Most mortgage stocks, along with the rest of the market, took a hit Tuesday as renewed inflation fears put downward pressure on stocks, but Wednesday morning brought a recovery for most mortgage stocks that passed by Freddie Mac.By noon Wednesday mortgage stocks were in recovery mode, with many seeing gains that wiped out Tuesday's losses. Not so fortunate was secondary-market giant Freddie Mac, which was off more than 2% at noon after releasing final 2005 earnings after the close of the markets on Tuesday. Freddie Mac was trading at $60.17 just after noon, down $1.41 from its opening price.
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There's broad support for the effort to reduce costs and processes, but the Appraisal Institute warns about reducing property valuation quality control checks.
June 24 -
Foundation had introduced Version 3 of its credit risk model, using the most recent delinquency data, to improve loan performance predictions.
June 24 -
Fannie Mae's conservator is supporting the government-sponsored enterprise's test within certain boundaries, according to a recent social media post.
June 24 -
The Senate Banking Committee is slated to consider Christopher Phelen to be the chair of the Council of Economic Advisers on Thursday. Phelen has said in past academic papers that fractional reserve banking is "highly problematic."
June 24 -
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The bureau said the move is intended to remove potentially confusing language with an upcoming revision to the Equal Credit Opportunity Act.
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