Mortgage servicer Ocwen Financial Corp said it would sell residential mortgage servicing rights on $45 billion of Fannie Mae loans to an undisclosed buyer, sending its shares up 5.5 percent in extended trading. The announcement comes a week after Ocwen said it would sell servicing rights on $9.8 billion of loans backed by Freddie Mac to Nationstar Mortgage Holdings Inc, as part of a strategy to …
Buying shares is a better investment than paying off your mortgage. Here's why.
WASHINGTON DC — via PRWEB – Can't live with them, can't live without them. That sums up the sentiment of leading mortgage and housing industry professionals when it comes to Fannie Mae and Freddie Mac, …
WASHINGTON (MarketWatch) — Mortgage rates moved higher after the strong jobs report, Freddie Mac said on Thursday. The average 30-year fixed-rate mortgage rose to 3.69% in the week ending Feb. 12 from …
Hunt Mortgage Group, a commercial real estate lender, announced today that it refinanced seven multifamily properties using Freddie Mac loan facilities. The properties are located in a variety of markets …
It's been another good week for prospective homebuyers and mortgage refinancers, as average fixed mortgage rates slipped for the third consecutive week, according to Freddie Mac.
Average interest rates on fixed-rate mortgages fell this week to their lowest level since May 2013, Freddie Mac said Thursday.
Closing out a year of surprisingly low mortgage interest rates, the average rate for a conventional 30-year home loan was 3.87% this week, Freddie Mac said, up slightly from 3.83% a week ago.
The 30-year fixed-rate average rises for the second week in a row, but ends the year 66 basis points below where it started.
Fixed mortgage rates ticked up this week but remain near lows for the year, according to Freddie Mac’s weekly survey of lenders.