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...The interest rate risk on US Treasuries is similar for both the Fannie Mae 3 and the Fannie Mae 6. What must be the difference? The call component — it’s highly priced. Six points!...
...Email us: robert.Armstrong@ft.com and ethan.wu@ft.com....
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com. Where to find deals in US CRE As the great commercial real estate valuation reset rolls on, the ominous headlines keep coming....
...This was followed by similar deals by other US mortgage agencies such as Freddie Mac and Fannie Mae, to little fanfare....
...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....
...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....
...Doug Duncan, chief economist at Freddie Mac’s sister company, Fannie Mae, said that given the big drop in US Treasury yields, mortgage rates had more room to fall....
...The four-month limit will only provide new relief to servicers of loans backed by Fannie Mae, the larger of the two....
...About 300,000 borrowers had asked for forbearance on loans backed by Fannie and Freddie as of April 1, Mr Calabria said....
...The 50-year-old lawyer — whose career includes roles at OneWest Bank and Fannie Mae as well as, most recently, as chief legal officer at the cryptocurrency exchange Coinbase — was appointed acting head of...
...Furthermore, when Fannie and Freddie buy loans that are in forbearance, they are taking discounts of up to 7 per cent....
...Michael Roberts, a longstanding Citigroup executive, was drafted in as US chief executive in October 2019 to lead the drive....
...Fannie and Freddie guarantee payments on more than $5tn of US mortgages....
...About half the time, that financial institution is one of the so-called government “agencies,” Fannie Mae and Freddie Mac....
...Additional reporting by Robert Armstrong *This article has been amended to correct Bill Emerson’s title...
...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...
...While the Federal Reserve moved to shore up the residential mortgage market, agreeing to buy any of the securities guaranteed by Fannie Mae and Freddie Mac, it did not go so far as to backstop the entire...
...The central bank said on Monday it would buy “agency” mortgage bonds — which are guaranteed by the government-backed Fannie Mae and Freddie Mac — “in the amounts needed to support smooth market functioning...
...Mortgage banks typically buy hedges against a fall in their loans’ value to protect themselves during the one-to-two week window between writing loans and selling them to Fannie Mae and Freddie Mac, the...
...He argued, however, that the guarantee should be made explicit and paid for by Fannie and Freddie....
...Additional reporting by Robert Armstrong in New York...
...Non-banks lenders now originate 60 per cent of the mortgages that are guaranteed by Freddie Mac and its peer Fannie Mae, up from 47 per cent five years ago, according to Inside Mortgage Finance....
...The Trump administration set a $200bn fundraising goal to privatise Fannie Mae and Freddie Mac, in what could be the largest-ever public offering....
...However, experts say that there are big financial and political barriers to a public offering of Fannie and Freddie stock....
...He has been vocal about his push for the government to privatise Fannie Mae and Freddie Mac, the housing agencies....
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