Freddie Mac has reported the repurchase of $2.24 billion of outstanding Reference Notes securities.Freddie said the repurchase total consisted of $990 million of 5.500% notes due Sept. 15, 2011; $900 million of 6.000% notes due June 15, 2011; $225 million of 5.500% notes due July 15, 2006; and $125 million of 4.875% notes due March 15, 2007. Freddie Mac can be found on the Web at http://www.freddiemac.com.
-
The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
4h ago -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
8h ago -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
11h ago -
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