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Mortgage finance company Freddie Mac said Monday it could lose $500 million or more as a result of the bankruptcy protection filing of Taylor Bean & Whitaker Mortgage.
Mortgage finance company Freddie Mac on Monday put its initial loss estimate related to the bankruptcy of Taylor, Bean & Whitaker Mortgage Corp. at $500 million, and noted the figure could be much higher.
Fannie Mae said Monday that it named Jonathan Plutzik, a former Credit Suisse executive, to its board directors.
A first-time homebuyer tax credit, historically low mortgage rates and falling home prices combined in October to propel existing home sales to their biggest monthly percentage increase in a decade. Purchases of previously owned homes soared 10.1 percent last month, reaching an annual rate of 6.1 million, the highest sales level since February 2007, the National Association of Realtors reported ...
The National Association of Realtors said home sales rose 10.1 percent in October. That's the highest level in two and a half years, spurred by a tax credit for first-time home buyers. Figures also released on Monday indicate an increasing number of Americans owe more on their home than it is worth.
Freddie Mac , the U.S. mortgage finance giant, said Monday it is seeking $595 million in loan payments and other funds hung up after the bankruptcy of lender Taylor, Bean & Whitaker , Reuters reported.
The Associated Press Mortgage finance company Freddie Mac on Monday put its initial loss estimate related to the bankruptcy of Ocala-based Taylor, Bean & Whitaker Mortgage Corp. at $500 million, and noted the figure could be much higher.
MIAMI - October home sales in the South vaulted 23 percent from last year as buyers scrambled to grab an expiring tax credit and wrestled for lower-priced homes, the National Association of Realtors said Monday.
Mortgage finance company Freddie Mac said yesterday it could lose $500 million or more as a result of the bankruptcy-protection filing of Taylor, Bean & Whitaker Mortgage Corp.
Fannie Mae names former Credit Suisse executive to board
Stock futures are little changed ahead of Tuesday's opening as investors await a report that is expected to show the economic recovery in the third quarter was not as fast as initially estimated.
Nov. 24 (Bloomberg) -- Home prices in 20 U.S. cities probably fell in September at the slowest pace in almost two years, underscoring improvement in real estate that’s helping the economy emerge from recession, economists said ahead of a private report today.
Freddie Mac (FRE) said its additional losses related to the bankruptcy of Taylor, Bean & Whitaker Mortgage Corp. could be "significant."
WASHINGTON -(Dow Jones)- Freddie Mac (FRE) has notified investors of certain additional losses it could face in connection with failed lender Taylor, Bean & Whitaker, which serviced loans owned or guaranteed by Freddie before it went bust in August.
Oil slipped towards $77 a barrel Tuesday as markets awaited data expected to show that the pace of U.S. economic recovery is slower than previously estimated.
Freddie Mac, the U.S. mortgage finance giant, said on Monday it is seeking $595 million in loan payments and other funds hung up after the bankruptcy of lender Taylor, Bean & Whitaker.
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