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THE ECONOMY.(TO THE POINT)
Weekly mortgage demand rises
The Mortgage Bankers Association's mortgage loan applications index jumped 23.2% last week, as refinancing activity surged. Demand for new home loans rose 2.6%, while refinancing requests ballooned 35.2%. Refis accounted for 67.6% of total applications, the highest share since Nov. 9.
Freddie Mac said 67% of homeowners refinancing Freddie Mac-owned mortgages in Q2 took equity out of their homes. In Q1, 60% of refis were cash-out.
Consumer comfort gauge falls
ABC News and Money magazine said their consumer comfort index fell one point to -12 in the July 28 week. Among those surveyed, 35% rate the economy as excellent or good, down one point in the week. Fifty-eight percent rate their own finances as excellent or good, down one point.
The Senate Banking committee approved Fed nominees Ben Bernanke and Donald Kohn. The full Senate could vote this week.
Russia needs to clean up corruption if it wants to gain membership in the WTO, say U.S. officials.
- Freddie Mac Forecasts $2.3 Trillion.
- Magazine article from: National Mortgage News Muolo, Paul January 7, 2008 700+ words
...especially the subprime sector - Freddie Mac believes lenders will produce close...loans this year, the most optimistic forecast made to date. The GSE thinks some...loan can be sold to Fannie Mae or Freddie Mac, few lenders are originating A...
- Freddie Mac Shores Up Capital but Still Faces Hurdles.
- Newspaper article from: Asset Securitization Report Menchaca, Paul December 10, 2007 700+ words
...agencies responded to Freddie Mac's third-quarter deficit...downgraded shares of Freddie Mac from "neutral" to...capital generation over our forecast horizon, which should...Fannie Mae in October. Freddie Mac's retained portfolio...
- Freddie Mac Mess 'Hurts Rates'.
- Magazine article from: National Mortgage News Collins, Brian August 4, 2003 700+ words
The fallout from Freddie Mac's accounting scandal...said the restatement of Freddie Mac's earnings and the investigation...have scaled back their forecast for mortgage originations...enormous change." But Freddie Mac officials dispute their...
- Freddie Mac Misstated Profits.
- Newspaper article from: Knight Ridder/Tribune Business News June 26, 2003 700+ words
...said. Since January, Freddie Mac has been conducting an...For the first time, Freddie Mac also acknowledged that...near Wall Street's forecasts. The company said the...today reflects poorly on Freddie Mac's past accounting...
- Has added Freddie Mac to their watch list.
- Press release article from: M2 Presswire February 4, 2008 700+ words
...Eastern Time at the Freddie Mac office located at 8000...Proxy materials and Freddie Mac's 2007 annual report...stockholders in accordance with Freddie Mac's bylaws and NYSE requirements...factors of a 5-year forecast. Most investors...
- How Freddie sees it. (Freddie Mac: US Federal Home Loan Mortgage Corp and the...
- Magazine article from: ABA Banking Journal November 1, 1990 700+ words
Newly restructured Freddie Mac is Pushing for more bank business...perception. To this day, Freddie Mac's mission continues to be...this shift, says Brendsel, Freddie Mac will be scrutinizing more...major question mark in the forecast.) The organization's credit...
- Progressive Following on Freddie Mac.
- Press release article from: M2 Presswire January 14, 2008 700+ words
...and rental housing. Freddie Mac purchases single-family...markets. Over the years, Freddie Mac has made home possible...additional information about Freddie Mac, visit: www.FreddieMac...as they had previously forecast, and have now pushed...
- Freddie Mac posts strong results. (Business alert).(Brief Article)(Statistical...
- Magazine article from: Mortgage Banking December 1, 2001 700+ words
...year for the next five years. This forecast is based on Morgan Stanley's outlook...growth in the housing markets, Freddie Mac's cost and technology advantages...outpacing Morgan Stanley's forecast of $467 billion. The total book...
