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| | The Mortgages Weblog - mortgages.weblogsinc.com |
 | | ”Freddie Mac is preparing to announce a new suite of affordable loan products that will help workers earning 100% of median income to get 100% financing with only a $500 borrower contribution required. | | | Starting March 1, Freddie seller/servicers will be able to offer the new Home Possible products and process the loans through Loan Prospector — the mortgage company’s automated underwriting system. | | | The Freddie Awards, named after Sir Freddie Laker, are awarded to the best frequent travel programs. |
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http://mortgages.weblogsinc.com/page/14
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| | Freddie Mac Foundation Board Elects Ralph F. Boyd, Jr. Chairman - 2/4/2005 |
| | Boyd replaces Freddie Mac Chairman and CEO Richard F. Syron, who remains on the Foundation board but resigned as its chair to focus more attention on key legislative and business issues facing the company, including working with the Administration and Congress to achieve regulatory oversight legislation that strengthens market confidence and promotes the companys mission. | | | Created by Freddie Mac in 1991, the Freddie Mac Foundation is dedicated to opening the doors to hope and opportunity for children and their families. | | | As the largest corporate funder in the Washington, DC metropolitan area, Freddie Mac and the Freddie Mac Foundation have invested more than $256 million in organizations serving the community. |
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http://www.freddiemacfoundation.org/news/html/20050204_boydfmfrel.htm
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| | Freddie Mac Press Release: Freddie Mac Adds Johnson Capital Group To Its Program Plus® Network -- 05/02/2002 |
| | Freddie Mac is a stockholder-owned corporation established by Congress in 1970 to support homeownership and rental housing. | | | Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage passthrough securities and debt instruments in the capital markets. | | | McLean, VA - Freddie Mac announced today that Johnson Capital Group has joined Freddie Mac's Program Plus® correspondent network. |
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http://www.freddiemac.com/news/archives2002/programplus_050202.htm
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| | Freddie Mac News Archive: Mayors Herenton, Wharton Join Freddie Mac, Memphis Coalition to Launch Don't Borrow Trouble Anti-Predatory Lending Campaign. |
| | Memphis, TN – Memphis Mayor Willie Herenton, Shelby County Mayor A C Wharton Jr., Freddie Mac and a coalition of more local public and private organizations today launched an aggressive new consumer outreach campaign to eradicate predatory lending in Memphis and Shelby Counties. | | | First piloted in Boston by Mayor Thomas M. Menino and the Massachusetts Community and Banking Council, Freddie Mac has now expanded Don't Borrow Trouble throughout the nation. | | | Over the past five years, Freddie Mac has invested nearly $4.4 billion in the Memphis area helping some 37,000 families own homes. |
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http://www.freddiemac.com/news/archives/predatory_lending/2004/memphisdbt_042604.html
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| | Federal Home Loan Mortgage Corporation - Wikipedia, the free encyclopedia |
| | The Federal Home Loan Mortgage Corporation ("Freddie Mac") NYSE: FRE, a government sponsored enterprise, is a stockholder-owned, publicly-traded company chartered by the United States federal government in 1970 to purchase mortgages and related securities, and then issue securities and bonds in financial markets backed by those mortgages in secondary markets. | | | Freddie Mac makes money by charging a guarantee fee which is usually a small part of the interest payment of the loans they have securitized into bonds. | | | Freddie Mac, like its competitor Fannie Mae is regulated by the Office of Federal Housing Enterprise Oversight (OFHEO) in the United States Department of Housing and Urban Development. |
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http://en.wikipedia.org/wiki/Federal_Home_Loan_Mortgage_Corporation
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| | Freddie Mac News Archive: Banking Executive Thomas S. Johnson Elected to Freddie Mac's Board of Directors. |
| | Johnson is expected to serve on the Finance and Capital Deployment Committee and the Mission and Sourcing Committee of Freddie Mac's board. | | | Freddie Mac is a stockholder-owned corporation chartered by Congress in 1970 to create a continuous flow of funds to mortgage lenders in support of homeownership and rental housing. | | | The mortgages sold to Freddie Mac during 2003 represented approximately 8 percent of the subsidiary's total mortgage origination volume for that year. |
