POSTED: Thursday, December 17th, 2015

Chair Yellen delivers opening remarks at monetary policy research conference

Finally — The Federal Reserve Hikes Interest Rates

The Federal Reserve announced that it is increasing the target for short term interest rates to a range of 0.25% to 0.50% from a range of 0% to 0.25%. Continue reading

POSTED: Thursday, November 5th, 2015

Pole vaulter takes off.

Mortgage Rates Vault Higher

Freddie Mac: Mortgage rates vault higher. 30-year mortgage rate experienced its largest increase since June as Fed referred to a December rate hike as a ‘live possibility’. Continue reading

POSTED: Thursday, October 29th, 2015

Smooth saliing for sailboates on lake.

Mortgage Rates: Smooth Sailing in Slow Wind

Primary Mortgage Market Survey® (PMMS®) for the week ending October 29, 2015, show average fixed mortgage rates falling slightly lower amid market expectations of no rate increase by the Federal Reserve. Continue reading

POSTED: Thursday, October 8th, 2015

Slip, fall through the floor.

Mortgage Rates Fall: Job’s Report More Than Disappoints

Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending October 8, 2015, showing average fixed mortgage rates following Treasury yields lower following a more than disappointing September jobs report. Continue reading

POSTED: Monday, November 18th, 2013

Mr. Potter.

It’s a wonderful Life: Mr. Potter Right All Along

It’s a wonderful Life: Mr. Potter Right All Along. Continue reading

POSTED: Saturday, January 19th, 2013

So many laws

Regulators Reveal Final Higher-priced Mortgage Loan Appraisal Rule

Agencies issue final rule on appraisals for higher-priced mortgage loans. Rule seeks to restrict flipping fraud by making sure appraisers legitimately value the property. Continue reading

POSTED: Friday, December 21st, 2012

Economic predictions

Freddie Mac: A Look Into 2013

Freddie Mac Peers into 2013. Forecasts by Chief Economist Frank E. Nothaft. Continue reading

POSTED: Saturday, August 25th, 2012

Bank of America

Bank of America Commits 1,000 Free Homes for Vets, First Responders

Bank of America pledges to give away 1,000 homes to injured veterans and first responders. The properties will go to nonprofit entities and local government programs over a three-year period. Too little, too late?
Continue reading

POSTED: Thursday, May 10th, 2012

Fannie Mae Headquarters

Fannie Mae: Income Surplus of $2.7B for Q1-2012

Fannie Mae Reports Net Income of $2.7 Billion for First-Quarter 2012. Total loss reserves expected to have peaked as of Dec. 31, 2011; for the first time since government take-over in 2008, Fannie won’t need a draw of taxpayer funds to remain afloat.
Continue reading

POSTED: Monday, March 12th, 2012

Servicemen

Payday for Many Military Foreclosed Homeowners

Thousands of military foreclosed homeowners who have been illegally foreclosed on since 2006 could receive tens of thousands of dollars in settlement.
Continue reading