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Refinances in First Quarter Reduce Mortgage Payments by $2.5 Billion

According to Freddie Mac's newest quarterly Refinance Report, homeowners who refinanced their mortgages during first quarter 2009 saved about $160 a month on a $200,000 loan, which in aggregate adds up to approximately $2.5 billion in extra spending cash over the coming year.

How to Keep Your Home and Avoid Foreclosure

Ingrid Beckles, SVP of Default Asset Management, explains how borrowers can determine their eligibility for "Making Home Affordable" and alerts homeowners on how to avoid foreclosure rescue scams in a new video news release . Above all, Beckles says, contact your lender right away.

New Reverse REMIC Program to Provide Additional Liquidity to the Market

Freddie Mac announced a new Reverse REMIC Giant PC security designed to provide an additional dimension of liquidity to the U.S. residential mortgage market and a new investment vehicle for investors.