Freddie Mac has announced that the company will release its fourth quarter and full-year 2007 financial results before the New York Stock Exchange opens on Feb. 28. The company said it will hold a conference call at 10 a.m. EST on that date to discuss the results. To listen to the call, domestic investors should call 1-800-230-1074, and international investors should call 1-612-288-0329, approximately 10 to 15 minutes before the start of the call. A spokesman for Freddie's rival Fannie Mae told MortgageWire that Fannie will release its 2007 results before the end of February. A live webcast of Freddie's call and related information will be available through its website at http://www.freddiemac.com/investors/webcasts.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25