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Former Deloitte Executive Kenny M. Smith Named CEO at Freddie Mac

Former Deloitte Executive Kenny M. Smith Named CEO at Freddie Mac

by Phil Hall | Dec 17, 2025 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Freddie Mac (OTCQB: FMCC) announced the appointment of Kenny M. Smith as CEO, effective today. He also will serve as a member of the company’s board of directors. The previous CEO, Biden-appointee Diane Reid, was fired in March by Bill Pulte, the Federal Housing...
Mortgage Rates Tick Up Slightly

Mortgage Rates Tick Up Slightly

by Phil Hall | Dec 11, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates ticked up slightly in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.22% as of Dec. 11, up from last week when it averaged 6.19%. A year ago at this time, it averaged 6.60%....
Mortgage Rates Drop for Second Straight Week

Mortgage Rates Drop for Second Straight Week

by Phil Hall | Dec 4, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates declined for the second straight week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate averaged 6.19% as of Dec. 4, down from last week when it averaged 6.23%. A year ago at this time, it...
FHFA Gives Green Light for Use of FICO 10T Score Data

FHFA Gives Green Light for Use of FICO 10T Score Data

by Phil Hall | Dec 2, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

FICO (NYSE: FICO) announced it has reached an agreement with the Federal Housing Finance Agency (FHFA) for the release of the FICO Score 10T data to the government-sponsored enterprises Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC). FICO said the three credit...
Mortgage Rates Decline Ahead of Thanksgiving

Mortgage Rates Decline Ahead of Thanksgiving

by Phil Hall | Nov 26, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Mortgage rates dived ahead of the Thanksgiving holiday, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate averaged 6.23% as of Nov. 26, down from last week when it averaged 6.26%. A year ago at this...
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