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fully 83% of South Dakota Tea Party supporters said they would prefer to “leave alone” or “increase” Social Security benefits, while 78% opposed cuts to Medicare prescription drug coverage, and 79% opposed cuts in Medicare payments to physicians and hosp
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The C.E.O. , in his usual crisp manner, began the meeting without any small talk. “Let’s get to the business at hand,” he said. “We have to find ourselves a historian, and we have to do it A.S.A.P.” “Maybe a historian could figure out how we got this sill
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Feb. 17 (Bloomberg) -- The $145 billion payroll tax cut deal is heading toward passage in the U.S. Congress as soon as today with bipartisan support, including from many lawmakers who will be voting for ideas they oppose. “This is real money that will ma
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I have not been kind to Ron Paul and his participation in the Republican primary campaigns and it has taken me a while to understand why he is doing this. It is clear that he wants to be around to influence the Republican platform and the issue about whi
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WASHINGTON — “The one who can beat Obama: Rick Santorum,” the television commercial proclaims. That boast brings cheers from two quarters: the faithful followers of the conservative Republican presidential candidate, and the Democratic president’s politi
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"Across the United States, the largest increase in foreclosures and delinquencies, compared with 2008 levels, is with "jumbo" mortgages - loans too large to be insured by Fannie Mae and Freddie Mac, the government controlled mortgage finance providers. F
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Albert R. Hunt is the executive editor of Bloomberg News, directing coverage of the Washington bureau, which includes more than 250 reporters and editors. He hosts the weekly television show "Political Capital with Al Hunt" and writes a weekly column for
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I've highlighted those bullet-point PROPOSALS where I believe there are real opportunities for improving government within the next four years and dimmed those that I think are merely symbolic or horse-before-the-cart points. Those that need more conside
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The average rate on the 30-year fixed mortgage held steady at a record low for the third consecutive week, Freddie Mac said Thursday. That gives more incentive for those looking to buy a home or refinance their mortgage. Here is a look at rates for fixed
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LITTLE ROCK “The more the plans fail, the more the planners plan.” After all, he’s an intelligent man. He can recognize 2,000-
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Think the decks are stacked against homeowners these days? You're right, in ways you might never have realized. Freddie Mac, a taxpayer-owned mortgage company that got government bailout money in the 2008 financial crisis, is supposed to support homeowne
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WASHINGTON – The average rate on 30-year fixed mortgages held steady at a record low for a third straight week, offering more incentive to those looking to buy a home or refinance. Mortgage buyer Freddie Mac said Thursday that the rate on 30-year home lo
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The average rate on the 30-year fixed mortgage held steady at a record low for a third straight week, offering more incentive to those looking to buy a home or refinance. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year home loan was
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New Yorks largest foreclosure firm, which once handled thousands of cases in the Lower Hudson Valley, will officially close Monday, but it has left a trail of questions and frustrated property owners caught in legal limbo. The Steven J. Baum PC law firm,
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Some borrowers meet conditions, lower payments Buy This Photo Because of new guidelines for certain mortgages, more homeowners are taking advantage of refinancing. Brian Smith will pay 4 percent interest for his Scotchtown home under the new plan. DOMINI
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With the continuing bailout of Fannie Mae and Freddie Mac, along with the impending bailout of the Federal Housing Administration, it is easy to think that the federal government has a near monopoly on misguided and harmful housing policies. Sadly local
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President Barack Obama's new chief of staff is a multimillionaire, as were his first two chiefs of staff. Like the recently departed William Daley and Rahm Emanuel, Jacob Lew "made his millions while passing through the revolving doors that lie between t
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There are plenty of villains: social engineers and market ideologues in Washingto
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Was it a flub or fib? A slip or a flip-flop? Maybe a gaffe? Voters judging the presidential candidates must dig through a growing list of imprecise utterances these days to determine whether the remarks should be taken seriously. Even the smallest quips
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This week our leaders in D.C. extended the payroll tax deduction for another ten months. The new law also extends Unemployment Benefits, and it allows for a continuation of the old payouts to Doctors for Medicare reimbursements. The cost of the legislati
About Freddie Mac
Wikipedia
The Federal Home Loan Mortgage Corporation ("FHLMC") NYSE: FRE, commonly known as Freddie Mac, is a government-sponsored enterprise (GSE) of the United States Government. As a GSE, it is a stockholder-owned corporation authorized to make loans and loan guarantees. The FHLMC was created in 1970 to expand the secondary market for mortgages. Along... Full Article
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WASHINGTON, DC - DECEMBER 01: (L-R) Freddie Mac CEO Charles Haldeman Jr. , Federal Housing Finance Agency Acting Director Edward DeMarco and Fannie Mae President and CEO Michael Williams testify before the House Financial Services Committee's Oversight and Investigations Subcommittee...
