freddie mac

US fixed mortgage rates back to record lows


September 21st, 2012 - 1:31 pm ICT by IANS
Washington, Sep 21 (IANS) US fixed mortgage rates this week fell back to record lows after the Federal Reserve announced last week a new round of quantitative easing, also known ... Read more...

Posted in Business |

US housing market ready to rebound


July 19th, 2012 - 3:03 pm ICT by IANS
Washington, July 19 (IANS) The US housing sector was ready to get back to work while the construction industry continued to struggle on the jobs front, said the US mortgage ... Read more...

Posted in Business |

US house prices flat


March 23rd, 2012 - 2:13 pm ICT by IANS
Washington, March 23 (IANS) US house prices were unchanged in January from the previous month on a seasonally adjusted basis, the US Federal Housing Finance Agency (FHFA) reported Thursday.House prices ... Read more...

Posted in Business |

US official warns against perils of ‘financial crisis amnesia’


March 3rd, 2012 - 1:40 pm ICT by IANS
Washington, March 3 (IANS) US Treasury Secretary Timothy Geithner has cautioned against the perils of "financial crisis amnesia" in the wake of complaints from those attempting to weaken or repeal ... Read more...

Posted in Business |

Obama’s plan to help 3.5 mn homeowners (Lead)


February 2nd, 2012 - 3:34 pm ICT by IANS
Washington, Feb 2 (IANS) In the midst of a heating election campaign, President Barack Obama plans to help with good credit about 3.5 million Americans who are unable to ... Read more...

Posted in Politics |

GOP candidate to debate in Sioux City Iowa


December 16th, 2011 - 8:10 pm ICT by Aishwarya Bhatt
Sioux City, Dec 16 (THAINDIAN NEWS) Frontrunner Newt Gingrich was clearly the target during the GOP debate on Thursday. Gingrich has made a remarkable comeback and the other contenders tried to slow ... Read more...

Posted in Politics |

Fannie Mae, Freddie Mac prevented two mn foreclosures: Report


December 7th, 2011 - 1:27 pm ICT by IANS
Washington, Dec 7 (IANS) Fannie Mae and Freddie Mac, the two major US mortgage-finance companies, prevented nearly two million foreclosures since the start of conservatorship in 2008, said a report ... Read more...

Posted in Business |

US seeks to suspend executives’ bonuses at mortgage giants


November 16th, 2011 - 2:11 pm ICT by IANS
Washington, Nov 16 (IANS) The US House Financial Services Committee approved legislation Tuesday aimed at suspending million-dollar bonuses to executives at government-controlled mortgage giants Fannie Mae and Freddie Mac.The vote ... Read more...

Posted in Business |

Fannie Mac seeks $7.8 bn aid from US government


November 9th, 2011 - 1:59 pm ICT by IANS
Washington, Nov 9 (IANS) Fannie Mac, one of the two major US mortgage-finance companies, has said it will request a $7.8 billion aid from the US government after posting huge ... Read more...

Posted in Uncategorized |

Freddie Mac posts huge loss


November 4th, 2011 - 2:10 pm ICT by IANS
Washington, Nov 4 (IANS) Freddie Mac, one of the two major US mortgage-finance companies, said Thursday that it posted a net loss of $4.4 billion in the third quarter, more ... Read more...

Posted in Business |

Obama launches plan to help families facing foreclosure


October 26th, 2011 - 11:26 am ICT by IANS
Washington, Oct 26 (IANS/EFE) President Barack Obama announced a series of measures to make refinancing mortgages easier for families facing the threat of foreclosure, contrasting his administration's efforts with ... Read more...

Posted in Business |

US sues financial firms over mortgage losses


September 3rd, 2011 - 12:44 pm ICT by IANS
Washington, Sep 3 (IANS) A US federal agency has filed lawsuits against 17 financial institutions, including Indian-American CEO Vikram Pandit-led Citigroup, in an attempt to recover billions of dollars in ... Read more...