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http://www.freddiemac.com/news/archives/corporate/2004/johnson_060704.html
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| | Bonds: Use Our New Bond Forum - This is Full at 2000 Posts |
| | Washington investors who were counting on Freddie Mac's long-awaited restatement of its earnings reports to clear the air and usher in a new era of full and frank disclosure by the giant McLean mortgage finance company got their comeuppance Friday when the restatement was issued. | | | While Freddie Mac officials proclaim that they are being "extremely transparent and candid" about their business, they have been lobbying behind the scenes to keep Congress from passing legislation that would make those words mean something. | | | What's happening at Freddie in 2003 is still unknown, because Freddie Mac officials acknowledged Friday that they are unable to calculate profits for even the first quarter, let alone the second and third. |
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http://www.suite101.com/discussion.cfm/investing/12763/870503
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| | Freddie Mac Release: Rep. Lee, FM, Bank of America unveil East Bay Delta Lease-Purchase Program -- 9/20/2001 |
| | Freddie Mac is a stockholder-owned corporation chartered by Congress in 1970 to create a continuous flow of funds to mortgage lenders. | | | Freddie Mac, Bank of America, and the East Bay-Delta Housing and Finance Agency make the "Lease Purchase" homeownership initiative available to the East Bay and Delta areas. | | | Since 1995, Freddie Mac has invested $13.9 billion in the Oakland area, financing homeownership for 92,200 residents. |
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http://www.freddiemac.com/news/archives2001/leasepurchase0920.htm
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| | Freddie Mac Release: Anti-Predatory Lending Campaign to Help Oakland Families -- 6/18/2001 |
| | Freddie Mac is a stockholder-owned corporation established by Congress in 1970 to create a continuous flow of funds to mortgage lenders in support of homeownership and rental housing. | | | Pioneered in Boston and expanded nationally by Freddie Mac, the campaign was honored with an award for excellence by the U.S. Conference of Mayors. | | | Freddie Mac purchases mortgages from lenders and packages them into securities that are sold to investors. |
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http://www.freddiemac.com/news/archives2001/dbt_oakland.htm
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| | Freddie Mac Announces Timeframe and Process for Submitting Stockholder Proposals |
| | At this time, Freddie Mac is announcing the timeframe for submission of stockholder proposals in order to provide stockholders with the opportunity to submit stockholder proposals to be considered for inclusion in the company's proxy statement for the annual meeting. | | | Freddie Mac is a stockholder-owned company established by Congress in 1970 to support homeownership and rental housing. | | | Stockholder Proposals to be Included in Freddie Mac's Proxy Statement To be considered for inclusion in the proxy statement, stockholder proposals must be submitted in writing to Corporate Secretary, Freddie Mac, 8200 Jones Branch Drive MS 200, McLean, Virginia 22102 and received by Freddie Mac by August 27, 2004. |
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http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/07-22-2004/0002216253&EDATE=
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| | Freddie Mac |
| | Freddie Mac believes that prepayment penalty mortgages with terms of greater than three years are more onerous and provide a disincentive for borrowers to improve their credit. | | | Freddie Mac is committed to creating a fairer and more efficient mortgage market that promotes homeownership opportunities for America's families and that provides borrowers with the products and services that best meet their needs. | | | Freddie Mac recognizes that a complete ban on subprime prepayment penalties would severely disrupt the subprime market segment, limit borrower options, and immediately increase rates for all subprime borrowers. |
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http://www.freddiemac.com/singlefamily/ppmqanda.html
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| | Freddie Mac's Debt Securities |
