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
159129 Stories, most recent news story added 7 minutes ago
Zacks Analyst Blog Highlights: Bank of America, MGIC, Fannie Mae, Freddie Mac and Hewlett-Packard
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 reports that average rates for 30-year fixed mortgages have matched a record low of 4.78 percent this week. Rates for 30-year mortgages hit an all-time low the week ending April 30.
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.
Upbeat data bolsters economic outlook and pressures the greenback. NEW YORK (Reuters) -- The dollar slid to a fresh 15-month low against a basket of currencies Wednesday as upbeat data on weekly jobless claims, personal consumption, and new home sales bolstered the outlook for the U.S. economy.
Capmark Financial Group Inc. said it has received approval to complete the $515 million sale of its North American servicing and mortgage banking units to a joint venture owned by Warren Buffett's Berkshire Hathaway Inc. and Leucadia National Corp.
In a hopeful sign for the economy, the number of newly laid-off workers filing claims for unemployment benefits fell below 500,000 last week for the first time since January.