/tags/freddie-mac Freddie Mac en-US Copyright KUNC/Community Radio for Northern Colorado 2020 Fri, 06 Sep 2013 07:38:00 GMT /npr-news/2013-09-06/rates-come-down-on-jumbo-mortgage-loans The interest rate on jumbo mortgages — those that exceed a government-set cap of $417,000 — has fallen below the rate for traditional loans. Mortgage industry observers say it's the first time this has happened. Fri, 06 Sep 2013 07:38:00 GMT /npr-news/2013-09-06/rates-come-down-on-jumbo-mortgage-loans Chris Arnold /npr-news/2013-08-08/fannie-mae-books-10-1-billion-in-second-quarter-profits The giant mortgage finance company's strong showing was driven by a rise in U.S. housing prices. Fannie's profit is nearly double what it was in the year-ago quarter. Thu, 08 Aug 2013 13:19:00 GMT /npr-news/2013-08-08/fannie-mae-books-10-1-billion-in-second-quarter-profits Bill Chappell /npr-news/2013-08-07/freddie-mac-earns-5-billion-in-3-months-to-pay-u-s-4-4-billion Mortgage backer Freddie Mac says it has extended its streak of profitable quarters to seven in a row. The $5 billion in earnings is the second-highest in its history, the company said in its quarterly report Wednesday. Wed, 07 Aug 2013 15:24:00 GMT /npr-news/2013-08-07/freddie-mac-earns-5-billion-in-3-months-to-pay-u-s-4-4-billion Bill Chappell /2013-07-18/congress-takes-renewed-aim-at-fannie-mae-freddie-mac Risky bets by the mortgage giants Fannie Mae and Freddie Mac helped to trigger the financial crisis. After being bailed out by taxpayers and put under government conservatorship, there's new momentum in Washington to dismantle the mortgage giants. Thu, 18 Jul 2013 08:00:00 GMT /2013-07-18/congress-takes-renewed-aim-at-fannie-mae-freddie-mac Chris Arnold /npr-news/npr-news/2013-07-17/congress-debates-taking-a-step-back-from-the-mortgage-market Lawmakers are trying to figure out how to scale back the outsize role that mortgage giants Fannie Mae and Freddie Mac play in the housing market. A bipartisan Senate proposal would replace Fannie and Freddie with a scaled-down program, while a Republican House proposal would go even further. Wed, 17 Jul 2013 21:22:00 GMT /npr-news/npr-news/2013-07-17/congress-debates-taking-a-step-back-from-the-mortgage-market Scott Horsley /npr-news/2013-01-07/bank-of-america-to-pay-fannie-mae-3-6b-buy-back-6-75b-in-mortgages The agreement resolves claims against the bank about mortgage-backed securities it sold before the housing bust. Many weren't worth what was promised. Also today, BofA and other banks are expectd to settle claims related to alleged foreclosure abuses. Mon, 07 Jan 2013 13:00:00 GMT /npr-news/2013-01-07/bank-of-america-to-pay-fannie-mae-3-6b-buy-back-6-75b-in-mortgages Mark Memmott /npr-news/2012-11-16/hidden-housing-subsidy-may-soon-come-out-of-hiding A program that backed lots of mortgages during the housing bust may soon need taxpayer money to make good on its promises. Fri, 16 Nov 2012 15:52:00 GMT /npr-news/2012-11-16/hidden-housing-subsidy-may-soon-come-out-of-hiding Jacob Goldstein /npr-news/2012-09-26/freddie-mac-didnt-harm-homeowners-inspector-general-says A federal Inspector General's report says there is no proof that Freddie Mac "obstructed homeowners' abilities to refinance their mortgages" to boost profits at the government-sponsored enterprise. Some of Freddie's investments rise when homeowners remain stuck in high-rate loans. Wed, 26 Sep 2012 19:22:00 GMT /npr-news/2012-09-26/freddie-mac-didnt-harm-homeowners-inspector-general-says Marilyn Geewax /2012-09-10/where-the-bailouts-stand-in-1-graphic Four years after the U.S. launched a massive bailout of the financial system and the auto industry, the government has yet to recoup $200 billion. Here's a breakdown. Mon, 10 Sep 2012 19:44:00 GMT /2012-09-10/where-the-bailouts-stand-in-1-graphic Lam Thuy Vo, Jacob Goldstein /npr-news/2012-07-31/fannie-freddie-regulator-holds-firm-against-mortgage-write-downs A federal regulator is blocking the government-owned mortgage giants Fannie Mae and Freddie Mac from reducing the principal that homeowners owe on their mortgages in order to avoid foreclosures. Tue, 31 Jul 2012 21:20:00 GMT /npr-news/2012-07-31/fannie-freddie-regulator-holds-firm-against-mortgage-write-downs Chris Arnold, Avie Schneider