Freddie Mac, Mortgage | featured news

The U.S. government's role in housing finance should undergo "fundamental change," but it should still provide some guarantees in the mortgage market, Treasury Secretary Timothy Geithner said on Tuesday.

House lawmakers hold their first hearing about how to restructure the mortgage system.

Until now, officials have signaled to the market that lending the mortgage giants money is just about as safe as lending to U.S. government itself.

Mortgage rates generally fell again this week, with the average rate on 30-year fixed-rate mortgages reaching the lowest level in at least 38 years, according to Freddie Mac's weekly survey.

Freddie Mac's losses narrowed to $6.3 billion in the third quarter, but the government-controlled mortgage finance company didn't ...

Rates can fall to 2%--if you know how to play the game.

Freddie Mac reported a surprising profit in the second quarter, but the profit turned to a loss for shareholders after the company paid the U.S. government a $1.1 billion dividend.

The Obama administration launched a broad government effort this week to overhaul mortgage giants Fannie Mae and Freddie Mac and is considering splitting the companies and putting their troubled assets in a new federally backed corporation, administration officials said.

Mortgage rates fell this week, with the average rate on 15-year fixed-rate mortgages dropping back below 5%, according to Freddie Mac's (FRE) weekly survey of mortgage rates released Thursday.

The resignation comes amid rising losses and unresolved questions about the mortgage giant's path. The government-appointed chief executive of McLean, Va.-based Freddie Mac said Monday that he was resigning from the mortgage-finance giant, less than six months into the job.