Hints and tips:
...The government created Freddie Mac, Ginnie Mae, mortgage-backed securities, modified mortgages and subsidised rates for homeowners. It was a 1 per cent mortgage era....
...ICE obtained control of mortgage data repository MERS in 2016 and bought loan origination platform Ellie Mae for $11bn in 2020....
...The next move is up to Treasury secretary Steven Mnuchin and Mark Calabria, who heads the Federal Housing Finance Agency, the housing regulator....
...This week Steven Mnuchin, the Treasury secretary, said a report on the issue of mortgage servicer liquidity could be released as early as Monday....
...In the US, federal guarantees apply to more than $1.9tn of loans behind Ginnie Mae mortgage-backed securities....
...The four-month limit will only provide new relief to servicers of loans backed by Fannie Mae, the larger of the two....
...For the moment, Calabria has the support of Treasury secretary Steven Mnuchin....
...Last year, Steven Mnuchin, the Treasury secretary, suspended the rule under which the two entities had to hand over the bulk of their profits to the Treasury each year....
...Steven Mnuchin, the US Treasury secretary, said last week that fixing this problem was a priority, calling together a task force to present solutions to the Financial Stability Oversight Council by March...
...The GSE equity investors’ persistence seemed irrational, until Donald Trump’s election and Steven Mnuchin’s appointment as Treasury secretary....
...About half the time, that financial institution is one of the so-called government “agencies,” Fannie Mae and Freddie Mac....
...Steven Mnuchin, the US Treasury secretary, announced on Monday that the administration had decided to let Fannie Mae keep $25bn in capital, while Freddie Mac would be able to keep $20bn, up from the current...
...“Fannie Mae and Freddie Mac contributed to the housing bubble and subsequent crash and are too big to fail,” he said....
...“We expect in the near term we’ll have an agreement where we will allow both Fannie Mae and Freddie Mac to retain their earnings,” he said....
...UK Labour MPs appear set to reject Boris Johnson’s push for a snap election and US Treasury secretary Steven Mnuchin moves to return Fannie Mae and Freddie Mac to private ownership....
...Most Republicans, particularly Treasury Secretary Steven Mnuchin, believe the GSEs’ “conservatorship” is unnatural....
...Steven Mnuchin, the Treasury secretary, is working on a set of proposals that he hopes will end the 10-year government control of Freddie Mac and Fannie Mae, which guarantee most of the mortgages in the...
...In December, Steven Mnuchin, the Treasury Secretary, told Bloomberg he wanted to remove the two enterprises from conservatorship....
...President Donald Trump on Wednesday issued a long-awaited memo calling for reform of Fannie Mae and Freddie Mac, but stepped back from suggestions his administration could push through wholesale changes...
...It cited recent developments including comments made by Treasury Secretary Steven Mnuchin and new leadership at FHFA. Mr Ackman has been invested in Fannie and Freddie for nearly five years....
...Steven Mnuchin, Treasury secretary, has repeatedly said that a shake-up is on the Trump administration’s agenda....
...During the financial crisis Fannie Mae and Freddie Mac, ostensibly private US mortgage insurers, were bailed out by the US to the tune of $200bn....
...Steven Mnuchin, Treasury secretary, indicated that wider-ranging changes were still on the cards, saying that “comprehensive housing finance reform” was “a top priority in the year ahead”....
...What should be done with Fannie Mae and Freddie Mac? Share your thoughts in the comments below....
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