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Retrieved 5 August 2011. ^ "First Annual Report of the Federal Home Loan Bank Board Covering Operations of the Federal Home Loan Banks, The Home Owners' Loan Corporation, and Federal Savings and Loan Promotion Activities from the Date of Their Creation through December 31, 1933". Federal Home Loan Bank Board. January 30, 1934.
The Federal Home Loan Bank Board (FHLBB) was a U.S. board created by the Federal Home Loan Bank Act in 1932 that governed the Federal Home Loan Banks (FHLB or FHLBanks), also created by the act; the Federal Savings and Loan Insurance Corporation (FSLIC); and nationally-chartered thrifts. [1] It was abolished and superseded by the Federal Housing Finance Board and the Office of Thrift ...
The Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, is a publicly traded, government-sponsored enterprise (GSE), headquartered in Tysons, Virginia. [ 3 ][ 4 ] The FHLMC was created in 1970 to expand the secondary market for mortgages in the US.
A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit markets. [1] The loan may be offered at the lender's standard variable rate/ base rate.
Interest Rates Are Falling: 1 Super Stock to Buy Hand Over Fist Right Now. According to the Federal Home Loan Mortgage Corp. (Freddie Mac), the U.S. 30-year fixed mortgage rate hit 7.79% in ...
The Federal Home Loan Bank Act, Pub. L. 72–304, 47 Stat. 725, enacted July 22, 1932, is a United States federal law passed under President Herbert Hoover in order to lower the cost of home ownership. [1] It established the Federal Home Loan Bank Board to charter and supervise federal savings and loan institutions.
See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news.
In California, for example, many home mortgage loans are indexed to the Federal Home Loan Bank of San Francisco. Interest rates on COFI loans and mortgages tend to fluctuate more slowly than variable-rate loans linked to other indexes. An index used to determine interest rate changes for some adjustable-rate mortgages.