Freddie Mac

1:38am

Fri September 6, 2013
Business

Rates Come Down On Jumbo Mortgage Loans

Originally published on Fri September 6, 2013 10:40 am

iStockphoto.com

There is something new and different for home mortgages: Jumbo loans are being made at lower interest rates than traditional home loans. That's kind of like a first class airplane ticket being cheaper than riding in coach.

At first this seems crazy. For as long as anybody can remember, homeowners have had to pay a premium to get jumbo loans. That's because they're not guaranteed by the federal government. If they're not guaranteed, they're riskier, so they cost more in interest payments.

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7:48am

Thu August 8, 2013
The Two-Way

Fannie Mae Books $10.1 Billion In Second-Quarter Profits

Originally published on Thu August 8, 2013 9:05 am

Driven by a recovery in the U.S. housing market, mortgage finance giant Fannie Mae netted profits of $10.1 billion in the second quarter, its sixth-straight quarter with positive results. The company, which has operated under federal conservatorship since 2008, reported its earnings Thursday.

Fannie Mae cited "a significant increase in home prices in the quarter," which nearly doubled that of last year's second quarter.

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9:24am

Wed August 7, 2013
The Two-Way

Freddie Mac Earns $5 Billion In 3 Months; To Pay U.S. $4.4 Billion

Originally published on Wed August 7, 2013 9:54 am

Freddie Mac racked up a $5 billion profit in the second quarter, the mortgage backer said in its quarterly report Wednesday. The earnings are the second-highest in the history of Freddie Mac, which has now extended its streak of profitable quarters to seven in a row.

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2:58am

Thu July 18, 2013
NPR Story

Congress Takes Renewed Aim At Fannie Mae, Freddie Mac

Originally published on Thu July 18, 2013 5:45 am

Transcript

RENEE MONTAGNE, HOST:

For the first time since the housing crash, lawmakers are getting serious about dismantling the mortgage giants Fannie Mae and Freddie Mac. They were rescued with $190 million bailout. Two prominent senators - a Democrat and a Republican - have a bill that's attracting some bipartisan support. A separate Republican bill is being introduced in the House today and a third may soon come from Democrats. NPR's Chris Arnold reports.

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3:44pm

Wed July 17, 2013
Politics

Congress Debates Taking A Step Back From The Mortgage Market

Originally published on Wed July 17, 2013 5:11 pm

The government took over mortgage giants Fannie Mae (seen in 2010) and Freddie Mac in 2008, during the worst of the housing crisis.
Win McNamee Getty Images

The mortgage giants Fannie Mae and Freddie Mac got hit so hard by the housing crisis that they required a massive federal rescue. Now lawmakers are looking to scale back the two entities' role — and the government's — in the mortgage market.

The Senate Banking Committee is expected to vote Thursday on President Obama's nominee to head the agency that oversees Fannie and Freddie.

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