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Why Would The Failure (or Need For Government Support) By Fannie Or Freddie Cause Mortgage Rates To Rise?

Question by nomethinks | Posted in Investing

How does that correlation toil?

How do mortgage rates respond to the circumstances of Fannie and Freddie?

Answer: There is a chance correlation. The more and bigger failures there are, the higher rates will go. The higher rates work for to help pay the off the bad debts from all the other bad loans.

 
 

Does My Mortgage Have To Be Backed My Freddie Mac To Qualify For Lower Refinance Rates?

Question by Chris W | Posted in Renting & Real Estate

I have a mortgage from Bank of America. Can I refinance with the new GOVT asst rates if my mortgage is not a freddie or fannie mortgage?

 
 

How Do I Know If My Mortgage Is Securitized By Freddie Or Fannie?

Question by threecats | Posted in Personal Finance

I be versed my mortgage is serviced through Countrywide and the second through Wells Fargo. Could they still under any circumstances be securitized by Freddie or Fannie?

Answer: Call your mortgage partnership and ask them....they'll tell you.

 
 

How Is Freddie Mac Different As A Mortgage Lender Than Traditional Lenders?

Question by binaryalgorithm | Posted in Personal Finance

I see that Freddie Mac is a direction-sponsored mortgage lender and promotes safe and responsible borrowing. Has anyone had experiences with them? Would I be more probably to be able to qualify for a house with them? Are there certain reasons for choosing

Answer: Freddie Mac does not give you a mortgage promptly as a "traditional lender" does. Rather than, Freddie Mac buys the mortgages that you get from traditional lender, who processes your request and gives you the mortgage. You cannot apply for

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Fannie Mae And Freddie Mac Mortgage Owners: Did You Realize The Government Owns Your Home?

Question by Jack | Posted in Politics

The control owns 1/4th of the mortgages in the country. It began as a way to assistant "the poor" get homes and somehow ballooned into the administration controlling 1/4th of the mortgages.

Since the government owns your domicile,

Answer: Contrite, but you are incorrect.

First, the government does not own Freddie and Fannie. Those are independent corporations that have guaranteed succour by the government...there is a big difference.

Second, Freddie and Fannie

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Freddie Mortgage Portfolio Shrinks in May after Delinquency Buy ...

by DIANA GOLOBAY

Mortgage purchases and issuance at command-sponsored spirit (GSE) Freddie Mac ( FRE : 0.413 0.00% ) floor to as good as $25.2bn, from $26.1bn in April — bringing the year-to-companion whole to $148.1bn so far in 2010.

Refinance-advance acquiring and undertaking mass at Freddie prostrate to $17.1bn in May, from $18.4bn in April , according to a monthly aggregate distillate ( download here ). The aggregate owing premiere danseuse equilibrium of the GSE's mortgage-common investments knock by $9.2bn.

Additionally, the complete guaranteed Participation Certificates (PCs) and structured securities issued mow down at a 5.2% annualized estimate in May.

The GSE's whole mortgage portfolio decreased at an annualized at all events of 4%, reversing the 3% flowering in April. The monthly contraction in the portfolio arrives after Freddie wrapped up an lead announced in February to realize essentially all the cull-m mortgages hooligan by 120 or more days out of its PC pools.

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