Fannie Mae
30-year rates hit record lowPosted by RJ and Makay on May 03, 2012 |
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Lenders are offering 30-year mortgage loans at an average of 3.84%, a record low, according to Freddie Mac’s weekly survey. The rate beats last week’s rate of 3.88% and is slightly better than the previous record low of 3.87% in February. The current rates have greatly improved since 2008, when the 30-year averaged more than 6%, and 2009, when the typical rate stayed above 5%.
Recession 50/50: Fannie MaePosted by RJ and Makay on Aug 22, 2011 |
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Fannie Mae has issued analyses this week that reports a 50% chance of a double dip recession. The firm’s Economics and Mortgage Market Analysis Group predicts that total 2011 U.S. economic growth will come in around 1.4%, down from 3.1% in 2010. Looking further ahead, the company sees 2012 economic growth at only 2%, well off its original 2012 forecast of 3.1% made last month.
House financial committee is on alert for Dodd-Frank problemsPosted by RJ and Makay on Feb 01, 2011 |
In case any unforeseen issues arise with the new Dodd-Frank financial reform legislation, the House Financial Services Committee stands ready to “identify and remedy” those issues.
It made that pledge recently in a 20-page draft of a strategic plan circulated to committee members and staff. The committee plans to focus in particular on the proper implementation of new rules governing proprietary trading and derivatives, the draft says.
Larry Bossidy
