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Mortgage financier Freddie Mac loosened guidelines for its so-called ?Relief Refinance Mortgage,? which is what they seem to be calling loans refinanced under the Making Home Affordable program.
Going forward, borrowers will be able to refinance a Freddie Mac-owned or guaranteed mortgage with any affiliated lender, instead of having to work with the current loan servicer.
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Freddie Alters Relief Refinance Terms
In attempt to further the success of President Obama’s Making Home Affordable Program, Freddie Mac (FRE: 0.73 -3.95%) today announced a number of changes to its refinance offering under the program...
Freddie Mac Mortgage Refinance Purchases Swell 41%
" The volume of refinance loans bought by mortgage giant Freddie Mac (FRE: 1.19 -1.65%) continued to grow in December, swelling 41% from the previous month to $27.3bn."
Freddies Refinance Purchases Fall Since April
While mortgage giant and government-sponsored enterprise Freddie Mac (FRE: 0.53 -22.06%) saw 2.62% of its single-family mortgages seriously delinquent in May, its refinance-loan purchases dropped 7% from the month before...
Despite Narrowed Losses, Freddie Needs $6.1 Billion
Mortgage giant Freddie Mac (FRE: 0.80 -6.98%) posted a $9.9bn net loss — or $3.14 per share — in Q109, from the $23.9bn net loss in Q408. The company’s refinance-loan purchase volume quadrupled since the previous quarter, but poor performance of securitized loans drove Freddie into a net worth deficit...
FHFA Refinance Report Underscores Impact of Interest Rates on Refinance Volumes
News release and report: "Fannie Mae and Freddie Mac refinanced more than 3.2 million mortgage loans in 2009 through August...
The Death of Mortgage Refinance Looms
``Who in the world that qualifies for a refinance (guidelines and equity ain?t changin? any time soon) will be at a rate high enough to be in need of a 6.25% 30 year fixed. The answer is nobody...
Stay or Go Freddie Mac changes offer homeowners more refinancing choices
?We are responding to consumers’ desires to have more refinancing options,? said Freddie Mac Executive Vice President Don Bisenius. ?As an added benefit, we are expanding the program and providing greater flexibility in financing closing costs...
What Democrats Said About Fannie and Freddie
The Wall Street Journal collects some Democrats' quotes about Fannie and Freddie. Story here. I guess no Republican ever praised Fannie and Freddie, since the WSJ only repeats what Democrats said...
cash out refis hit five year low 3
"Only 42 percent of refinances carried out during the first quarter resulted in cash out, according to the latest ?Cash-Out Refinance Report? from Freddie Mac."
Is It Really A Good Time to Refinance
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Or stated another way; “Does a rate reduction help your finances?” Not all refinances are a good idea. Even a refinance solely to reduce your interest rate can be a losing proposition...