Freddie Mac also reported net income of $2.7 billion for the third quarter, up from $2.5 billion in the previous quarter but down from $4.6 billion one year earlier. The government-sponsored enterprise (GSE) will make $2.6 billion dividend requirement to the U.S. Treasury in December.
“The third quarter marked another very good quarter for Freddie Mac, with comprehensive income of $2.6 billion,” said Freddie Mac Chief Executive Officer Donald Layton. “This continues our growing quarterly track record of producing stable and strong earnings, all while responsibly supporting the company’s mission and reducing taxpayer exposure to our risks. As we look back on our 10 years in conservatorship, these results make clear that Freddie Mac is a transformed company that plays a key role in reforming and improving America’s housing finance system.”
Title company’s chief economist says history shows rising mortgage rates may take the steam out of rising house prices, but don’t necessarily trigger a decline.
The housing market is “normalizing” as affordability rapidly declines, forcing both buyers and sellers to adjust their expectations, according to a new report.
First American Financial Corp., a provider of title, settlement, and risk solutions for real estate transactions, ...
About 12% of customers may have been affected, according to a source.
Updated at 3:30 p.m. on 5/27/22
Equifax, one of the country’s three largest consumer credit reporting agencies, is telling lenders that a coding issue introduced during a technology change to its legacy online model platform may have resulted in the miscalculation of certai...