Hints and tips:
...If Fannie Mae and Ginnie Mac follow Freddie Mac’s lead into buying second mortgages, we estimate the secondary home equity loan market could exceed $3tn....
...Trump appointed Mark Calabria as the head of the Federal Housing Finance Agency [the Fannie and Freddie umbrella organisation]....
...Fannie, and its sister mortgage agency, Freddie Mac, had issued CLN-type bonds on about $1.7tn of mortgages....
...The key political message being that Labour will inherit “a big, awful hole, and that it needs two terms (aka ‘a decade of national renewal’) to fix it”....
...In 1970, the US Government National Mortgage Association (known as Ginnie Mae) engineered the first “passthrough” mortgage-backed securities, where the underlying individual loan payments flowed directly...
...Forecasts are all over the map — KPMG is calling for a 20 per cent fall, and Goldman Sachs for a 7.5 per cent drop, while the Mortgage Bankers Association and the National Association of Realtors think prices...
...agencies Fannie Mae and Freddie Mac will rise to $970,800 in 2022....
...In the US, that cheerleader of free markets, the mortgage sector only functions as it does thanks to a long tradition of federal support through funding providers Fannie Mae and Freddie Mac....
...The Supreme Court justices rejected the claim that the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, had exceeded its authority under federal law by engaging in a “profit sweep...
...One important but overlooked detail of the report is that the White House wants financiers handling single-family mortgages, including federal lenders Fannie Mae and Freddie Mac, to factor in climate risk...
...Fannie Mae, the federal housing association that guarantees some mortgages, argues that unlike during the 2000s prices will feed into rents and, eventually, general inflation....
...US Supreme Court deals blow to Fannie and Freddie shareholders Shares in Fannie Mae and Freddie Mac plunged by more than a third yesterday after the Supreme Court threw out investors’ claims that the US...
...They have been in discussions about the terms of an amendment to the preferred stock purchase agreement (PSPA), which covers the government’s controlling investment in Fannie Mae and Freddie Mac, the two...
...The current average rate for a 30-year fixed-rate mortgage is now under 2.7 per cent, according to Fannie Mae, a full percentage point lower than a year ago....
...The Trump administration attempted to kick-start plans for the privatisation of Fannie Mae and Freddie Mac, the US mortgage finance giants bailed out by the taxpayer in 2008, saying they would need to raise...
...Widespread mortgage defaults across apartment building owners would mean investors in the bonds would receive 100 cents on the dollar from Fannie Mae....
...Fannie Mae and Freddie Mac, the US government-backed mortgage agencies, will provide a limited measure of relief for mortgage servicers, which are coming under pressure as borrowers miss payments....
...market, respectively, according to the Mortgage Bankers Association....
...Total assets of federally supported housing finance entities Fannie Mae ($3.5tn), Freddie Mac ($2.2tn) and Ginnie Mae ($2tn) are close to the total government debt of France, Germany and Italy....
...The National Association of Home Builders’ housing market index climbed to 72 in July from 58 the previous month....
...Fannie and Freddie guarantee payments on more than $5tn of US mortgages....
...Most lenders sell the loans they originate on to the government-backed agencies Freddie Mack and Fannie Mae, who insure them and sell them on to bondholders....
...Fannie Mae and Freddie Mac, the government-controlled companies that guarantee nearly half of US mortgages, could require their second bailout in just over a decade if the US economy remains in a lockdown...
...About half the time, that financial institution is one of the so-called government “agencies,” Fannie Mae and Freddie Mac....
...The costs to consumers are increasing because of logjam in the $7.5tn market for mortgage-backed securities (MBS), where most US home loans are bundled into securities guaranteed by Fannie Mae and Freddie...
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