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A Shaky Start to 2009.(Editorial)
When the subprime mortgage meltdown started to be felt, many economists predicted that housing markets would stabilize in 2009 and begin to recover in 2010. Now, while most prognosticators are still hoping for that scenario to be realized, many are hedging their bets. An increasing number of experts believe that home values will not stabilize until at least late 2009 and perhaps not until 2010, and that means the mortgage servicing industry will continue to face heightened default pressure even as lenders try to clear real estate-owned off their books from the loans that have already landed in foreclosure.
Already, there are signs that the industry faces more tough sledding in 2009. The widely followed S&P/Case-Shiller home price index showed home values nationally fell 16% from the prior year in the third quarter of 2008. Likewise, Freddie Mac, based on its home-purchase-only data, estimated that home values fell 7.2% nationally during the third quarter from one year earlier. While that is more modest than the Case-Shiller data, it was still ...
- Freddie Mac expands FHA-VA guarantor program.
- Press release article from: PR Newswire April 11, 1986 700+ words
...which began in April 1983, Freddie Mac buys FHA/VA loans at least...year old in exchange for Freddie Mac FHA/VA PCs. This program, for newly originated loans, is an expansion of Freddie Mac's existing FHA/VA guarantor...
- FREDDIE MAC LAUNCHES INTERIM LOAN PROGRAM TO MAINTAIN HOUSING FUNDS
- Newspaper article from: The Journal Record SPECIAL TO THE JOURNAL RECORD April 15, 1986 700+ words
...which began in April 1983, Freddie Mac buys FHA/VA loans at least...year old in exchange for Freddie Mac FHA/VA PCs. This program, for newly originated loans, is an expansion of Freddie Mac's existing FHA/VA guarantor...
- Fannie Mae Catches Up to Freddie Mac in Serving the Thrift Industry.
- Magazine article from: National Mortgage News March 4, 2002 700+ words
Fannie Mae has closed the gap with Freddie Mac in terms of establishing business relationships...survey shows that Fannie Mae easily beat Freddie Mac when it came to the dollar volume of...113 respondent thrifts sold loans to Freddie Mac and 19% sold loans to Fannie Mac in...
- ePASS Market Penetration at Record Levels in First Quarter 2004; Ellie Mae...
- Press release article from: Business Wire April 7, 2004 700+ words
...wide. With ePASS technology, lenders can receive loans electronically from originators in any format -- Fannie Mae/Freddie Mac file format, PDF and XML. Loans can be transmitted through an auto-import link to the lender's wholesale Website or...
- Freddie Mac Endorses MPI's Mentor P&I Custodial Accounting Module.
- Press release article from: Business Wire August 24, 1998 700+ words
...technology solutions for the mortgage industry, today announced Freddie Mac's endorsement of its MENTOR(r) Freddie Mac P&I Custodial Accounting Module. According to Freddie Mac, the Freddie Mac P&I Custodial Accounting Module...
- Freddie Mac says Federal Home Loan Banks received $3 billion profit from stock.
- Press release article from: PR Newswire February 9, 1990 700+ words
FREDDIE MAC SAYS FHLBS RECEIVED $3 BILLION PROFIT...million investment in startup capital for Freddie Mac (NYSE: FRE), said Leland Brendsel...House and Senate Banking Committees. Freddie Mac's newly elected board of directors...
- Freddie Mac announces board action.
- Press release article from: PR Newswire March 9, 1990 700+ words
FREDDIE MAC ANNOUNCES BOARD ACTION RESTON, Va...PRNewswire/ -- The board of directors of Freddie Mac (NYSE: FRE) today declared a quarterly...president, as the new president of the Freddie Mac. Dividends will be payable on March...
- Freddie Mac Launches Reference REMIC(SM) Securities; Product Innovation...
- Press release article from: PR Newswire March 30, 2005 700+ words
...March 30 /PRNewswire-FirstCall/ -- Freddie Mac today announced the launch of Reference...multi-tiered dealer syndicate. "Freddie Mac is delighted to introduce Reference REMIC securities," said Patricia Cook, Freddie Mac executive vice president, investments...