Freddie Mac is one of the two quasi-governmental mortgage investment companies regulated by the Federal Housing Financing Agency. Freddie Mac buys mortgage loans from banks who have made the mortgage loans to consumers. Freddie Mac sets criteria for the loans that they will buy and banks try to meet these criteria in order to sell the loans. When banks get money from Freddie Mac, they have more money to loan to home buyers.
Rising Interest Rates On The Horizon With Trump Presidency
Rising interest rates are on the horizon, according to Federal Reserve Chair Janet Yellen. And, it doesn't look at though Donald Trump's election will change the interest rate forecast. In Congressional testimony, Yellen said that the Federal Reserve plans an interest rate increase "relatively soon." But, mortgage interest rates are already rising sharply. According to [...]
Ep. 26: Homeownership and the American Dream
Is homeownership still a part of the American Dream? Can we trust that the secondary mortgage market won’t collapse again like it did in 2008? Get answers to these questions by listening to this week’s episode of the Ilyce Glink Show. You can click the audio link below to listen to the full show, or [...]
Christmas Gifts: A Lump of Coal for the Housing Industry
Christmas Gifts: A Lump of Coal for the Housing Industry. Yesterday afternoon, I sat in on a conference call about covering the foreclosure crisis. But it wasn't so much a lesson in foreclosure journalism (if there's such a thing) as it was a discussion of where we are in the now four-year housing crisis with a dash of speculation as to when we might get out of here.
Streamline Loan Modification Update
I have spent quite a bit of time this week calling big mortgage lenders to chat about their streamline loan modification program. Here's what I learn...
An Update On Streamline Refinancing
On this Sunday's show, I talked about how streamline refinancings might be possible. Different lenders are considering this option, which basically al...
Freddie Mac Fast Tracks Mortgage Help
As more bad news continues to come out of Wall Street, Freddie Mac offers some help with a new plan to aid families facing foreclosure. Under the Stre...
Freddie Mac Promises to Increase Share Price
If you were reading the ThinkGlink blog on November 21, you probably saw that the New York Stock Exchange had given Freddie Mac a warning because its ...
Today’s Clark Howard Show
Every year for the past 11 years, I've filled in for Clark Howard on the day before Thanksgiving and on Black Friday, the day after Thanksgiving. We a...
Ilyce Glink on WSB Radio – November 26, 2008
Ilyce Glink filled in for Clark Howard, as part of an annual pre-Thanksgiving tradition. She discussed her plans for a Thanksgiving feast and strategized for Black Friday shopping. Ilyce discussed spending concerns for holiday shopping and shared some inexpensive gadgets that might make good gift ideas. She also reviewed Treasury Secretary Hank Paulson’s announcement of an $800 billion boost to consumer finances, including $600 billion to buy Fannie Mae and Freddie Mac assets. On news of lower mortgage interest rates, she discussed whether it is a good time to refinance.To find out more, tune into the show. For show notes and updates through the week, check out her blog at www.thinkglink.com/blog , and sign up for her free weekly newsletter on the ThinkGlink.com home page. Check out the videos at www.expertrealestatetips.net. Subscribe to her YouTube channel: www.youtube.com/expertrealestatetips and friend her to find out about new videos.
Freddie Mac’s Stock May Be Delisted
The New York Stock Exchange notified Freddie Mac that its shares may be delisted if it cannot raise its share price above $1 within 30 days. NYSE gav...