Items Tagged with 'Freddie Mac'

ARTICLES

Fannie Mae, Freddie Mac stock hangs in the balance after Mnuchin privatization talks

The easy and difficult road ahead for Mnuchin
The highs Fannie Mae’s and Freddie Mac’s stocks experienced toward the end last year didn’t stay long. After Trump’s Treasury Secretary nominee Steven Mnuchin retreated from his original stance on privatizing the government-sponsored entities during his confirmation hearing, both GSEs’ stock tumbled as their future got called into question.
Read More

Trump Treasury pick Mnuchin opposes recap and release of Fannie Mae, Freddie Mac

Previously said GSE conservatorship will end
For the first three hours of the confirmation hearing of Steve Mnuchin, the Trump administration’s choice to lead the Department of the Treasury, nearly all of the housing-related discussion centered on the mortgage servicing and foreclosure practices of OneWest Bank, the bank that Mnuchin formerly chaired. But that changed when Sen. Mark Warner, D-Virginia, began questioning Mnuchin about Fannie Mae and Freddie Mac.
Read More

Here's one Fannie Mae bull's take on how the GSEs can exit conservatorship

And what happens to the stock after that
In the weeks since Steve Mnuchin sent shockwaves through the housing industry by stating that the Trump administration planned to end the conservatorship of Fannie Mae and Freddie Mac, reactions varied on whether that can actually be done and how expensive it might be. Here's an interesting take from an interested party on how the GSEs might actually exit conservatorship and what that would mean to the GSE stockholders who've waited quite a few years for a resolution.
Read More

Steve Mnuchin, Trump Treasury pick, to face Senate on Jan. 19

Former Goldman Sachs, OneWest Bank exec likely to be grilled by Democrats
On Friday, the Senate Committee on Finance announced that the confirmation hearing for Steve Mnuchin, the Trump administration’s choice to lead the Department of the Treasury, will take place on Thursday, Jan. 19. The Democrats are expected to grill Mnuchin for his time with OneWest Bank, which was accused of redlining and illegal foreclosure activities under his leadership.
Read More

Fannie Mae, Freddie Mac increase mortgage modification interest rate to highest level in 18 months

Benchmark rate increased to July 2015 level
For the second time in two months, Fannie Mae and Freddie Mac announced that they are increasing the benchmark interest rate for standard mortgage modifications. While last month’s increase saw Fannie and Freddie increase the standard mortgage modification benchmark interest rate to a level not seen in months, the GSEs said they are increasing the standard mortgage modification interest rate to the highest level in 18 months.
Read More