• Us_economy_chart

    Fannie, Freddie stock plummets after court decision dents shareholders' prospects


    But still trading above pre-election totals

  • InvestmentsLending

    But still trading above pre-election totals

    Shares of Fannie Mae and Freddie Mac went into free fall on Tuesday after the U.S. Court of Appeals for the District of Columbia Circuit ruled that Fannie and Freddie shareholders cannot pursue many of their claims related to the so-called “Third Amendment sweep.” But despite the drop, both Fannie and Freddie are still trading above where they were prior to the election of President Donald Trump.

This month in
HousingWire magazine

Cover Story
February 2017

Mortgage servicing boom

In the aftermath of the financial crisis, low interest rates and strict capital requirements combined to make servicing a losing proposition for many banks. The sharp glare of regulators didn’t help either, as banks and nonbanks navigated the already thankless waters of servicing with a new target on their backs. But all that changed abruptly in the fourth quarter of 2016 with the one-two punch of a Trump win and a rate hike by the Federal Reserve.


Servicing under Trump's administration