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
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Zacks Analyst Blog Highlights: Bank of America, MGIC, Fannie Mae, Freddie Mac and Hewlett-Packard
Fannie Mae says it won't consider offers from investors to buy its foreclosed properties until they have been on the market for 15 days.
Freddie Mac reports that average rates for 30-year fixed mortgages have matched a record low of 4.78 percent this week.
Nov. 25 (Bloomberg) -- Rates for 30-year fixed U.S. home loans fell for a fourth straight week, matching a record low of 4.78 percent set in April. The rate dropped from 4.83 percent last week, mortgage buyer Freddie Mac of McLean, Virginia, said today in a statement.
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.
Sales of new homes are expected to post a modest increase in October, reinforcing data this week that showed the real estate market is regaining its footing after a dramatic collapse.
Freddie Mac, the government-backed mortgage finance giant, said Monday it's trying to minimize losses on more than $1 billion in assets at risk because of the summer collapse of mortgage lender Taylor, Bean & Whitaker and a regional bank with which it did business.
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:
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.
Mortgage rates fell this week, with the average rate on 30-year, fixed-rate mortgages dropping to match an all-time low of 4.78%, according to Freddie Mac's (FRE) weekly survey of mortgage rates.
Freddie Mac (FRE) said delinquencies in its mortgage portfolio continued to rise last month, putting further pressure on the mortgage financier.
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Federally run home-loan guarantor Freddie Mac said the ripple from failures of Ocala-based Taylor, Bean Whitaker and Colonial Bank could cost it more than $1 billion to clean up.
Nov. 24 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage securities fell to the lowest in more than six months, signaling that interest rates on new home loans will decline as the Federal Reserve continues a program in which it plans to buy $1.25 trillion of so-called agency mortgage securities.
Applications for mortgages to buy homes rise in the latest week, but the volume of filings to refinance existing loans drops, according to the Mortgage Bankers Association’s survey. Rates charged on home loans are flat to lower in the latest week.
Fannie Mae said Monday that it named Jonathan Plutzik, a former Credit Suisse executive, to its board directors.