The Latest Breaking News from Freddie

Former officials and experts say Bill Pulte’s request for inquiry into Fed governor’s alleged fraud is ‘unusual’

The U.S. government's effort to privatize Fannie Mae and Freddie Mac through a $30 billion IPO has prompted the Federal Housing Finance Agency to rehire employees it laid off earlier this year.

Economist Peter Schiff is warning that President Donald Trump’s plans for a unified listing of the Federal National Mortgage Association (OTC:FNMA) or Fannie Mae and Federal Home Loan Mortgage Corp. (OTC:FMCC) or Freddie Mac could create economic risks far greater than those that led to the 2008 Financial Crisis.

Economist Peter Schiff is sounding the alarm on a potential merger of mortgage finance giants, the Federal National Mortgage Association (OTC:FNMA) or Fannie Mae, and the Federal Home Loan Mortgage Corp (OTC:FMCC), popularly known as Freddie Mac.

President Donald Trump hinted at the possibility of merging government-sponsored enterprises Fannie Mae and Freddie Mac and trading them under the name “MAGA.” 

Mortgage giants Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) may be on the path out of government conservatorship, as a new report builds on earlier signals from President Donald Trump about plans to return the firms to public ownership.

The average rate on a 30-year U.S. mortgage ticked down to 6.72% this week, returning to its level from three weeks ago and offering only modest relief to buyers squeezed by record prices and high borrowing costs, Freddie Mac said. The 15-year fixed rate also eased to 5.85%.

Rent and light-bill history could soon help millions secure a mortgage. The Federal Housing Finance Agency (FHFA) has told Fannie Mae and Freddie Mac they may now accept VantageScore 4.0, a credit model that counts on-time rent and utility payments, alongside the long-dominant FICO score.

Two stocks are taking the lion's share of gains in the "Trump Bump." Investors hope these financial crisis remnants can return to pre-2008 form.

Bill Pulte, the Director of the Federal Housing Finance Agency, who also serves as the chairman of Fannie Mae and Freddie Mac, stated that deep state influence is actively impacting the housing ecosystem in an interview with former congressman Matt Gaetz.

In a landmark decision, Federal Housing Finance Agency Director William Pulte announced plans to consider cryptocurrency as a mortgage asset on Wednesday, aligning with President Donald Trump’s vision of making the U.S. a global crypto hub.