Items Tagged with 'Freddie Mac'

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[Video] MBA CEO: The future of Fannie Mae and Freddie Mac reform

We need to be concerned about the housing finance system
After nearly 10 years under conservatorship, reforming Fannie Mae and Freddie Mac is finally high up on the President’s priority list. However, there is still no official plan around what exactly this reform will look like. The CEO of the largest trade group in the mortgage finance space gives his take on what the future for reform will likely look like.
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Redwood Trust CEO: We're ready for Trump to bring private capital back to mortgages

Tells investors that REIT will be "aggressive" when time comes
During an interview with CNBC on Thursday, Steven Mnuchin, the newly minted Secretary of the Department of the Treasury, reiterated the Trump administration’s pledge to pursue reform of Fannie Mae and Freddie Mac. And if that happens, Marty Hughes, the CEO of Redwood Trust, says that the real estate investment trust will be ready and willing to step further into the market.
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Freddie Mac: Market uncertainty disorients mortgage rates

30-year mortgage continues to stray from Treasury yield
Mortgage rates increased slightly, once again breaking from the 10-year Treasury yield, which saw a more significant decrease. Freddie Mac’s chief economist explains the divergence between the two numbers stems from rising uncertainty in the market.
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[WATCH] Treasury Secretary Mnuchin says expect GSE reform during Trump administration

Not number one priority, but on the agenda
Treasury Secretary Steven Mnuchin sat down with CNBC for his first television interview since being confirmed to lay out some of the administration’s economic priorities. Among the items discussed, Mnuchin mentioned GSE reform, confirming that a change in Fannie and Freddie’s current status is still high on the administration’s list of priorities.
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Fannie, Freddie stock plummets after court decision dents shareholders' prospects

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.
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Court rejects hedge funds claims in Fannie, Freddie profit sweep

But all is not lost
Fresh off handing down a significant ruling in the battle over the constitutionality of the Consumer Financial Protection Bureau, the U.S. Court of Appeals for the District of Columbia Circuit just dealt a sizable body blow to the investors who claimed that the government’s decision to sweep all the profits from Fannie Mae and Freddie Mac into the government’s coffers was not only unnecessary, but illegal as well.
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Freddie Mac selling off $759 million in non-performing loans

First NPL sale of 2017
Recently, Fannie Mae announced its first non-performing loan sale of 2017, stating that it plans to sell 10,000 delinquent loans with a total unpaid principal balance of $1.76 billion from its portfolio. Fannie Mae’s fellow government-sponsored enterprise announced a NPL sale of its own on Friday.
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Freddie Mac CEO: 4 ways to turn around the supertanker

This is how to manage $2 trillion in assets
One thing that gets little coverage is how effective Freddie Mac CEO Donald Layton managed his team, which runs $2 trillion in assets. So, it seemed appropriate to find out his formula for retaining top staff and keeping the foot soldiers motivated. Layton puts it down to 4 ways they helped turn around this “supertanker.”
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