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1 03, 2013

GSEs play dominant market role amid political uncertainty

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Thu Feb 28, 2013 11:37am EST Feb 28 - The two U.S. housing government sponsored entities (GSEs), Fannie Mae and Freddie Mac, continue to play a key role in the U.S. housing market recovery, thus limiting the motivation for wide-reaching GSE reforms in the near future, according to a [...]
1 03, 2013

U.S. Mortgage Rates Drop, With 30-Year Fixed at 3.51%

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U.S. mortgage rates for 30-year fixed loans fell for the first time in six weeks, decreasing borrowing costs as home-price gains accelerated. The average 30-year rate was 3.51 percent in the week ended today, down from 3.56 percent, McLean, Virginia-based Freddie Mac (FMCC) said in a statement. The average [...]
1 03, 2013

Report Lays Out Plan to Reduce Government Role in Home Financing

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Can the American mortgage market ever function again without Uncle Sam guaranteeing that lenders will be repaid? It is amazing just how few people think it can. “For the foreseeable future, there is simply not enough capacity on the balance sheets of U.S. banks to allow a reliance on [...]
1 03, 2013

UPDATE 3-Freddie Mac turns first annual profit since 2006

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Thu Feb 28, 2013 7:24pm EST * Freddie Mac to pay $5.8 billion in profits to taxpayers * Earnings up on house price gains, better loan performance By Margaret Chadbourn WASHINGTON, Feb 28 (Reuters) - U.S. government-run mortgage finance provider Freddie Mac said on Thursday it earned $11.0 billion [...]
27 02, 2013

Bernanke says Fed stimulus benefits clear, budget cuts a risk

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By Pedro da Costa and Alister Bull WASHINGTON | Tue Feb 26, 2013 12:17pm EST (Reuters) - Federal Reserve Chairman Ben Bernanke strongly defended the U.S. central bank's bond-buying stimulus before Congress on Tuesday, easing worries monetary policymakers might be getting cold feet. The Fed chairman also urged lawmakers [...]