Hints and tips:
...(Even hearing the word “securitized” makes some investors run for the proverbial hills!) As a result, many investors may have significant underweight allocations to securitized assets. . . ....
...This was followed by similar deals by other US mortgage agencies such as Freddie Mac and Fannie Mae, to little fanfare....
...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...
...For example, the likes of Victoria Beckham and Jonah Hill have been spotted donning its red and white logo....
...We know there are some mixed feelings on [Capitol] Hill, but they should have an opportunity to come in [on the planning].”...
...According to Jon Hill, a rates strategist at BMO Capital Markets, the move suggested the central bank feared the makings of a much larger issue....
...They may sound like savvy friends, but they’re actually financial planning apps so named to foster trust in financial institutions — a practice that goes back to Fannie Mae in 1938....
...For instance Fannie Mae and Freddie Mac, which stand behind US residential mortgages, tend to require credit information from all three agencies before they sign off on a loan....
...The paperback at the end of their bookshelf: Can’t Wait to Get to Heaven by Fannie Flagg....
...Analysts express the greatest concern over suggestions that Trump might privatise Fannie Mae and Freddie Mac, the groups that back most mortgages in the $10tn US mortgage market....
...On the morning I meet Perl, on a blazingly hot day in June, he’d been up the hills behind his house in San Juan Capistrano with his white Labrador Ella....
...Better is now producing about $65m of loans a month through its online platform, flipping the loans on to about 20 investors including Fannie Mae, the government-backed mortgage company....
...The deal marks a departure from discord on Capitol Hill....
...(This, by the way, was the core insight of the “Capitol Hill Baby Sitting Co-op Crisis” made famous by Professor Krugman....
...Several fund managers, including Perry Capital and Fairholme Funds, have already challenged the legality of the Treasury’s amended bailout terms, prompting fury on Capitol Hill from several lawmakers....
...Fannie and Freddie’s near bankruptcy just a few weeks before Lehman’s collapse prompted a $187.5bn taxpayer bailout....
...The proposal received a chilly reception on Capitol Hill and at the US Treasury, which are working on other ways to wind down Fannie and Freddie and reform US housing finance....
...as lobbyists under rules tightened by the past two administrations; Newt Gingrich, the Republican former speaker of the House of Representatives, described himself as a “historian” when on the books of Fannie...
...But Mr Berkowitz said he had received requests for more information from some on Capitol Hill....
...Since then, his approach has significantly toughened, along with the ratcheting up of pressure on Capitol Hill....
...In the trial kicking off on Tuesday, the US needs to prove that Countrywide misled Fannie and Freddie when selling them the mortgages and that the fraud affected a financial institution....
...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....
...The scandal shone a light on the lavish pay packages of Fannie and Freddie’s chief executives and their power on Capitol Hill....
...The idea was met with a chilly response on Capitol Hill, and a positively frigid one at the Treasury, which wants Fannie and Freddie wound down entirely....
...The DoJ sued S&P, a unit of McGraw-Hill, earlier this year over its ratings on mortgage debt and in August Bank of America was sued for its mortgage sales practices....
International Edition