 2011 and total
comprehensive income of 1....
Wed, Feb 22 2012, 10:20 AM
Under the
title, "Too much time on one's hands", anyone involved in the
residential construction/remodeling business might find this, uh, interesti...
Wed, Feb 22 2012, 3:40 PM
In the February Economic Outlook from
Freddie Mac's Office of the Chief Economist is projecting a slow, steady path
to recovery as the economy, it...
Tue, Jan 31 2012, 9:52 AM
Do you
think it takes a long time to have a loan purchased by Wells or MetLife? Try
running the world's longest lab
experiment , begun in the 19...
Tue, Jan 31 2012, 9:44 AM
The
Federal Housing Finance Agency ( FHFA ) issued a statement late Monday refuting a
story from ProPublic and NPR
that a complicated investm...
Thu, Jan 19 2012, 11:21 AM
Adjustable rate mortgages have lost
much of the popularity they enjoyed in the mid-2000s and Freddie Mac's 28 th
Annual Adjustable-Rate Mortgage S...
Wed, Jan 18 2012, 1:57 PM
"Perspectives on the housing market
depend on where you sit ," according to Freddie Mac's U.S.
Economic and Housing Market Outlook
for January. ...
Mon, Jan 9 2012, 9:36 AM
Freddie Mac gave unemployed homeowners who
are struggling to pay mortgages owned or guaranteed by the company a break on
Friday when it eased its t...
Mon, Dec 19 2011, 10:59 AM
If you
have a few seconds, go to Google and do a search on "Let it snow."
There's even a "defrost" button.
I am sure that many originators wish...
Tue, Dec 6 2011, 10:27 AM
A
moderate Pennsylvania senator has offered legislation to end the impasse over
continuing payroll tax cuts that have been in place since the first ...
Fri, Nov 25 2011, 11:23 AM
If you say
"raise up lights" really fast, it sounds like "razor
blades" in an Australian accent.
If you say "VA Funding Fee" really fast, nothi...
Mon, Nov 21 2011, 10:05 AM
Lots of
people in the real estate & mortgage businesses make a lot of money. As we
head toward Thanksgiving, sometimes it is a good thing to remembe...
Mon, Nov 21 2011, 4:31 PM
Freddie Mac's November Economic Outlook
holds some good news for the economy as a whole, but the housing picture
remains relatively bleak. Thir...
Thu, Nov 17 2011, 11:05 AM
Previously delinquent loans that Freddie
Mac was required by contract to repurchase from its Mortgage Participation
Certificate (PC) pools are abou...
Fri, Nov 4 2011, 10:00 AM
Take your
pick: this is really cool, really irritating, or merely mesmerizing. But don't
forget to change your clocks this weekend: http://www.beek...
Thu, Nov 3 2011, 11:59 AM
Freddie Mac will again draw on its Treasury
line of credit following its third quarter results. The government sponsored enterprise (GSE)
release...
Thu, Oct 27 2011, 12:21 PM
In a joint press release issued Wednesday
Freddie Mac and the Federal Housing Finance Agency ( FHFA ) announced that three
members of Freddie Ma...
Fri, Oct 21 2011, 11:18 AM
Tomorrow
is college football day. For you college football fans out there: http://www.robchrisman.com/references/a_and_m_letter.pdf .
And yes, ...
Wed, Sep 14 2011, 10:57 AM
"A
clever person solves a problem. A wise person avoids it." But at this
point, most believe that it is too late to avoid the problems in the mortga...
Wed, Aug 10 2011, 10:29 AM
Freddie Mac released its second quarter financial statement
on Tuesday and showed dramatically better results than its sister enterprise
Fannie Mae....
Thu, Jul 28 2011, 11:36 AM
Heard on
the NPR radio show "Wait, Wait, Don't Tell Me" from Michael Feldman:
"If the US defaults on their debt and our rating is downgraded and the...
Tue, Jul 12 2011, 11:14 AM
Born in the 1800's in California and
Tennessee, my grandparents are long gone - and I never lived with them. But
over the last 20 years, reports the...
Thu, Jun 9 2011, 10:30 AM
"I used to be indecisive. Now I'm not so
sure." But one thing that I am sure of is transparency. Sterne Agee
released prepayment information, impo...
Wed, Jun 8 2011, 11:14 AM
Fun with numbers...In the 2010 Census, for
you reverse mortgage lenders, seven states had a median age of 40 or older:
Maine (42.7), Vermont (41.5),...
Tue, Jun 7 2011, 9:54 AM
How long have you had
your bank account? 5 years - not bad. 10 years - good. 20 years - a loyal
customer. How about since before WWI: DoesThatCome...
Tue, May 17 2011, 12:08 PM
Sometimes you think
things are one way, and they turn out to be different. Just ask Maria Shriver,
who found out about Arnold Schwarzenegger and a l...
Wed, May 11 2011, 10:52 AM
Regardless of what my kids say,
this commentary hasn't been around long enough to have ever been written by
candlelight. But starting next year I wi...
Tue, May 10 2011, 10:31 AM
Yesterday
I went through denial, anger, bargaining, depression, and acceptance - which
are now the 5 stages of buying gas.
Incidents of mortga...
Fri, May 6 2011, 10:37 AM
The driving force behind Mother's
Day was Anna Jarvis, who organized observances in Grafton, W.Va., and
Philadelphia on May 10, 1908. As the annual ...
