Number of permanent modifications increases by 45 percent
WASHINGTON, DC – The U.S. Department of the Treasury and the Department of Housing and Urban Development (HUD) today released February data for the Administration’s Home Affordable Modification Program (HAMP). As of the end of the month, more than one million borrowers were receiving a median savings...
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Real Estate And Mortgage News
- Pending Home Sales RiseFollowing a sharp drop after the tax credit expiration, pending home sales rise modestly. […]
- Puerto Rico through 2010Q1 (Developmental Index; Not Seasonally Adjusted) [XLS]Puerto Rico through 2010Q1 (Developmental Index; Not Seasonally Adjusted) [XLS] […]
- Stabilizing Communities Through Responsible REO ManagementBy HomeSteps VP Chris Bowden Community stabilization is a critical component of our work to support the nation’s housing recovery. Stable communities foster steady home values and safer neighborhoods, which are important contributing factors to the growth and prosperity of local economies and their residents. At Freddie Mac, we help to stabilize communities […]
- Freddie Mac Names Subha V. Barry SVP, Chief Diversity OfficerMcLean, VA – Freddie Mac (OTC: FMCC) today named Subha V. Barry to the position of chief diversity officer (CDO). […]
- Home Values Rise in Second QuarterMcLean, VA – Freddie Mac (OTC:FMCC) announced today the results of its second quarter Conventional Mortgage Home Price Index (CMHPI). […]
The Economy
- U.S. International Trade in Goods and ServicesThe Nation's international trade deficit in goods and services decreased to $42.8 billion in July 2010 from $49.8 billion in June (revised), as exports increased and imports decreased. July 2010: -42.8 $ billion June 2010: -49.8 $ billion […]
Mortgages
Loan Modifications
Low Rates Help Make Home Buying More Affordable
McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.97 percent with an average 0.7 point for the week ending March 4, 2010, down from last week when it averaged 5.05 percent. Last year at this time, the...
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Fannie Mae Gives 3.5 Percent Seller Assistance
Incentive Part of Ongoing Effort to Stabilize Neighborhoods
WASHINGTON, DC — Fannie Mae (FNM/NYSE) announced today that people purchasing a Fannie Mae-owned HomePath® property will receive up to 3.5 percent of the final sales price to be used toward closing cost assistance or their choice of appliances. The offer is available to any owner-occupant who...
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Greater Philadelphia Region
- Lancaster Inns Open Their Doors To VetsFor Immediate Release Authentic Bed and Breakfast Association 1-800-552-2362 – www.authenticbandb.com Contact Lynne Griffin (stay@walkaboutinn.com) or 717-464-0707 Lancaster Inns Open Their Doors To Vets Lancaster, PA: Just how do you thank those who put themselves in the line of danger, risking their lives so that we enjoy ours in freedom? Waving flags and […]
- The Philadelphia Sketch Club’s 150th Anniversary Exhibition at City HallJOIN US Thursday, September 2nd, City Hall 5th floor, NE corner 5-7 pm in celebration of: The Philadelphia Sketch Club’s 150th Anniversary Exhibition at City Hall John Ennis, “Reservations”, oil on canvas. Philadelphia – The City of Philadelphia’s Art In City Hall exhibition program introduces an exhibition by the Philadelphia Sketch Club in celebration of i […]