Posted in Business |

US Mortgage rates keep falling


July 22nd, 2011 - 1:02 am ICT by Aishwarya Bhatt
Washington, July 21 (THAINDIAN NEWS) The US mortgage rates remained relatively low with the 30-year fixed loan going for 4.52% on Thursday. According to the industry player Freddie Mac, the rate is ... Read more...

Posted in Business |

Moody’s places US debt rating on review


July 14th, 2011 - 11:41 am ICT by IANS
New York, July 14 (IANS/EFE) Moody's Investors Service announced Wednesday that it has placed the US debt on review with an eye toward possibly downgrading it, given the possibility that ... Read more...

Posted in Business |

US Mortgage rates fall to a decade low


October 7th, 2010 - 11:45 pm ICT by Aishwarya Bhatt
Mortgage rates on 30-year mortgages fell to 4.27 percent, the lowest in a decade. This is the ninth time that the rate has fallen in 3 months. The rates were pushed down ... Read more...

Posted in Business |

485 Arrests Made In Mortgage Fraud, FBI Reveals


June 18th, 2010 - 8:02 pm ICT by GD
By Ranjan Bhaduri Washington, June 18, (THAINDIAN NEWS) On Thursday, the Department Of Justice declared the launch of an interagency plan to track down all costly mortgage scams all over the nation.Eric ... Read more...

Posted in World News |

Freddie Mac Urges Homeowners To Refrain From Strategic Default


May 10th, 2010 - 6:25 pm ICT by GD
By Gina Gomez May 10, (THAINDIAN NEWS) Mortgage issuing firm Freddie Mac has made an appeal to borrowers to keep paying their loans in a recent statement that has been posted in the ... Read more...

Posted in Business |

U.S. To Vend Whole Stake In Citi At An Elevated Profit


March 30th, 2010 - 8:21 pm ICT by Pen Men At Work
March 30, 2010 (Pen Men at Work): Coming to the aid of banks is resulting in grand commerce for the government. Regrettably, for the spender of tax, other federal salvages will, ... Read more...

Posted in Business |

US stocks gain on financial firms


March 10th, 2010 - 6:27 am ICT by IANS
New York, March 10 (DPA) Major US stock indices posted mild gains Tuesday, led by troubled financial firms bailed out by the US government in the past year. Boeing, General Electric, AT&T and ... Read more...

Posted in Business |

Federal Reserve Of USA Generates High Profits


January 13th, 2010 - 9:01 pm ICT by GD
By Ranjan Bhaduri Jan 13, (THAINDIAN NEWS) The US Federal Reserve Bank made record profits in 2009. On Tuesday in declared that it made a gross profit of $52.1 billion. From that amount, ... Read more...

Posted in Business |

Mortgage lender Fannie Mae posts nearly $19 bn loss


November 6th, 2009 - 12:08 pm ICT by IANS
Washington, Nov 6 (DPA) US mortgage lender Fannie Mae said Thursday that it would seek $15 billion in federal aid, after posting its ninth consecutive quarterly loss. Fannie Mae reported a net ... Read more...

Posted in Business |

Top official at US mortgage giant found dead


April 23rd, 2009 - 1:56 am ICT by IANS
Washington, April 23 (DPA) One of the top officials at the troubled US mortgage lender Freddie Mac was found dead early Wednesday at his home in the Washington suburbs, according to police. The ... Read more...

Posted in Business |

AIG not the only company to pay bail-out bonuses


March 19th, 2009 - 12:06 pm ICT by IANS
Washington, March 19 (DPA) American International Group (AIG), under fire for paying $165 million in retention bonuses using government bail-out money, is not the only government beneficiary to have spent its money ... Read more...

Posted in Business |

US launches mortgage plan to stem housing crisis


March 5th, 2009 - 3:34 am ICT by IANS
Washington, March 5 (DPA) The US launched an effort Wednesday to help homeowners pay off their mortgages, hoping to stabilize a housing crisis that lies at the centre of the country's deep ... Read more...

