Topic: Mortgage Banking and Services
House GOP calls for Fannie, Freddie phase out
Reuters US Online Report Business News
WASHINGTON (Reuters) - Republicans in the House of Representatives on Friday recommended the country's top two mortgage finance companies, the recipients of a massive government bailout during the height of the financial crisis, be phased out in four years in order to restore stability to the housing market. The House ...
Mortgage rates still below 5 percent
AP News
Rates on 30-year mortgages edge up, but remain below 5 percent as Fed prepares exitMortgage rates held below the 5 percent threshold for the third straight week as the Federal Reserve prepares to end a program that has kept rates at or near record lows. The average rate on a ...
Fed's Bernanke sees U.S. backing Fannie, Freddie debt
Reuters US Online Report Business News
WASHINGTON (Reuters) - Current Fannie Mae and Freddie Mac mortgage-backed securities are likely to retain U.S. government backing should Congress create a new system for financing U.S. homes, Federal Reserve Board Chairman Ben Bernanke said on Wednesday. The comments follow speculation earlier this month bondholders in the mortgage funding ...
Fannie Mae slashes mortgage investment forecast
Reuters US Online Report Business News
NEW YORK (Reuters) - Fannie Mae, the largest provider of U.S. residential funding, on Wednesday slashed its forecast for residential investment this quarter following a "setback" in home sales, and warned on its impact on the economic recovery. Fannie Mae <FNM.N> also cut its forecast for 2010 ...
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