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SEC May Go After Former Freddie Mac Chief
The Securities and Exchange Commission may file a civil action against former Freddie Mac chief executive as it concludes an investigation of Freddie Mac and Fannie Mae’s disclosure practices. Citing...
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Amazon Named Most Reputable Large American Company, Freddie Mac The Least
According to the consulting firm Reputation Institute, Amazon is the most reputable company in the United States and Freddie Mac is the least. The firm’s report, published in Forbes, asked 32,946...
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Mortgage Rates Hit 4-Month Low
For those potential home-buyers with enough money for a down payment, it looks like you may want to start scanning the real estate listings. According to Freddie Mac, the average rate on 30-year...
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30-Year Mortgage Rates Now Lowest Ever, People Still Aren't Buying
It’s like that scene in Groundhog Day, where Chris Elliott’s character enters the Punxsutawney bachelor auction and is greeted by dead silence from the women in the crowd…. Once again, mortgage rates...
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Rules Changed To Make Refinancing Your Home Easier
With mortgage interest rates continuing to hover near record lows, the Federal Housing Finance Agency has announced big changes to the Home Affordable Refinance Program with the intention of making it...
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Freddie Mac Sorta Hoping You Can't Refinance Your Pricey Mortgage
Even though the job of bailed-out mortgage backer Freddie Mac is supposed to be about making it easier to own a home, the traders at Freddie have reportedly been buying up investments that put the...
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Freddie Mac Told To Stop Betting Against Struggling Homeowners
Yesterday, it was reported that bailed-out mortgage titan Freddie Mac had invested billions in mortgage-backed securities that would really only pay off if struggling homeowners were unable to...
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New Guidelines Aim To Make Short Sales Less Of A Pain In The Butt To Everyone
Short sales now account for nearly 1-in-11 home sales in the U.S., so there’s a decent chance that anyone who has been house-shopping recently has visited a for-sale property only to have the realtor...
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Exec Who Looked Other Way As Countrywide Sold Off Bad Mortgages Is Now...
(frankieleon)The federal government recently filed a lawsuit over a Countrywide scheme dubbed “The Hustle” that removed impediments to a mortgage approval so the company could sell as many mortgages as...
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Fannie Mae & Freddie Mac Kick Off The Holidays With Yearly Moratorium On...
(Nick Bastian Tempe, AZ)For three years in a row, we’ve been able to take note of a particularly heartwarming act by two of the country’s largest mortgage giants, Fannie Mae and Freddie Mac. Just as...
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