Freddie Mac Spending Billions In the Hopes That Homeowners Fail To Make Payments

Freddie Mac in 2010 and 2011 bet against the very homeowners they are suppose to be working for. An investigation recently revealed that the company has spent billions of dollars to invest in security packages that provide ... continue

Freddie Mac CEO Out Amid Growing Scrutiny

Freddie Mac CEO Charles E. Haldeman Jr. is stepping down after two years at his post, in a series of exits that "portend a larger shakeup at Freddie Mac." In the past few days four of 11 board ... continue

Natural Gas Drilling Could Affect Mortgages

Natural gas is becoming an increasingly important piece of the alternative energy jigsaw - over the past decade, fom Texas to New York, a million Americans have signed leases that allow energy companies to drill on their ... continue

Mortgage Rates Up Again This Week

Relatively low lending rates coupled with still-stringent lending requirements have created a "quiet" mortgage market, but mortgage rates have jumped slightly over the sluggishness of last week, according to some industry sources. The Mortgage Bankers Association, an industry ... continue

Homeowners Shortening Mortgage Terms At Record Rates

With home loan rates hovering close to the 4% range for homeowners, many borrowers have begun approaching their banks in order to lower the terms of their borrowing length. According to mortgage broker Freddie Mac, the first quarter of ... continue

38% Of Homeowners With Second Mortgages Are Underwater

Homeowners who have borrowed against their home's equity by taking out a second mortgage are 38% more likely to owe more than their homes are actually worth. According to a report by CoreLogic the average person with a ... continue