Items Tagged with 'Freddie Mac'

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Freddie Mac's rough first quarter will likely embolden calls for GSE reform

Vocal critics of GSE capital structure hold new card to play
If you listen closely, you can hear the noise surrounding the recapitalization and release of the government-sponsored enterprises from conservatorship getting louder thanks to Freddie Mac reporting a loss of $354 million in the first quarter. Now all those who want to see an end to the GSE conservatorship for whatever their particular motivation is have a new card to play. And they will play it.
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Former president of Ginnie Mae: Agency should split from HUD

It's time to reconsider Ginnie Mae's role within HUD
Ginnie Mae would be considered a blue-chip institution in the private sector but is unable to plot its own budgetary course, which is a major impediment to growth and stability. Today, Ginnie is a success story. It has outgrown its role as a specialist supporting HUD and, instead, has ballooned to become a core industry driver. Something needs to change.
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Freddie Mac CEO: Mortgage industry running better than ever

Recent net loss not the end of the economic world
This year Freddie Mac “survived” the stress test scenarios that imagine a crash larger than the subprime crisis. Those are just tests, but what about today's reality? Should we expect more losses from Freddie, despite the strength of the overall industry?
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Freddie Mac reports $354M net loss in first quarter

But no draw needed from U.S. Treasury
Freddie Mac reported a $354 million net loss in the first quarter, significantly down from its $2.2 billion net income recorded in the fourth quarter of 2015. The news is a reminder of the GSE's net loss in the third quarter of 2015, which marked the first loss in four years. But despite the news, Freddie CEO Donald Layton remains positive on the results.
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Dick Bove: Where will the mortgage money come from?

Equity analyst not sure there's an answer
In light of Rafferty Capital Markets equity analyst Dick Bove's obvious bias, there's no denying he has a valid point: the primary source of mortgage financing in this nation is under threat. That threat is not only inaction but political wrong-headedness.
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Fannie Mae announces plans to securitize re-performing loans

Mortgage bonds built on previously delinquent loans coming later this year
Less than two weeks after the Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac will be reducing the principal on as many as 33,000 delinquent or underwater borrowers, Fannie Mae announced it now plans to begin securitizing loans that were once delinquent.
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Freddie Mac: Rough start to 2016 doesn't damper housing outlook

Projected to keep momentum in 2016
So far this year, the housing market has struggled to get itself off the ground, but according to an updated forecast report from Freddie Mac, housing is expected "to maintain its momentum in 2016 and be an economic engine of growth." Here are the new predictions for this year, including what to expect from mortgage rates.
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