Mortgage financing

FILE - This June 20, 2019, file photo shows an existing home is offered for sale in Rutledge, Ga. On Thursday, Dec. 12, Freddie Mac reports on this week's average U.S. mortgage rates. (AP Photo/John Bazemore, File)
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December 12, 2019 - 1:11 pm
WASHINGTON (AP) — U.S. long-term mortgage rates rose this week. Still, rates remain at historically low levels as a lure to prospective homebuyers. Mortgage buyer Freddie Mac says the average rate for a 30-year fixed-rate mortgage increased to 3.73% from 3.68% last week. The benchmark rate stood at...
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FILE - In this Sept. 25, 2019, file photo a sign indicates a new selling price for a house sits atop a realtor's sign in Jackson, Miss. On Thursday, Nov. 14, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Rogelio V. Solis, File)
November 14, 2019 - 1:37 pm
WASHINGTON (AP) — U.S. long-term mortgage rates rose this week amid optimism over prospects for the U.S. economy. Rates remain at historically low levels, however, as an incentive to prospective homebuyers. Mortgage giant Freddie Mac said Thursday the average rate for a 30-year fixed-rate mortgage...
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FILE - This Monday, Aug. 8, 2011, file photo shows the Fannie Mae headquarters in Washington. The Trump administration has unveiled its plan for ending government control of Fannie Mae and Freddie Mac, those are the two giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and were bailed out by taxpayers at a total cost of $187 billion, Thursday, Sept. 5, 2019. (AP Photo/Manuel Balce Ceneta, File)
September 05, 2019 - 7:17 pm
WASHINGTON (AP) — The Trump administration has unveiled its plan for ending government control of Fannie Mae and Freddie Mac, the two giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and were bailed out at a total cost to taxpayers of $187 billion. The...
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FILE - This April 13, 2019, file photo, shows rows of homes, in suburban Salt Lake City. On Thursday, June 6, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Rick Bowmer, File)
June 06, 2019 - 12:45 pm
WASHINGTON (AP) — U.S. long-term mortgage rates fell for the sixth consecutive week, with the key 30-year loan average running below 4% and at its lowest point since September 2017. The declining rates have been a boon to potential purchasers in the spring home buying season, and the number of...
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In this Thursday, Jan. 3, 2019, photo a realtor sign marks a home for sale in Franklin Park, Pa. On Thursday, Jan. 17, 2019, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Keith Srakocic)
January 17, 2019 - 12:03 pm
WASHINGTON (AP) — U.S. long-term mortgage rates held steady this week, after falling for six straight weeks to reach their lowest levels in nine months. Mortgage buyer Freddie Mac said Thursday the average rate on the benchmark 30-year, fixed-rate mortgage was unchanged from last week at 4.45...
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In this Wednesday, Nov. 28, 2018, photo, a realtor sign hangs in front of a home for sale in Pittsburgh. On Thursday, Nov. 29, Freddie Mac reports on the week's average U.S. mortgage rates. (AP Photo/Keith Srakocic)
November 29, 2018 - 11:56 am
WASHINGTON (AP) — U.S. long-term mortgage rates barely budged this week after marking the biggest drop in nearly four years a week earlier. Home borrowing rates remain much higher than they were a year ago. Mortgage giant Freddie Mac said Thursday the average rate on the benchmark 30-year, fixed-...
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A Southeastern Pennsylvania Transportation Authority bus (SEPTA) turns onto Market Street in Philadelphia, Wednesday, May 2, 2018. Lawyers for an investigative reporting organization are suing Philadelphia's main transit agency after it refused to run ads about the group's stories on racial disparities in mortgage lending. (AP Photo/Matt Rourke)
May 02, 2018 - 11:19 am
PHILADELPHIA (AP) — Lawyers for an investigative reporting organization are suing the Philadelphia region's main transit agency after it refused to run ads about the group's stories on racial disparities in mortgage lending. The American Civil Liberties Union, along with co-counsel representing the...
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FILE - This Aug. 11, 2017, file photo shows a sign at a Wells Fargo bank location in Philadelphia. The New York Times and other news outlets are reporting Thursday, April 19, 2018, that federal regulators plan to fine Wells Fargo as much as $1 billion as early as Friday for abuses tied to its auto lending and mortgage businesses. (AP Photo/Matt Rourke, File)
April 20, 2018 - 11:52 am
NEW YORK (AP) — Wells Fargo will pay $1 billion to federal regulators to settle charges tied to its mortgage and auto lending business, the latest chapter in years-long, wide-ranging scandal at the banking giant. However, it appears that none of the $1 billion will go directly to the victims of...
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FILE - This Aug. 11, 2017, file photo shows a sign at a Wells Fargo bank location in Philadelphia. The New York Times and other news outlets are reporting Thursday, April 19, 2018, that federal regulators plan to fine Wells Fargo as much as $1 billion as early as Friday for abuses tied to its auto lending and mortgage businesses. (AP Photo/Matt Rourke, File)
April 19, 2018 - 8:30 pm
NEW YORK (AP) — Federal regulators plan to fine Wells Fargo as much as $1 billion as early as Friday for abuses tied to its auto-lending and mortgage businesses, The New York Times and other news outlets reported, citing unnamed sources. The potential $1 billion fine would be largest ever imposed...
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FILE - In this March 6, 2018, file photo, Sen. Mike Crapo, R-Idaho, chairman of the Senate Banking Committee, joined by, Sen. John Thune, R-S.D., left, and Senate Majority Leader Mitch McConnell, R-Ky., right, talks to reporters as the Senate moves closer to passing legislation to roll back some of the safeguards Congress put in place to prevent a repeat of the 2008 financial crisis, at the Capitol in Washington. Burrowed within new Senate legislation to roll back restraints on banks is a break from data reporting requirements for lenders making certain levels of mortgage loans. (AP Photo/J. Scott Applewhite, File)
March 12, 2018 - 4:10 pm
WASHINGTON (AP) — Buried within new Senate legislation to roll back restraints on banks is a provision that would exempt an estimated 85 percent of all U.S. banks and credit unions from public reporting requirements, raising fears that discriminatory practices by lenders could go undetected. The...
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