All Posts Tagged Tag: ‘Freddie Mac’

Bank of America Settles Hefty $9.3M Lawsuit

Bank of American took quite a hit from the Federal Housing Finance Agency in a lawsuit that ended in a $9.33 million dollar lawsuit. The FHFA, which is the agency that oversees the operations of Fannie Mae and Freddie Mac, sued Bank of America as one of the 18 entities they sued for misrepresenting mortgages that were backed by Fannie …

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Mortgage Rates Fall Significantly, Surveys Show

Mortgage rates fell to one of the most extreme lows this year during the week ending November 21. According to a national weekly survey by Freddie Mac, results concluded that declines in manufacturing growth (industrial products) lowered the rates by 0.1% last month. Freddie Mac chief economist Frank Nothaft spoke about the lowered rates after the results of said survey …

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30-Year Mortgage Rates Continue To Hit New Lows, According To Freddie Mac

30-year fixed-rate mortgages are averaging record-breaking lows, according to Freddie Mac. The company has released results of its Primary Mortgage Market Survey showing that a streak of lows is continuing. According to the survey, the mortgages averaged 3.49%, which is over a full percentage point lower than a year ago, when it averaged 4.55%. Frank Nothaft, vice president and chief …

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