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Getty Images
WASHINGTON, DC - DECEMBER 01: Freddie Mac CEO Charles Haldeman Jr. testifies before the House Financial Services Committee's Oversight and Investigations Subcommittee December 1, 2011 in Washington, DC. The CEO testified to the subcommittee about oversight of the Federal Housing...
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WASHINGTON, DC - NOVEMBER 16: Charles Haldeman Jr. , president and CEO of Freddie Mac, speaks during a House Oversight and Government Reform Committee hearing on Capitol Hill, on November 16, 2011 in Washington, DC. The committee is hearing testimony on whether Fannie Mae and Freddie...
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Reuters Pictures
Charles "Ed" Haldeman Jr. , Chief Executive Officer of Freddie Mac, speaks at Boston College's Chief Executive's Club of Boston luncheon in Boston, Massachusetts October 26, 2011. Haldeman will step down by the end of the year, the regulator of the company said on Wednesday. The Federal...
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Reuters Pictures
Ed Haldeman, CEO of Freddie Mac, gestures as he speaks at Boston College's Chief Executive's Club of Boston luncheon in Boston, Massachusetts October 26, 2011.
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US Treasury Secretary Timothy Geithner speaks during a press conference at the Treasury building on February 2, 2012 in Washington, DC. Geithner spoke about financial reform in 2012, saying more details are to come in the spring on the efforts by the administration of US President...
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Getty Images
WASHINGTON, DC - DECEMBER 16: Robert Khuzami (2nd R), Director of the U.S. Securities and Exchange Commission's (SEC) Enforcement Division, announces that the SEC has charged six former top executives of Fannie Mae and Freddie Mac with securities fraud, alleging they approved of...
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Getty Images
WASHINGTON, DC - NOVEMBER 16: (L-R) Michael Williams, president and CEO of Fannie Mae, and Charles 'Ed' Haldeman Jr. , president and CEO of Freddie Mac participate in a House Oversight and Government Reform Committee hearing on Capitol Hill, on November 16, 2011 in Washington, DC. The...
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AP Photo
House Capital Markets and Government Sponsored Enterprises subcommittee Chairman Rep. Scott Garrett, R-N.J. , the subcommittee overseeing Fannie Mae and Freddie Mac, talks about his proposals to restructure the market for buying and selling mortgage loans, known as the secondary mortgage...
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Reuters Pictures
Housing advocates demonstrate outside during a speech by Charles "Ed" Haldeman, CEO of Freddie Mac, to Boston College's Chief Executive's Club of Boston luncheon in Boston, Massachusetts October 26, 2011.
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Reuters Pictures
Attendees surf the internet at a Freddie Mac sponsored kiosk at the Independent Community Bankers of America's (ICBA) 2011 National Convention and Techworld in San Diego, California March 22, 2011.
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Reuters Pictures
Republican presidential candidate Mitt Romney takes questions from supporters during a town hall meeting at the Horry-Georgetown Technical College Grand Strand Conference Center in Myrtle Beach, South Carolina, December 17, 2011. Romney sought to create doubts about rival Newt Gingrich...
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WASHINGTON, DC - DECEMBER 01: Federal Housing Finance Agency Acting Director Edward DeMarco testifies before the House Financial Services Committee's Oversight and Investigations Subcommittee December 1, 2011 in Washington, DC. DeMarco and the CEOs of mortgage giants Fannie Mae and...
