Freddie Archive

New Credit Models Could Help, Someday

The Fair Isaac Corporation recently introduced a new scoring model. The model could help to expand credit to first-time and minority groups. But there is a problem: Fannie Mae and Freddie Mac, who support the majority of the mortgage...

Latest Mortgage Purchase Applications

  The number of people applying for mortgages for a home purchase fell in the latest week by 3 percent from the prior week. From a year ago, activity is down by 12 percent. A negative hit to housing...

Current Lending Patterns Don’t Reflect Performance

The delinquency rate measured 12 months after origination has improved dramatically on mortgages backed by Fannie Mae and Freddie Mac. According to the FHFA’s first quarter report on the enterprises, the 12-month delinquency rate is now back to 2002...

Generational Low Mortgages

We all know about the current historic low mortgage rates.  Today’s report from Freddie Mac survey indicated a 3.55 percent average on a 30-year fixed rate mortgage.  Sometimes it is worth reviewing past data, particularly for the younger generation,...

Tight Credit and Slow Lending Continue to be a Problem

One of the most frequent comments by Realtors® responding to the latest RCI survey was a concern over unreasonably tight credit conditions, as discussed in the June 2012 edition of the Realtors® Confidence Index.   Respondents indicated that credit conditions...