| | Callable Debt Securities [PDF 492K ] - This brochure provides an overview of Freddie Mac's callable debt as an asset-liability management tool and an integral part of our overall funding program. | | | By publishing the Quarterly Funding Announcement before each quarter begins, the market can better anticipate upcoming issuances, thereby increasing the transparency and predictability of Freddie Mac’s debt funding activities. | | | July 12, 2005 – Freddie Mac Prices New $3 Billion Two-Year and $4 Billion 10-Year Reference Notes® Securities. |
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http://www.freddiemac.com/debt
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| | Freddie Mac News Release |
| | The 20 Service Award Winners and their nominating wholesalers were honored today at a Freddie Mac-sponsored reception at the National Association of Mortgage Brokers Annual Convention. | | | Freddie Mac is a stockholder-owned corporation chartered by Congress in 1970 to create a continuous flow of funds to mortgage lenders. | | | "All of the Service Award winners are true industry stars," said Patricia McClung, Freddie Macs vice president of Loan Prospector Marketing. |
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http://www.freddiemac.com/news/archives2000/lpisa.htm
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| | Freddie Mac Release: FM Purchases $36.4 Million Portfolio from Lend Lease Mortgage Capital -- 11/19/2001 |
| | McLean, VA - Freddie Mac recently purchased $36.4 million of Early Rate-Lock conventional multifamily mortgages from Lend Lease Mortgage Capital secured by six properties in the Baltimore, MD, area that provide 1,822 units of housing affordable to families with low/moderate incomes. | | | "Lend Lease suggested Freddie Mac financing and we were won over by Freddie Mac's Early Rate-Lock option and competitive pricing. | | | "Freddie Mac’s commitment to affordable, accessible rental housing is showcased in this transaction with Lend Lease Mortgage Capital,” said Mitchell Kiffe, vice president of Freddie Mac's Multifamily Loan Production Department. |
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http://www.freddiemac.com/news/archives2001/lendlease_1119.htm
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| | Third Quarter Economy Much The Same As Last Quarter, Predicts Freddie Mac |
| | Freddie Mac does expect strong growth 9 percent in mortgage debt outstanding, primarily because house prices continue to grow at a much faster pace than prices generally, construction continues to be strong, and a lot of the refinancing will take out equity. | | | Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage passthrough securities and debt instruments in the capital markets. | | | Freddie Mac is a stockholder-owned corporation established by Congress in 1970 to support homeownership and rental housing. |
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http://www.mbaa.org/industry/news/01/0725a.html
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| | Freddie Mac Revising Private Mortgage Insurance Cancellation Policies For New And Current Borrowers |
| | Freddie Mac will continue to allow borrowers to cancel MI when their mortgage reaches 80 percent of the property’s value, provided that certain conditions are met. | | | While the automatic cancellation provisions of the law apply only to mortgages originated after July 28 of this year, Freddie Mac’s new guidelines will extend some of the same benefits under the law to existing loans. | | | Freddie Mac Revising Private Mortgage Insurance Cancellation Policies For New And Current Borrowers |
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http://www.mortgagebankers.com/resident/lib/042899.html
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| | Washingtonpost.com: WashTech |
| | Freddie Mac started its Y2K efforts in 1994 – far earlier than many others in Corporate America – and now has about 75 percent of its systems fixed. | | | Freddie Mac has assembled more than 300 staffers to work on the Year 2000 problem. | | | "I don't think we've ever done anything this big – ever," said Jean Steele, a Freddie Mac vice president who oversees the Y2K project, which is likely to cost the company $50 million to $75 million. |
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http://www.washingtonpost.com/wp-srv/washtech/longterm/y2k/overview2.htm
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| | Ralph Boyd Jr Profile - Forbes.com |
| | Boyd is the Executive Vice President/Community Relations of the Federal Home Loan Mortgage Corporation ("Freddie Mac"), the Chairman of the Freddie Mac Foundation, and a Director of the Home Ownership Funding Corporation and the Home Ownership Funding Corporation II, two real estate investment trust affiliates of Freddie Mac. | | | Boyd was the General Counsel of Freddie Mac. | | | Boyd was an Assistant Attorney General of the United States for Civil Rights in the U.S. Department of Justice from 2001 until 2003 and a trial partner with the Boston law firm of Goodwin Procter LLP from 1997 until 2001. |
