MCLEAN, Va., May 8, 2012 /PRNewswire/ – Freddie Mac (OTC: FMCC) released the results of its first quarter refinance analysis showing homeowners who refinance continue to strengthen their fiscal house. News Facts In the first quarter of 2012, 79 percent of homeowners who refinanced their first-lien home mortgage either maintained about the same loan amount or Read more…
HUD No. 12-080Shantae Goodloe(202) 708-0685 FOR RELEASEWednesdayMay 9, 2012 HUD AWARDS MORE THAN $ 40 MILLION IN GRANTS TO COMBAT HOUSING DISCRIMINATION WASHINGTON – The U.S. Department of Housing and Urban Development today awarded nearly $ 41.18 million to 99 fair housing organizations and other non-profit agencies in 35 states and the District of Columbia Read more…
MCLEAN, Va., May 14, 2012 /PRNewswire/ — In the first quarter of 2012, fixed-rate loans accounted for more than 95 percent of refinance loans, based on the Freddie Mac (OTC: FMCC) Quarterly Product Transition Report released today. Refinancing borrowers clearly preferred fixed-rate loans, regardless of whether their original loan was an adjustable-rate mortgage (ARM) or Read more…
HUD No. 12-082HUD Contact: Brian Sullivan(202) 708-0685U.S. Attorney’s Office Contact: Ellen Davis, Jerika Richardson, Jennifer Queliz(212) 637-2600DOJ Contact: Charles Miller(202) 514-2007HUD-OIG Contact: Kathleen Hatcher(202) 402-8323 FOR RELEASEThursdayMay 10, 2012 HUD, HUD INSPECTOR GENERAL AND U.S. ATTORNEY ANNOUNCE$ 202 MILLION SETTLEMENT WITH DEUTSCHE BANK AND MORTGAGEITCivil Fraud case alleged reckless mortgage lending and false claims Preet Read more…
MCLEAN, Va., April 19, 2012 /PRNewswire/ – Freddie Mac (OTC: FMCC) announces its highest-producing multifamily mortgage sellers of 2011. These are the lenders who transacted the most financing volume with Freddie Mac. Through these and other lenders, the company purchased more than $ 20 billion in loans last year, comprising 321,000 rental units, and resulting in Read more…
HUD No. 12-081Shantae Goodloe(202) 708-0685 FOR RELEASEThursdayMay 10, 2012 HUD ANNOUNCES AGREEMENT WITH NEBRASKA LANDLORDTO SETTLE HOUSING DISCRIMINATION COMPLAINTResident injured after she was denied a promised accessible unit WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) announced today that it has reached a $ 22,500 settlement agreement with the owner and managers Read more…
MCLEAN, Va., May 10, 2012 /PRNewswire/ — Freddie Mac (OTC: FMCC) today announced that its Board of Directors has appointed Donald H. Layton as chief executive officer and has elected him as a member of the Board of Directors. Layton will join the company on May 21, 2012. Layton will assume leadership of Freddie Read more…
HUD No. 12-075Donna White(202) 708-0685 FOR RELEASEFridayMay 4, 2012 DONOVAN JOINS STATE AND LOCAL LEADERS TO FORMALLY OPEN MARREROCOMMONS ON THE SITE OF THE FORMER B.W. COOPERNearly $ 160 million investment breathes new life into a Katrina-ravaged neighborhood NEW ORLEANS – In the wake of Hurricane Katrina in 2005, the B.W. Cooper Public Housing Development Read more…
MCLEAN, Va., Oct. 24, 2011 /PRNewswire/ — Freddie Mac (OTC: FMCC) announced today that one of its directors, Laurence E. Hirsch, will not seek re-election to the company’s board of directors when his current term expires. Hirsch notified the company on October 18, 2011, that he does not wish to stand for re-election. He joined Read more…
HUD Public Affairs(202) 708-0980Treasury Public Affairs(202) 622-2960 FOR RELEASEFridayMay 4, 2012 OBAMA ADMINISTRATION RELEASES APRIL HOUSING SCORECARD WASHINGTON- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the April edition of the Obama Administration’s Housing Scorecard – a comprehensive report on the nation’s housing market. Data in Read more…
Interest rates move in curves: up, down, up and down again. When should you refinance? Every time the rate hits Read more...
One of the biggest purchases you will probably make it your life is your home. Your home may also be Read more...
The home loan business has experienced significant changes since the real estate crash of 2008. Most notably it has become Read more...
1. What is HUD? HUD stands for the United States Department of Housing and Urban Development. It’s a government agency Read more...