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Freddie Mac

Freddie Mac seeks $500 mln more from US taxpayers

Mortgage finance giant Freddie Mac (FMCC.OB) on Thursday asked for an additional $500 million in taxpayer aid after reporting its sixth straight quarterly loss.

Contract Talks Begin for 30,000 New York City Apartment Building Workers

NEW YORK, March 9 /PRNewswire-USNewswire/ -- Negotiations for a new, multi-year contract began today between the Realty Advisory Board (RAB), an industry association representing most building owners in New York City and 32BJ SEIU, the largest private sector union in New York. The contract covers 30,000 doormen, superintendents, resident managers, handymen, concierges and porters working at apartment buildings throughout Manhattan, Brooklyn, Queens and Staten Island.

NY Fed To Buy Fannie, Freddie Securities To Hold Down Mortgage Rates

The New York Federal Reserve bought $1.5 billion of mortgage-back securities, something that is supposed to end by late March. The statement reveals that a total of $170.631 billion has now been spent on similar bail-out ventures. The goal is to keep the mortgage rates lower and help the economy.

Freddie Mac Modifies Relief Refinance Mortgage(SM)

In a move aimed at furthering the success of President Obama’s Making Home Affordable Program, Freddie Mac (NYSE: FRE) today announced several changes to its refinance offering under the program. Freddie Mac’s Relief Refinance Mortgage is designed to assist borrowers who are current on their mortgage payments but who would benefit from refinancing into mortgages with terms that better position them for long-term homeownership.

Freddie Mac Official Dead in Apparent Suicide

Tom Jackman and Zachary Goldfarb The Washington Post 04/22/2009
Freddie Mac Official Dead in Apparent Suicide

The acting chief financial officer of troubled mortgage giant Freddie Mac was found dead in his Vienna home early this morning after apparently committing suicide, Fairfax police said.

Freddie Mac sees U.S. mortgage rates near bottom

The head of mortgage finance company Freddie Mac (FRE.P) said on Friday that U.S. home loan rates are near their bottom and any further decreases will be small.

 
Fannie, Freddie Affordable-Housing Goals to Be Cut

Fannie Mae and Freddie Mac’s 2008 affordable-housing goals mandated by the government were “infeasible” and will need to “come down a bit” in 2009, the regulator for the mortgage-finance companies said.