Hints and tips:
...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...
...That includes buying up to $600bn of mortgage bonds of government-sponsored housing enterprises such as Fannie Mae and Freddie Mac, and lending up to $200bn to holders of AAA-rated securities backed by auto...
...About half the time, that financial institution is one of the so-called government “agencies,” Fannie Mae and Freddie Mac....
...The Federal National Mortgage Association, or Fannie Mae, an institution founded as part of Franklin D Roosevelt’s New Deal of the 1930s, provided more than $200m in financing in 2018 to help private equity...
...Fannie Mae and Freddie Mac, the government-backed mortgage agencies, first accepted them for purchase more than a decade ago....
...A brief history of Fannie Mae & Freddie Mac For decades, Fannie Mae and Freddie Mac have helped Americans secure cheaper mortgages....
...In a parallel with the American obsession with home ownership that led to the formation of Fannie Mae and Freddie Mac, the federal housing finance agencies, the Chinese government has in the past few decades...
...Granted, standards in nonprime are generally looser than those that apply to mortgages eligible to be bought by government agencies such as Fannie Mae....
...Matthew Tucker, a fixed-income strategist at BlackRock, says the new ETF “is suitable” for retail investors as it avoids the low-quality subprime mortgages that exploded in 2007 and 2008....
...Other provisions end the tax-free status of spin-offs involving real estate investment trusts, or Reits, and restrict until 2018 the Treasury department’s sale of preferred stock in Fannie Mae and Freddie...
...That raises risks for the FHA, an 81-year-old agency which insures lenders against losses on certain classes of mortgage, as well as for Fannie and Freddie....
...Thousands of toxic loans were then sold to Fannie Mae and Freddie Mac, the government-backed mortgage companies, and later defaulted, the DoJ’s lawsuit claimed....
...One reason for the miss, aside from continued overoptimism about the popularity of TALF, was that holdings of mortgage-backed securities issued by Fannie Mae and Freddie grew much less than forecast....
...Private-label mortgage securitisations are where home loans are packaged into bonds that are sold to big investors without the backing of government-guaranteed mortgage giants, such as Fannie Mae or Freddie...
...Bank of America was ordered to pay $1.3bn by a judge on Wednesday for a “brazen fraud” in which bank staff sold toxic mortgages to Fannie Mae and Freddie Mac, the government-backed mortgage companies....
...Some free market proponents are on the same side as civil rights groups, such as the National Association for the Advancement of Colored People and the National Council of La Raza, in opposing the bill....
...When leaders of the Senate Banking Committee released a plan on Tuesday that would eventually eliminate Fannie Mae and Freddie Mac, common shares in the US mortgage finance companies that needed a $188bn...
...So US politicians pondering the future of their own mortgage agencies, Fannie Mae and Freddie Mac, should perhaps keep an eye out for emails from Nigeria officials seeking assistance....
...Housing finance reform has been one area in which Republicans and Democrats have been able to work together, raising hopes that a deal on the future of Fannie Mae and Freddie Mac may be possible, even if...
...David Crowe, chief economist at the National Association of Home Builders, echoed Mr Costello....
..., the chief economist of Fannie Mae has warned....
...In 2008, as delinquencies and defaults mounted in the US housing market, Fannie Mae and Freddie Mac needed capital....
...(Financial Times) “”Fairholme Capital Management said Wednesday it would like to buy parts of bailed-out mortgage-finance giants Fannie Mae and Freddie Mac from the government in a recapitalization valued...
...With national home prices up 12 per cent year-on-year, Fannie no longer has to set aside so much money to cover potential losses on the mortgage securities it guarantees....
...After deliberating for only a few hours, the jury found BofA’s Countrywide Financial unit liable of civil fraud for defrauding Fannie Mae and Freddie Mac....
International Edition