The mortgage giant Freddie Mac recently issued a statement regarding the maximum conforming loan limits for next year, stating that these limits will remain unchanged from current figures until the end of September 2011 with respect to high cost areas across the United States, and also stating that they will remain unchanged from current rates [...]
In light of certain procedural irregularities in the documentation process of foreclosures being highlighted in the media recently, Bruce Witherell, the Chief Operating Officer for Freddie Mac released the following statement regarding the documentation process during foreclosures: “Freddie Mac is deeply concerned about recent reports that there may be affidavits that were improperly executed in [...]
The Speaker of the United States House of Representatives, Nancy Pelosi, recently issued a statement regarding the extension of single family loan limits applicable to the Federal Housing Administration (FHA), Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC), which was recently passed by Congress and signed by President Obama. The extension, which is valid up until [...]
Freddie Mac (OTC:FMCC) has appointed Subha V. Barry to the position of chief diversity officer (CDO). Barry will become the head of Freddie Mac’s new Office of Diversity and Inclusion, and will be in charge of the combined functions of Diversity and Inclusion and Supplier Diversity. She will also be responsible for developing business strategies [...]
After having received almost $150 billion in bailout money from the Obama administration, Fannie Mae and Freddie Mac still continue to post losses, with the combined losses of these two mortgage giants in the last quarter being somewhere in the region of $9 billion. However, a decision with regard to the future of these two [...]
The recent down trend in the interest rates have prompted many borrowers to refinance their long term loans to shorter term loans, in order to take advantage of some of the lowest mortgage rates in decades. The Federal Home Loan Mortgage Corporation, also known as Freddie Mac, recently disclosed that up to a third of [...]
