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...ICE obtained control of mortgage data repository MERS in 2016 and bought loan origination platform Ellie Mae for $11bn in 2020....
...Three years ago, it sold mortgage software specialist Ellie Mae to ICE for $11bn in one of the most successful private equity deals in recent years....
...Fannie Mae’s pause followed the pivotal event for the mortgage market, namely the collapse on Friday of Silicon Valley Bank....
...Nellie Mae Rowe’s “Pocketbook” (1982), in paint and pencil, was her final drawing after a cancer diagnosis, its indigo purse aglow with memories....
...Fannie Mae and Freddie Mac are all up on the year....
...Morgan Stanley and Centerview advised on GE’s $32bn deal with oil and gas group Baker Hughes....
...New York time (in EST) 12:00 – The last day of Carrie Mae Weems’ The Shape of Things, a day-long “convening” featuring readings, performances and conversations at the Park Ave Armory....
...That Langston Hughes [line] that they need to know. And that’s the Lemonade part of all of this right now.” Neil Munshi is an FT reporter in New York Illustration by James Ferguson...
...Mark Palim, vice-president for applied economics and housing research at Fannie Mae, says many single-family home renters are looking to get back on the property ladder....
...Our colleague Jennifer Hughes cites the worries of fund managers over the underlying collateral that backs covered bonds in Europe, which reminds us that we’ve been meaning to write something about another...
...The legislative proposals have garnered added attention because of the current efforts to reduce the US home loan market’s dependence on Fannie Mae and Freddie Mac, the mortgage financing organisations responsible...
...Elsewhere in the sector, Baker Hughes, the oilfield-services provider, fell 5.9 per cent to $40.89....
...Its shares fell nearly 13 per cent on Monday, even as the rest of the sector rallied on the US government’s intervention to support Freddie Mac and Fannie Mae....
...and Freddie Mac remains somewhat derided in the market,” said James Hughes at CMC Markets. ”It has apparently done little more than underline the perilous state of the US economy.”...
...The $11bn accounting fraud at Fannie Mae stemmed from an “earnings-at-any-cost culture” and the US mortgage giant still poses a systemic threat to financial markets, Randy Quarles, undersecretary for domestic...
...The $11bn accounting fraud at Fannie Mae stemmed from an “earnings at any cost” culture and the US mortgage giant still poses a systemic threat to financial markets, Randy Quarles, undersecretary for domestic...
...Sallie Mae, the former government-sponsored entity now turned private, was responsible for 42 per cent of issuance....
...Foreigners stepped up their buying of Treasury and Agency bonds – those issued by home loan giants Fannie Mae and Freddie Mac – to a net $30.4bn and $35.2bn from $21.8bn and $20.6bn respectively in September...
...between the inflationary impact of rising energy costs, particularly natural gas, and potential bond positives such as a new impetus for US pension reform and reports of further accounting problems at Fannie Mae...
...Those figures refer to non-agency MBS – securities not issued by the giant US housing agencies, Fannie Mae and Freddie Mac, and the Federal Home Loan Banks....
...By the end of the week, Fannie Mae mortgage bonds with a 5.5 per cent coupon yielded 5.48 per cent, or 127bp more than the five-year Treasury....
...When surpluses meant the Treasury was cutting issuance in the late 1990s and long-term surpluses were predicted, players speculated that Agency bonds - those issued by mortgage giants Fannie Mae and Freddie...
...Sharing the headlines with Microsoft was Fannie Mae, up 2.2 per cent at $71.92 after the home loan giant's board of directors pushed out its chief executive and chief financial officer....
...Inflows into Treasuries rose to $19.3bn from $14.6bn but foreigners bought just $1bn in agency bonds - including mortgage providers Fannie Mae and Freddie Mac - from $21.2bn....
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