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http://www.forbes.com/finance/mktguideapps/personinfo/FromMktGuideIdPersonTearsheet.jhtml?passedMktGuideId=452376
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| | emortgages |
| | Wells Fargo Home Mortgage Sells an eMortgage to Freddie Mac (Real Estate News) | | | Wells Fargo Home Mortgage, Greenlight Financial Services and Freddie Mac Lead Effort to Streamline eMortgage (PR Newswire via Yahoo! | | | Wells Fargo Home Mortgage announced today that it has successfully sold an eMortgage to Freddie Mac. |
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http://emortgages.networklive.org
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| | Boston.com / Business / US 30-year mortgage rates highest since December |
| | U.S. 30-year fixed rate mortgages rose to their highest average since early December as recent economic data suggested the Federal Reserve may raise interest rates in the near future, mortgage finance company Freddie Mac said Thursday. | | | Freddie Mac said U.S. 30-year mortgage rates averaged 5.89 percent in the latest week, up from 5.79 percent a week ago and the highest since they stood at 6.02 percent in the Dec. 5, 2003 week. | | | Freddie Mac said lenders charged an average of 0.6 percent in fees and points on 30- and 15-year mortgages, both down from 0.7 percent last week. |
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http://www.boston.com/business/articles/2004/04/15/us_30_year_mortgage_rates_highest_since_december
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| | Untitled Document |
| | Freddie Mac's disaster relief guidelines give its servicers the discretion to reduce or suspend mortgage payments for up to 12 months for borrowers whose mortgages are owned by Freddie Mac. | | | Freddie Mac is a stockholder-owned corporation chartered by Congress in 1970 to create a continuous flow of funds to mortgage lenders in support of homeownership and rental housing. | | | Freddie Mac purchases mortgages from lenders and packages them into securities that are sold to investors. |
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http://www.mortgagealmanac.com/articles/washwatchsum97.html
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| | DignityMortgage |
| | Freddie Mac was established in 1970, for the purpose of increasing the supply of mortgage loan funds available to commercial banks, savings and loan institutions, credit unions and other mortgage lenders, and to make such mortgage funds more accessible to a greater number of Americans. | | | If a mortgage lender is unable to sell a loan to Freddie Mac or other agency, it often must keep that loan in its portfolio (thereby assuming all the risk) or sell it at a loss through other financial institutions. | | | Mortgage lenders who sell their loans to Freddie Mac are able to approve and fund more mortgage loans, which in turn are sold to Freddie Mac (or Fannie Mae or Ginnie Mae). |
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http://www.dignitymortgage.com/MortgageIndustry/FreddieMac.htm
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| | Federal Home Loan Mortgage Corporation: No-Action, Interpretive, and/or Exemptive Letter of July 12, 2002 |
| | Since the Trust Indenture Act of 1939 does not apply to securities issued by Freddie Mac, the Federal Reserve Banks may remain the fiscal agent of Freddie Mac, and no independent trustee is required, for Freddie Mac's unsecured debt securities or mortgage-backed securities; | | | Freddie Mac is an agency, authority or instrumentality of the United States for purposes of the Investment Company Act; | | | Federal Home Loan Mortgage Corporation: No-Action, Interpretive, and/or Exemptive Letter of July 12, 2002 |
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http://www.sec.gov/divisions/corpfin/cf-noaction/freddiemac071202.htm
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| | The Spokesman-Review.com |
| | DeConcini, now a Washington lobbyist, is one of many former White House aides, defeated candidates, other former officials and leaders of minority groups whom presidents have appointed over the years to the boards of Freddie Mac and Fannie Mae, its larger D.C.-based rival in the home mortgage finance business. | | | Now, because of a shake-up in Freddie Mac's top management and questions about its accounting practices, its corporate governance and the role of its board are the subject of attention from congressional and federal authorities. | | | "I told him I wanted to be on the board of Freddie Mac or Fannie Mae," DeConcini said in an interview last week. |
