Hints and tips:
Related Special Reports
...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!...
...In the US, they are largely possible only through government intervention, since many of the loans end up being guaranteed by government agencies Fannie Mae and Freddie Mac....
...Fannie Mae is paying something like 92 per cent of its revenues to the government, and Freddie is something like 73 per cent. That’s $40bn a year; over the life of a presidency, it’s maybe $160bn....
...Also in the group is Manuel Sánchez Rodriguez, a former top executive at Spanish bank BBVA and a board member, since 2018, of the US government-backed mortgage insurance company Fannie Mae....
...I saw this happen first-hand as FDIC chair during the 2008 crisis and, again, as chair of the Fannie Mae board during the pandemic....
...Into the FHLBiverse The regional Federal Home Loan Banks are part of the Federal Home Loan Bank system — an ür-government sponsored enterprise, predating better-known cousins like Fannie Mae and Freddie...
...Fannie Mae’s pause followed the pivotal event for the mortgage market, namely the collapse on Friday of Silicon Valley Bank....
...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....
...Finally, when the MBS market first started taking off in the 1970s and 1980s it also needed a government quasi-guarantee in the form of backing from agencies like Fannie Mae and Freddie Mac....
...Crucially, homeowner sentiment has improved; the April data point of the Fannie Mae National Housing Survey indicates that respondents now expect positive home price appreciation for the next 12 months,...
...Some of these sins of omission involve institutions: the mortgage groups Fannie Mae and Freddie Mac, for example, remain stuck in a bizarre legal limbo, while there is still far too little scrutiny of non-bank...
...Central banks in the US and UK are both meeting to set interest rates — the Federal Reserve will announce its decision on Wednesday and the Bank of England on Thursday....
...But the bigger picture remains a strong economy and national housing shortage supporting rent growth combined with preferential government financing via Fannie Mae and Freddie Mac....
...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...
...insurers Fannie Mae and Freddie Mac with the US government....
...This was followed by similar deals by other US mortgage agencies such as Freddie Mac and Fannie Mae, to little fanfare....
...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....
...That’s because new home construction is down sharply in both the US and the UK, and Fannie Mae is forecasting US home sales will fall 21.3 per cent year on year in 2023 to their lowest level since 2010....
...Job moves The Federal Deposit Insurance Corporation has appointed former Fannie Mae boss Tim Mayopoulos to run Silicon Valley Bank’s bridge lender following the bank’s collapse....
...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...
...The Biden administration also announced on Thursday that the Federal Housing Finance Agency will extend a moratorium on foreclosures for mortgages backed by Fannie Mae and Freddie Mac until the end of next...
...The data “clearly points to a housing market that has turned”, said Doug Duncan, chief economist at Fannie Mae....
...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....
International Edition