Posted in World |

Pandit’s Citi pours $25.7 bn in bailout funds


February 3rd, 2009 - 10:56 pm ICT by IANS
Washington, Feb 3 (IANS) Citigroup Inc. Tuesday said it has poured $25.7 billion of its government-supplied funding into bolstering the US residential mortgage market and approved $36.5 billion in loans as part ... Read more...

Posted in World |

Fannie Mae seeking up to $16 bn from US government


January 27th, 2009 - 9:39 am ICT by IANS
Washington, Jan 27 (DPA) Fannie Mae, the giant mortgage company under federal control, is to ask for up to $16 billion in federal money to stem massive losses from the mortgage default ... Read more...

Posted in World |

US finance giant Fannie Mae posts $29 billion in losses


November 11th, 2008 - 2:05 pm ICT by IANS
New York, Nov 11 (Xinhua) US mortgage finance giant Fannie Mae posted a record $29 billion in losses in the third quarter.The company's net worth fell to $9.4 billion at the end ... Read more...

Posted in Business |

US Government pushing for intervention to end financial crisis


October 10th, 2008 - 5:37 pm ICT by ANI
Washington, Oct.10 (ANI): The Bush administration is considering a partial nationalization of some banks, buying up a portion of their shares to shore them up and restore confidence as part of ... Read more...

Posted in Sports |

Freddie Mac did pay millions to McCain aides firm despite denial: NYT


September 24th, 2008 - 12:04 pm ICT by ANI
Washington, Sep 24 (ANI): Freddie Mac, one of the giant mortgage companies at the heart of the credit crisis, paid 15,000 dollars to a firm owned by John McCains campaign manager ... Read more...

Posted in Sports |

Obama terms McCain a free market gambler


September 22nd, 2008 - 1:09 pm ICT by ANI
Jacksonville (Florida, US), Sept.21 (ANI): Barack Obama, the Democratic presidential candidate, has called his Republican rival, John McCain, a Free Market Gambler, and suggested that his approach to government, not McCain''s, ... Read more...

Posted in National |

Senate passes housing rescue plan, Bush to sign soon


July 27th, 2008 - 12:23 am ICT by IANS
DPA Washington, July 26 (DPA) The US Senate Saturday passed a multi-billion dollar bill to address the ongoing crisis in the American housing market, paving the way for US President George W. Bush ... Read more...

Posted in World |

China’’s growth rate may plunge to 9.9 per cent this year: ADB


July 23rd, 2008 - 6:47 pm ICT by ANI
New Delhi, July 23 (ANI): Chinas economic growth is likely to be 9.9 per cent this year and 9.7 per cent in 2009 due to a global economic slowdown, volatile financial ... Read more...

Posted in National |

US stocks continue to drop


July 16th, 2008 - 7:58 am ICT by IANS
DPA New York, July 16 (DPA) Dropping oil prices and waning investor confidence over the government's plan to save Fannie Mae and Freddie Mac mortgage firms brought the US Standard & Poor's 500 ... Read more...

Posted in World |

Bush defends rescue of mortgage lenders


July 15th, 2008 - 11:27 pm ICT by IANS
DPA Washington, July 15 (DPA) US President George W. Bush Tuesday defended his administration's decision to bail out troubled mortgage firms Fannie Mae and Freddie Mac and sought to assure Americans their bank ... Read more...

Posted in World |

FED’ rescuing 2 housing-loan providers not to hurt Thai economy


July 15th, 2008 - 9:23 am ICT by Amrit Rashmisrisethi
The Bank of Thailand (BOT) Governor, Mrs. Tarisa Watanagase (ธาริษา วัฒนเกษ), believes that the FED's financial support to the two biggest housing-loan providers and guarantors, Fannie Mae and Freddie Mac, will not ... Read more...

Posted in Thailand |

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