Freddie Mac's board of directors has announced a dividend of $0.50 per share on the corporation's voting common stock for the third quarter, unchanged from that of recent quarters.The board also declared the following preferred stock dividends per share: $0.59 on its 1996 and 1998 variable-rate stock; $0.72625 on its 1997, 2001, and 2002 5.81% stock; $0.625 on its 5% stock; $0.6375 on its 1998 and 1999 5.1% stock; $0.6625 on its 5.3% stock; $0.72375 on its 5.79% stock; $0.4475 on its 1999 variable-rate stock; $0.585 on its January 2001 variable-rate stock; $0.63889 on its March 2001 variable-rate stock; $0.645 on its May 2001 variable-rate stock; $0.75 on its 6% stock; $0.7125 on its 5.7% stock; $0.75 on its 2006 variable-rate stock; $0.8025 on its 6.42% stock; 0.36875 on its 5.9% stock; 0.348125 on its 5.57% stock; 0.35375 on its 5.66% stock; and 0.27592 on its 6.02% stock. The dividends will be payable on Sept. 28 to stockholders of record as of Sept. 17.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
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The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24 -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24 -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24