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Freddie Mac

Greystone Chosen as Approved Multifamily Lender for Freddie Mac Program

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Greystone has announced that it has been selected by Freddie Mac Multifamily to sell loans under the new Small Balance Loan offering. This new agency platform offers fixed-rate and hybrid adjustable-rate mortgage loans ranging from $1 million to $5 million on multifamily acquisitions or refinancings.Click to continue

Fixed-Rates Hit Lowest Mark Since June 2013

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Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates hitting new lows for the year as 10-year bond yields briefly dipped below two percent. At 3.97 percent the average 30-year fixed rate is at its lowest level since the week of June 20, 2013 when it averaged 3.93 percent. This was also the last time the 30-year fixed averaged below four percent in the PMMS until this week.Click to continue

FHFA Single Security Proposal Could Save Taxpayers Hundreds of Millions Annually

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In a letter sent to the Federal Housing Finance Agency (FHFA), the Financial Services Roundtable’s (FSR) Housing Policy Council (HPC) voiced its support for the agency’s proposal to create a single security to be issued and guaranteed by Fannie Mae and Freddie Mac.Click to continue

Three Very Different Approaches to Affordable Housing

House of Blocks/Copyright: Phil Ashley/Credit: Phil Ashley

Affordable housing—or, more accurately, the lack thereof—has been a critical problem facing the U.S. residential market. Three new developments on this front—a new securitization endeavor, a newly announced privately funding effort and a controversy over a New York City development—show a housing segment that is a state of tumult and flux.Click to continue

Fixed-Rate Mortgages Dip Back Down to 2014 Lows

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Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates falling back near their lows for 2014, as the 30-year fixed-rate mortgage (FRM) averaged 4.12 percent with an average 0.5 point for the week ending Oct. 9, 2014, down from last week when it averaged 4.19 percent. A year ago at this time, the 30-year FRM averaged 4.23 percent.Click to continue

Nationwide Fixed-Rates Drop Slightly to 4.19 Percent

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Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed-rate mortgages (FRMs) flat to slightly down amid positive data on GDP, but mixed housing reports. The 30-year FRM averaged 4.19 percent, with an average 0.4 point for the week ending Oct. 2, 2014, down from last week when it averaged 4.20 percent. A year ago at this time, the 30-year FRM averaged 4.22 percent.Click to continue

Mixed Housing Data Causes Slight Rise in Rates

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Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed-rate mortgages (FRMs) easing slightly from the previous week amid mixed housing data. The 30-year FRM averaged 4.20 percent, with an average 0.5 point for the week ending Sept. 25, 2014, down from last week when it averaged 4.23 percent. A year ago at this time, the 30-year FRM averaged 4.32 percent. The 15-year FRM also averaged 3.36 percent with an average 0.5 point, down from last week when it averaged 3.37 percent. A year ago at this time, the 15-year FRM averaged 3.37 percent.Click to continue

FHFA: Delinquencies Drop in Q2

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The Federal Housing Finance Agency (FHFA) has released a report showing that Fannie Mae and Freddie Mac completed approximately 80,000 foreclosure prevention actions in the second quarter of 2014, bringing the total to nearly 3Click to continue