Zacks Analyst Blog Highlights: Bank of America, MGIC, Fannie Mae, Freddie Mac and Hewlett-Packard
Zacks.com - Wed Nov 25, 7:56 am ETZacks Analyst Blog Highlights: Bank of America, MGIC, Fannie Mae, Freddie Mac and Hewlett-Packard
2856 Stories, most recent news story added 1 hour 9 minutes ago
Zacks Analyst Blog Highlights: Bank of America, MGIC, Fannie Mae, Freddie Mac and Hewlett-Packard
Freddie Mac, the mortgage-finance company under government control, said defaults among its loans rose to a record 3.54 percent last month, while its portfolio of residential assets fell at an annualized rate of 21.6 percent.
Average rates for 30-year, fixed-rate mortgages fell this week, matching a record low set last spring. Rates are more than a full percentage point below what they were a year ago, Freddie Mac said Wednesday.
Banks borrowed slightly more from the Federal Reserve's emergency lending program over the past week.
Fannie Mae plans to raise minimum credit score requirements next month and limit the amount of overall debt that borrowers can carry relative to their incomes, The Washington Post reported on Thursday.
Fannie Mae, the giant mortgage finance company that helps shape lending guidelines, plans next month to raise minimum credit score requirements and limit the amount of overall debt that borrowers can carry relative to their incomes.
WASHINGTON, Nov. 26 (UPI) -- Fannie Mae, the giant mortgage finance company that helps shape lending guidelines, plans more crackdowns next month to further tighten lending practices.
Go ahead. Break the chains. Stop paying on your mortgage if you owe more than the house is worth. And most important: Don't feel guilty about it. Don't think you're doing something morally wrong.
Fannie Mae will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption:
TUESDAY, Dec. 1
-- SUNDAY, Nov. 29 Several airlines will begin adding 10-dollar surcharges on most of their tickets.
Fannie Mae: Three- and six-month benchmark bills are auctioned on a weekly basis. One-year bills are auctioned once a month. Every Monday, an announcement is made and on Wednesday the auctions are held. Settlement usually scheduled for Wednesday or Thursday.
You can get a better return off the money you have at a bank. But you have to take some risk to get it.
Bill O'Brien wants Direct Edge to become the next registered stock exchange. Twice.
SUNDAY, Nov. 29 Several airlines will begin adding 10-dollar surcharges on most of their tickets. TUESDAY, Dec. 1 WASHINGTON -- National Association of Realtors releases pending home sales index for October, 10 a.m; Commerce Department releases construction spending for October, 10 a.m.; Senate Commerce, Science and Transportation subcommittee hearing on aviation safety, focusing on pilot fatigue.
The very low interest-rate environment, along with a federal home-buyer tax credit, make a compelling case for many buyers to make a home purchase now.