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Dec. 3 (Bloomberg) -- Yields on Fannie Mae, Freddie Mac and Ginnie Mae mortgage bonds widened relative to U.S. Treasury notes, retracing gains from the past week as investors anticipated an increase in the amount of securities.
Lobbyists are pushing the Treasury Department to consider a plan to purchase mortgage-backed securities in the hopes of driving mortgage rates to as low as 4.5%, an industry source said.
Department considers plans to intervene directly to force down rates and stimulate the moribund housing market, according to sources.
The U.S. Treasury Department is considering a plan to halt sliding home prices by lowering mortgage rates through home-finance powerhouses Fannie Mae (FNM) and Freddie Mac (FRE), the Wall Street Journal reported on Wednesday.
A published report says the plan would use Fannie Mae and Freddie Mac to push 30-year rates as low as 4.5%.
WASHINGTON -- Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates and help stabilize the battered U.S. housing market.
The Treasury?s efforts to jump-start the housing market led to a surge in mortgage refinancing activity, and officials are considering new ways to entice buyers.
MARCH 20, 2007 -- Washington, D.C. -- Citibank has purchased a portfolio of investments representing about $676 million in federal Low Income Housing Tax Credits (LIHTC) from Fannie Mae for cash and the assumption of Fannie Mae’s capital obligations relating to the investments.
The Treasury Department is developing a plan to try to reduce mortgage rates on home loans to 4.5 percent on typical mortgages by expanding its purchases of mortgage backed securities, sources familiar with the plan said on Wednesday.
Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates in an effort to stabilize the housing market.
Financial industry lobbyists are urging the Treasury Department to take steps to lower rates on 30-year mortgages to 4.5 percent.
NEW YORK (Reuters) - Mortgage applications surged by the largest amount on record last week as a new Federal Reserve program pushed interest rates down to their lowest level in more than 3 years, data from an industry group showed on Wednesday.
A day after Fannie Mae told the New York Stock Exchange that it intends to meet the continued listing standard, Freddie Mac did the same. (FRE)
(RTTNews) - The Treasury Department is reportedly considering a plan to drive down new home mortgage rates. The plan would reportedly enlist the government-backed housing giants Fannie Mae and Freddie Mac to bring loan rates down a full point to 4.5 percent.
Freddie Mac has purchased a $38.7 million mortgage from Holiday Fenoglio Fowler L.P., paving the way for the developer of a 612-unit Lincoln, Neb., apartment community to retire construction financing for the project.
Mortgage finance company Freddie Mac said Tuesday it has told the New York Stock Exchange it plans meet listing requirements by May 18, possibly through a reverse stock split, to prevent itself from being delisted.