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http://www.spokesmanreview.com/allstories-news-story.asp?date=070503&ID=s1377253
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| | Freddie Mac fires president over audit - The Washington Times: Business |
| | Specifically, he directed Freddie Mac to submit a plan to reform how the board of directors oversees management and accounting, and said his office would form a team to investigate the reauditing of finances. | | | Freddie Mac fired its top executive and accepted resignations from two others yesterday after the country's second-largest mortgage buyer admitted employee misconduct associated with an internal investigation into its accounting. | | | Falcon said the management shake-up at Freddie Mac was a good step but that more changes are needed. |
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http://www.washtimes.com/business/20030609-114506-2286r.htm
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| | Realty Times: Freddie Mac Buys HomeAdvisor's Loan Technology Platform |
| | Freddie Mac (NYSE:FRE) today announced that it has taken steps to provide more lenders with access to tools that will empower them to further streamline the mortgage process, reduce origination costs and seamlessly integrate their processes with those of mortgage investors. | | | For over 5 years, Freddie Mac has licensed the technologies it is now formally acquiring, first from Tuttle Decision Systems and subsequently from Microsoft, as part of a technology alliance announced last year. | | | Freddie Mac is a stockholder-owned corporation established by Congress in 1970 to support homeownership and rental housing. |
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http://realtytimes.com/rtnews/printrtpages/20010419_bitfreddiemac.htm
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| | Freddie Mac: Freddie Mac Corporate Homepage |
| | Freddie Mac has recently been honored by several organizations – including the National Association of Counties, Latina Style Magazine and the ENDependence Center of Northern Virginia – for its commitment to increasing homeownership, helping the community and supporting diversity issues. | | | Freddie Mac Chief Economist Frank Nothaft says economic conditions predicate a softening in the housing market, with the brunt of the impact hitting new home construction. | | | Freddie Mac's mission is to provide liquidity, stability and affordability to the housing market. |
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http://www.freddiemac.com
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| | Freddie Mac News Archive: Rep. Watt, Freddie Mac, Bank of America, Bb&T, Central Piedmont Community College, Ujamma Launch Pathways to Homeownership for Welfare-To-Work Students. |
| | Charlotte, NC – Rep. Melvin Watt (D-NC), Freddie Mac, Central Piedmont Community College (CPCC), Bank of America, BBandT, and UJAMMA, Inc., a local non-profit housing organization, today announced Pathways to Homeownership, a pilot initiative to helping help welfare recipients achieve homeownership. | | | Freddie Mac News Archive: Rep. Watt, Freddie Mac, Bank of America, Bb&T, Central Piedmont Community College, Ujamma Launch Pathways to Homeownership for Welfare-To-Work Students. | | | “UJAMMA, Inc. is pleased to partner with Freddie Mac, Central Piedmont Community College, BBandT, and Bank of America in this wonderful project. |
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http://www.freddiemac.com/news/archives/afford_housing/2002/pathto_102802.html
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| | Freddie Mac: Corporate Governance FAQ |
| | Freddie Mac anticipates filing its Form 10 registration statement with the Securities and Exchange Commission, for the purpose of registering its common stock under the Securities Exchange Act of 1934, in the second quarter of 2006, and becoming a registrant under that Act as soon as possible after the filing. | | | The statute that established Freddie Mac as a stockholder-owned corporation specifies that Freddie Mac is to have a board of directors consisting of 18 directors, with 13 directors elected by the stockholders and 5 appointed by the President of the United States. | | | Freddie Mac is in the process of implementing policies and procedures to become compliant with other provisions of the Act that will become applicable to it upon completion of the voluntary registration process. |
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http://www.freddiemac.com/corporate/about/governance/faq.html
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