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Freddie Mac/Fannie Mae Business as Usual
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You're Now Reading:
Freddie Mac/Fannie Mae Business as Usual
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Freddie Mac/Fannie Mae Business as Usual
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

March 4, 2011 (Shirley Allen)
mortgage-were-open-image
Someone forgot to tell government mortgage giants Freddie Mac and Fannie Mae that they are suppose to be going out of business because the latest monthly figures show that both GSE’s continued to back new mortgages in January at about the same rate as last year.

Freddie Mac reported that it backed nearly $38.9 billion in new loans in January, up from $36.6 billion in January 2010, but down considerable from $49.7 billion in December 2010. Fannie Mae reported a slight decrease in portfolio commitments on a year-to-year basis, to $51.7 billion new loans, down from $53.6 billion in January 2010.

Freddie Mac’s overall mortgage portfolio shrank by 7.3 percent in January which is close to the 10 percent annual rate that has been targeted for winding down the two government lenders, but over the last 12 months, the portfolio has only shrunk 4.3 percent.

By comparison, Fannie Mae showed a 1.1 percent reduction in its portfolio in January compared to December and a decline of only 0.2 percent over the last 12 months.

The Obama Administration and Congress plan on closing down the two lenders due to severe losses in sub-prime mortgages suffered after the housing bubble burst. Both were acquired by the government to prevent their collapse at great cost to taxpayers.

Mortgage delinquencies for both lenders have shown steady declines over the past year with Freddie Mac reporting that 3.82 percent of its outstanding loans were delinquent in January, down from 4.12 percent a year earlier, and Fannie Mae reports that 4.48 percent of its loans were delinquent in December, down from 5.38 percent in December of 2009.

Tags: Freddie Mac, Fannie Mae, new mortgages, new loans, portfolio, government lenders, housing bubble, delinquencies

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

March 4, 2011 (Shirley Allen)
mortgage-were-open-image
Someone forgot to tell government mortgage giants Freddie Mac and Fannie Mae that they are suppose to be going out of business because the latest monthly figures show that both GSE’s continued to back new mortgages in January at about the same rate as last year.

Freddie Mac reported that it backed nearly $38.9 billion in new loans in January, up from $36.6 billion in January 2010, but down considerable from $49.7 billion in December 2010. Fannie Mae reported a slight decrease in portfolio commitments on a year-to-year basis, to $51.7 billion new loans, down from $53.6 billion in January 2010.

Freddie Mac’s overall mortgage portfolio shrank by 7.3 percent in January which is close to the 10 percent annual rate that has been targeted for winding down the two government lenders, but over the last 12 months, the portfolio has only shrunk 4.3 percent.

By comparison, Fannie Mae showed a 1.1 percent reduction in its portfolio in January compared to December and a decline of only 0.2 percent over the last 12 months.

The Obama Administration and Congress plan on closing down the two lenders due to severe losses in sub-prime mortgages suffered after the housing bubble burst. Both were acquired by the government to prevent their collapse at great cost to taxpayers.

Mortgage delinquencies for both lenders have shown steady declines over the past year with Freddie Mac reporting that 3.82 percent of its outstanding loans were delinquent in January, down from 4.12 percent a year earlier, and Fannie Mae reports that 4.48 percent of its loans were delinquent in December, down from 5.38 percent in December of 2009.

Tags: Freddie Mac, Fannie Mae, new mortgages, new loans, portfolio, government lenders, housing bubble, delinquencies

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

March 4, 2011 (Shirley Allen)
mortgage-were-open-image
Someone forgot to tell government mortgage giants Freddie Mac and Fannie Mae that they are suppose to be going out of business because the latest monthly figures show that both GSE’s continued to back new mortgages in January at about the same rate as last year.

Freddie Mac reported that it backed nearly $38.9 billion in new loans in January, up from $36.6 billion in January 2010, but down considerable from $49.7 billion in December 2010. Fannie Mae reported a slight decrease in portfolio commitments on a year-to-year basis, to $51.7 billion new loans, down from $53.6 billion in January 2010.

Freddie Mac’s overall mortgage portfolio shrank by 7.3 percent in January which is close to the 10 percent annual rate that has been targeted for winding down the two government lenders, but over the last 12 months, the portfolio has only shrunk 4.3 percent.

By comparison, Fannie Mae showed a 1.1 percent reduction in its portfolio in January compared to December and a decline of only 0.2 percent over the last 12 months.

The Obama Administration and Congress plan on closing down the two lenders due to severe losses in sub-prime mortgages suffered after the housing bubble burst. Both were acquired by the government to prevent their collapse at great cost to taxpayers.

Mortgage delinquencies for both lenders have shown steady declines over the past year with Freddie Mac reporting that 3.82 percent of its outstanding loans were delinquent in January, down from 4.12 percent a year earlier, and Fannie Mae reports that 4.48 percent of its loans were delinquent in December, down from 5.38 percent in December of 2009.

Tags: Freddie Mac, Fannie Mae, new mortgages, new loans, portfolio, government lenders, housing bubble, delinquencies

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.