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Fannie, Freddie have sold 130,808 loans totaling $24.5 billion through June 2021
Net income of $2.9B was up 19% from a year earlier, driven by higher net interest income and decline in delinquencies.
Appraisal values are more likely to fall lower than the contracted sale price of a home in census tracts with a higher concentration of Black and Latino households.
Mortgage rates are retreating once again, with the 30-year fixed-rate falling to 2.77% for the week ending Aug. 5, 2021.
Freddie Mac's Primary Mortgage Survey reported that the 30-year fixed-rate mortgage averaged 2.80% for the week ending July 29, 2021.
Freddie Mac named Jerry Mauricio as its senior vice president and chief compliance officer.
