Hints and tips:
Related Special Reports
...If you buy a Fannie Mae 6 [per cent coupon], it’s as if you’re selling a 105 call for 6 points [the “call” is mortgage holders’ option to refinance if rates should fall]....
...The government created Freddie Mac, Ginnie Mae, mortgage-backed securities, modified mortgages and subsidised rates for homeowners. It was a 1 per cent mortgage era....
...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....
...“What you get as the borrower is assurance that for whatever indefinite period you (choose) . . . you’re not subject to the downside risk.”...
...Trump’s legal team said on Monday that the Trump Organization had approached 30 surety companies — including Allianz, Axa, Berkshire Hathaway, Chubb, Munich Re, Swiss Re and Zurich — via four separate brokers...
...Long-term mortgages: Rising mortgage rates have been a big contributor to the UK’s cost of living crisis. Can long-term mortgages, a norm in the US, help solve the country’s housing crunch?...
...“If you’re able to be almost a stockpicker, you can buy real value at these prices.”...
...Fannie, and its sister mortgage agency, Freddie Mac, had issued CLN-type bonds on about $1.7tn of mortgages....
...In fact — and we’re just spitballing here — perhaps that is where the private credit boom could eventually head? *fixedq a typo in his name. Sorry!...
...ICE obtained control of mortgage data repository MERS in 2016 and bought loan origination platform Ellie Mae for $11bn in 2020....
...Data from the Federal Deposit Insurance Corporation shows it remained at a rate of just 1.5 per cent at the end of the third quarter....
...“We’re a disrupter in legacy-ridden industry. We’ve got a strong track record....
...into the market, and (re)built confidence in asset values....
...to residential mortgage finance; and small depositories must be involved in community lending (including residential mortgage finance)....
...But banks are historically a big buyer of mortgage-backed securities. They’re not out of the woods yet — as shown by, and also because of, MBS prices....
...We pay our corporation tax in the UK. We’ve paid £250mn in tax since we started....
...I think you have a bank that is very close, has great relationships with international corporations that are moving money around the world. That’s a pretty good business to be in....
...And so if you’ve got a floating rate mortgage or if you’re a company that’s borrowed on a floating rate basis, then happy days, because effectively, you know, in a lot of cases, the rate that you’re paying...
...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....
...“These are pretty brutal businesses because you’re live 24/7.” But Parker himself shows no sign of letting up....
...He has not ruled out a re-proposal of the rule....
...Raichura suspects we’re about halfway there. This year will probably bring further pain not only in offices but in multifamily apartment buildings, too....
...Corporation tax is a tax on investment not on shareholders, corporation tax revenue should be reduced to zero....
...From 2002 to 2022, the number of banks insured by the Federal Deposit Insurance Corporation declined by nearly half....
...This seems to be true for both consumers and corporations....
International Edition