"We wanted to help a larger swath of borrowers attain the American dream"
Cuts were necessary to keep its mortgage product competitive, the company said
The industry veteran moves up from a senior role in investor relations
The companies see opportunities in commercial lending, retail franchise, and wealth management
The firm will match the interest rate as soon as the borrower agrees
The second-quarter gain marks a 26% average return on the previous purchase price
Despite the lean inventory, Freddie Mac expects improvements in the housing market
Market reaction to the Fed’s announcement would determine next week’s rate, says economist