Fannie Mae’s recently released Monthly Summary reports that serious loan delinquencies decreased slightly in January. A single family home mortgage loan classified as “seriously delinquent” is three or more months past due or in the process of foreclosure. A multifamily mortgage loan is considered seriously delinquent when payments are 60 days or more past due. […]
Freddie Mac Stock Jumps On Earnings – What’s Next For Shareholders?
March 2, 2013 By Leave a Comment
Freddie Mac (FMCC), the government sponsored agency that backs mortgage loans for millions of American home buyers reported all time record annual profit of $11 billion for 2012. Freddie Mac has been in the black now for five consecutive quarters as the housing market improves and loan delinquencies decrease. Freddie Mac has been operating under […]