Items Tagged with 'Fannie Mae'

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Urban Institute: Selling NPLs to investors works. Here's how to make it better

Four ways to improve sales
Researchers from the Urban Institute are already on the record with their view that more pools of non-performing loans need to be sold to private investors, but a new article posted on the Urban Institute's Urban Wire blog on Housing and Housing Finance suggests that more steps need to be taken to ensure a mutually beneficial result for all parties involved in a non-performing loan sale.
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Goldman Sachs subsidiary just bought more non-performing loans from Fannie Mae

Fannie also announces sale of smaller NPL pool to non-profit
For the third time in 2016, MTGLQ Investors, L.P., a "significant subsidiary" of Goldman Sachs is the winning bidder for a pool of non-performing loans from Fannie Mae. With this latest NPL purchase, MTGLQ Investors officially purchased more than $2.2 billion in non-performing loans from Fannie Mae this year.
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Chase quietly launches its own 3% down mortgage lending program

Rolls out first-time homebuyer program with Fannie Mae backing
Prospective homebuyers, especially first-time homebuyers who struggle to save for a down payment, have a new, and significant, outlet they can now turn to when seeking a low down payment mortgage — JPMorgan Chase. Not be outdone by Wells Fargo, JPMorgan Chase also recently launched its own 3% down mortgage program, albeit much more quietly.
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New York Times: Fannie Mae and Freddie Mac being 'held captive'

How involved was the white house in 2012 profit sweeps?
On Wednesday the court unsealed documents that proved just how involved the White House was in the Treasury’s decision to sweep the mortgage company’s profits. It seems that the administration may not have ever intended to release the companies back to the private sector.
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There's no consensus on GSE reform, but there is this

Revolution deadline, TBD
After attending a conference with some of the top investors in housing, I’ve come to realize housing is as close to solving GSE reform as it is in solving "which came first, the chicken or the egg?" But amid all the opinions and solutions discussed, there was one session right before I headed back to Dallas that tossed out an opinion I think needs to be mentioned.
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Fannie Mae: Economic growth weak, but housing is improving

Can housing save this great nation?
The major economic indicators disappointed in the first quarter, and will lead to a weaker than expected performance for the country’s economy this year, economists at Fannie Mae said in a new report. And positive housing trends won’t be enough to save 2016 from that weak first quarter.
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Home Depot stocking up for remodeling wave?

Dive deeper into the numbers and a strategy emerges
Today's earnings come on the heels of a weak building permits and housing starts report from the department of commerce. A closer look at those numbers, and Home Depot's, reveal a potential, bold strategy for the renovation retailer. Here it is.
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