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Getty Images
WASHINGTON, DC - DECEMBER 01: Federal Housing Finance Agency Acting Director Edward DeMarco (L) talks with Fannie Mae CEO Michael Williams before testifying before the House Financial Services Committee's Oversight and Investigations Subcommittee December 1, 2011 in Washington, DC. ...
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Getty Images
WASHINGTON, DC - DECEMBER 01: Fannie Mae President and CEO Michael Williams testifies before the House Financial Services Committee's Oversight and Investigations Subcommittee December 1, 2011 in Washington, DC. The CEOs testified to the subcommittee about oversight of the Federal...
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AP Photo
FILE - In this Nov. 21, 2011 file photo, Republican presidential candidate, former House Speaker Newt Gingrich speaks at a town meeting at St. Anselm College in Manchester, N.H. Gingrich has never been a conventional Republican and he certainly doesn't see it as the way to catch Mitt...
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AP Photo
FILE - In this Nov. 21, 2011 file photo, Republican presidential candidate, former House Speaker Newt Gingrich gestures during a news conference at St. Anselm College in Manchester, N.H. Gingrich has never been a conventional Republican and he certainly doesn't see it as the way to...
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Reuters Pictures
Republican presidential candidate and former U.S. House of Representatives Speaker Newt Gingrich takes part in a South Carolina Republican party presidential debate in Spartanburg, South Carolina, in this November 12, 2011 file photo. Gingrich acknowledged on November 16, 2011 that he...
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Getty Images
WASHINGTON, DC - NOVEMBER 16: Michael Williams, president and CEO of Fannie Mae, participates in a House Oversight and Government Reform Committee hearing on Capitol Hill, on November 16, 2011 in Washington, DC. The committee is hearing testimony on whether Fannie Mae and Freddie Mac...
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Getty Images
WASHINGTON, DC - NOVEMBER 16: Chairman Darrell Issa (R-CA) participates in a House Oversight and Government Reform Committee hearing on Capitol Hill, on November 16, 2011 in Washington, DC. The committee is hearing testimony on whether Fannie Mae and Freddie Mac executives should be...
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WASHINGTON, DC - NOVEMBER 16: Michael Williams, president and CEO of Fannie Mae, looks at a monitor that reads 'Fannie and Freddie Still Owe Taxpayers $141 Billion', during a House Oversight and Government Reform Committee hearing on Capitol Hill, on November 16, 2011 in Washington, DC.
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National Peoples Action's Jordan Estevao, marching with the Freedom Plaza Occupation, Backbone Campaign & Economic Justice Allies, protests from a makeshift 'underwater home' November 10, 2011 to Demand Mortgage Correction in front of the Federal Housing Finance Administration (FHFA)...
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Getty Images
Demonstrators from the Freedom Plaza Occupation, Backbone Campaign & Economic Justice Allies protest November 10, 2011 to Demand Mortgage Correction in front of the Federal Housing Finance Administration (FHFA) in Washington, DC. Demonstrators are demanding that the FHFA force Fannie...
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AP Photo
FILE - In this Nov. 9, 2011 file photo, Republican presidential candidate former House Speaker Newt Gingrich speaks during a Republican Presidential Debate at Oakland University in Auburn Hills, Mich. Rising in national polls, Gingrich found himself on the defensive Wednesday over huge...
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AP Photo
In this photo taken Sept. 27, 2011, a real estate sign is posted outside a newly listed home for sale, in Cincinnati. Fixed mortgage rates have fallen to historic new lows for a fourth straight week and are likely to fall further. Freddie Mac says the average on a 30-year fixed mortgage...
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Getty Images
WASHINGTON, DC - DECEMBER 01: (L-R) Freddie Mac CEO Charles Haldeman Jr. , Federal Housing Finance Agency Acting Director Edward DeMarco and Fannie Mae President and CEO Michael Williams testify before the House Financial Services Committee's Oversight and Investigations Subcommittee...
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