Freddie Mac News

Mortgage giant Freddie Mac selected asset manager and securities servicer Bank of New York Mellon as custodian for documents related to its single-family mortgage business, effectively outsourcing the role after a three-month transfer period.

In a high-risk bid to curb foreclosures, the Obama administration announced Wednesday that U.S.-controlled lenders Fannie Mae and Freddie Mac will allow struggling homeowners to refinance their loans for up to 25% more than their home is worth.

Freddie Mac announced Wednesday that it would offer loan-to-value ratios on home mortgage refinancings of up to 125 percent for qualified borrowers.

Government allows more troubled borrowers to qualify for a refinancing program run by the mortgage financiers.

U.S. mortgage rates dropped in the latest week, a move that bodes well for the hard-hit U.S. housing market, which has been showing signs of a recovery.

Struggling homeowners may soon be getting more help from Uncle Sam. Housing and Urban Development Secretary Shaun Donovan announced today that Fannie Mae and Freddie Mac will begin refinancing mortgages with loan-to-value ratios of 125 percent.

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The Obama administration on Wednesday broadened its refinance program for underwater borrowers, those who owe more than their homes are worth.

Putnam Investments said Charles "Ed" Haldeman Jr. will step down on Tuesday as chairman of the Boston investment company, ending a turbulent seven-year run at the firm.

Freddie Mac gets extra $6.1-billion in aid Mortgage company has now received $51.7-billion from the Treasury Department and still has access to an additional $149.3-billion STEPHEN BERNARD NEW YORK - Last updated on Wednesday, Jul.

Freddie Mac is preparing to name Charles "Ed" Haldeman Jr. as its new CEO, according to media reports.

Freddie Mac continues take huge losses due to a high level of seriously delinquent mortgages.

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The federal government is likely to spend $835 billion this year fighting the crises in the financial system and the economy, according to a new report by the Congressional Budget Office.

While mortgage giant and government-sponsored enterprise Freddie Mac saw 2.62% of its single-family mortgages seriously delinquent in May, its refinance-loan purchases dropped 7% from the month before.

Of all the things you could say about Fannie Mae and Freddie Mac , too-strict lending standards probably wouldn't come to mind.

Despite efforts by Fannie and Freddie to modify loans, foreclosures are flooding the government-sponsored enterprises at an increasing rate.

The White House's proposed financial rules overhaul Wednesday includes provisions that push banks to increase lending to low-income areas, even as it seeks to increase both federal and state oversight of that "subprime" market.

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Mortgage rates fell over the past week, putting rates for 30-year fixed mortgages at about one percent lower than a year ago.