Freddie Volume Better, Delinquency Worse
Secondary purchases continued to improve at Freddie Mac, but residential delinquency continued to deteriorate.

Second-quarter purchases and issuances totaled $162.0 billion, according to a monthly summary of business operations released today.

Volume increased from $134.4 billion in the first quarter and $149.4 billion during the second quarter 2007.
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FHLB Activity Holds
Earnings at the Federal Home Loan Banks held up as assets climbed.

Fannie, Freddie Get Emergency Help
The Bush administration acted over the weekend to prop up confidence in Fannie Mae and Freddie Mac.

Fannie, Freddie Shares Stabilize
Shares of Fannie Mae and Freddie Mac stabilized following comments from Sen. Christopher Dodd and reports that they may be able to turn to the Federal Reserve for financing.

GSE Shares Continue Spiral
As shares of Fannie Mae and Freddie Mac continue to disintegrate, the Bush administration is trying to dispel rumors that a government bailout of the two mortgage giants is imminent.

GSEs Overshadow Mortgage Sector
As the mortgage sector grapples with stormy financial markets, all eyes are on Fannie Mae and Freddie Mac -- which saw their shares traded at their lowest levels in more than 15 years. Meanwhile, a bank executive is retiring, a secondary lender has a new chief and a mortgage banking cooperative is growing.

Wells Cuts LTVs
Wells Fargo Home Mortgage units have cut loan-to-values and tightened other guidelines on wholesale conforming and home-equity loans.

MBS Volume Spirals
Led by a 93 percent decline in residential mortgage-backed securities volume, mortgage loan securitizations have tumbled so far this year. Agency issuance was off 46 percent.

Fannie Tightens Guidelines on Prior Foreclosures, Bankruptcies
Fannie Mae has notified its sellers about tougher requirements for borrowers with prior bankruptcies or foreclosures. The company has also tightened its policies for borrowers who purchase a new residence and convert their existing residence to a second home or investor property.

Freddie Purchases Soar
Secondary mortgage volume climbed to the highest level in almost five years at Freddie Mac. But delinquency reached a four-year high.