Freddie Mac plans to release its first quarterly financial report since mid-2003 on June 14 when it reports the company's first quarter results."We are very proud that next week for the first time in five years we will return to quarterly reporting," Freddie chairman and chief executive Richard Syron said at the company's annual shareholders meeting. Freddie suspended its quarterly reporting in 2003 when massive accounting problems were uncovered and the publicly traded company had to restate earnings. Separately, Fannie Mae, which is behind Freddie in repairing its accounting systems, said its 2006 annual financial report will be released in the third quarter of this year. Fannie also has scheduled its annual shareholders meeting for Dec. 14. Freddie reported its 2006 annual results in March.
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
10h ago -
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
11h ago -
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
March 28 -
But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
March 28 -
Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
March 28