Hints and tips:
...Last month, the government-sponsored mortgage finance agency Freddie Mac filed a proposal with its regulator, the Federal Housing Finance Agency, to enter into the secondary mortgage market, otherwise known...
...Bove: I’d been following Fannie and Freddie since I started as an analyst, both as a housing analyst and as a banking analyst....
...Fannie, and its sister mortgage agency, Freddie Mac, had issued CLN-type bonds on about $1.7tn of mortgages....
...About 20 years ago, the US produced about 7mn barrels of petroleum and consumed 21mn a day. Now, the country produces almost 20mn b/d, roughly in line with consumption....
...In January, the annualised rate of second-hand home sales hit 4mn, 38 per cent lower than in January 2022, according to the National Association of Realtors....
...Mae Q3, Samsung Electronics Q3, JetBlue Q3, Stellantis Q3 Wednesday Italy, Fabio Panetta becomes governor of the country’s central bank, the Banca d’Italia, succeeding Ignazio Visco UK, Sarah Breeden...
...The income needed to buy the average-priced starter home of $346,000, with a 10 per cent deposit, has more than doubled since 2020, to a little over $103,000, according to the National Association of Realtors...
...After the run on SVB, banks will probably need to reduce their holdings of mortgage-backed securities that are guaranteed by the likes of Fannie Mae and Freddie Mac....
...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...
...L-I-B-O-R. Harriet Clarfelt As the acronym kind of suggests, it started off in the UK. So it started the 1980s with the British Bankers’ Association....
...agencies Fannie Mae and Freddie Mac will rise to $970,800 in 2022....
...One thing to start: The Phoenix Suns are on track to set a record price for the sale of a National Basketball Association franchise, with mortgage lending billionaire Mat Ishbia nearing a $4bn deal to acquire...
...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...
...D and G....
...After the decision, the National Association of Evangelicals released a statement: “We reaffirm, as evangelicals united, our position that the moral issue of abortion is more than a question of the freedom...
...US output sits at about 11.6mn b/d, well below its pre-Covid highs of nearly 13m b/d....
...Halifax offers all types of mortgage borrower £250 cashback if buying a home with an A or B rating....
...Needham and D. Hotson. Charlie Bean: Few downturns are exactly alike....
...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...
...National Association for the Advancement of Colored People in San Francisco....
...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...
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