Freddie Mac and Fannie Mae

New York, January 24 -- It might be the end of America’s known mortgage houses Fannie Mae and Freddie Mac. Barney Frank, chairman of the House Financial Services Committee (House Banking Committee), said Friday that the two finance giants are likely be replaced with a new system for housing finance.

Washington, November 6 -- According to a closely watched survey by U.S. mortgage finance company, Freddie Mac, mortgage rates fell below 5 percent for the first time in three weeks.

Washington -- A lack of jumbo loans for top-priced homes is putting downward price pressure on the general U.S. housing market, a national housing expert said.