Things are looking up at Freddie Mac. As of the end of the second quarter, Freddie Mac had a positive net worth and reported it will not require a draw from Treasury this quarter. The agency released its Refinance Report for June , showing that refinance volume remained strong in June as mortgage rates fell to all-time lows.
The report revealed that at the end of June, Freddie Mac and Fannie Mae had refinanced , loans through HARP in , more than the estimated total of , for all of LenderLive Network Inc. Freddie Mac announced Thursday that after more than three months of record-low drops, mortgage rates slid up this week. The year FRM also slid up, averaging 2. Freddie Mac released the results of its second quarter refinance analysis Wednesday, revealing that homeowners who refinance continue to strengthen their housing situations.
Freddie Mac's report showed that 81 percent of homeowners who refinanced their first-lien home mortgage either maintained the same loan amount or lowered their principal balance in the year's second quarter. DSNews The homepage of the servicing industry. Tag Archives: Freddie Mac. Featuring daily updates on foreclosure, REO, and the secondary market, DS News has the timely and relevant content you need to stay at the top of your game. The Seeds are Sown. Chapter 2. Two More Tools in the Toolkit.
Fannie Mae and Freddie Mac: Turning the American Dream into a Nightmare by Oonagh McDonald
Chapter 3. Chapter 4 Mortgage Data.
Chapter 5. Chapter 7. The Dominance of the GSEs.
- Pictors Metamorphoses: and Other Fantasies.
- Table of Contents!
- You are here.
- CEI Luncheon with Dr. Oonagh McDonald?
- Successful OSS Project Design and Implementation.
Chapter 8. The Years to Drinking in the Last Chance Saloon.
Rethinking Part of the American Dream
Chapter Why did Fannie Mae and Freddie Mac get away with it for so long? The End Cometh. What Next? Appendix 1 Abbreviations Bibliography Index.
- Rooted in the Earth: Reclaiming the African American Environmental Heritage.
- John Wayne: The Man Behind the Myth.
- The Concept of Rights?
The book is doubly useful because Ms McDonald cannot be accused of bias on an issue that has become excessively politicized in the US. If you want to know how US government housing policy led to the financial crisis, it is in these pages. Wallison, Arthur F. McDonald lays out how good intentions and contributory negligence of political power-players converted the American Dream from a reward for hard work into an entitlement for those who failed.
Harvey, President, Dalbar, Inc. Oonagh McDonald shows how ideology, in this case a misplaced belief that home ownership is always good, deterred both public scrutiny of Fannie Mae and Freddie Mac and market discipline. Supposed regulators became cheer-leaders and executives lined their pockets in the name of the American dream.