Items Tagged with 'Fannie Mae'

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Here's the final tally on Fannie, Freddie credit risk-sharing in 2016

FHFA report details GSEs' efforts to offload risk
In 2013, Fannie Mae and Freddie Mac began shifting credit risk to investors as part of a plan to reduce the overall risk of the government-sponsored enterprises, and therefore, the risk to the American taxpayers. And a new report published Monday by the Federal Housing Finance Agency shows how much progress the GSEs are making in their collective effort to protect the taxpayers from risk.
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Castle & Cooke Mortgage president appointed to Fannie Mae Single-Family Risk Advisory Board

The board shapes Fannie Mae's credit policies
"Given the important role Fannie Mae plays in our housing economy, this appointment is a real honor. I look forward to sharing my insights with other board members and working together to address important industry challenges," Castle & Cooke Mortgage President and Chief Operating Officer Adam Thorpe said of his new role with Fannie Mae.
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Fannie Mae: Lender optimism higher than ever

But profit margins sink
Consistent with the rest of the market, including builders and consumers, a new survey from Fannie Mae shows even lenders are hitting new survey highs when it comes to confidence in the economy. However, as the market shifts away from refinance mortgages, profit margin outlooks remain low among lenders.
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Community groups, lenders call for Fannie, Freddie to stop paying dividend to Treasury

Will Trump administration have a different answer?
Fannie Mae and Freddie Mac are scheduled to send their latest dividend payment to the Department of the Treasury later this month, but if a consortium of community groups and lenders has their way, that money will stay with the government-sponsored enterprises to help rebuild their dwindling capital base.
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FHFA: Fannie, Freddie single security needs another year to finish

Phase 2 of common security implementation pushed from 2018
Citing the need for additional time for testing and development to ensure a "smooth transition," the Federal Housing Finance Agency announced Thursday that the implementation of the single security, the joint initiative from Fannie Mae and Freddie Mac to develop a single mortgage-backed security that will be issued by the government-sponsored enterprises, is being delayed until the second quarter of 2019.
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Fannie Mae economic growth forecast remains conservative

Taking wait and see approach to Trump’s fiscal stimulus policies
Fannie Mae released this month’s Economic and Housing Outlook, which shows little change in economic growth for the year overall. The mortgage giant explains the administration’s fiscal policy poses both negative and positive risks for the economy.
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Fannie Mae to sell $1.65 billion in re-performing loans

GSE announces second sale of previously delinquent loans
Fannie Mae's sale $1.68 billion in non-performing loans to private equity funds, one of which is a subsidiary of Goldman Sachs, wasn't the only loan sale the government-sponsored enterprise announced on Tuesday.The GSE also announced its second sale of re-performing loans, which will be much larger that its first such sale.
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Fannie Mae selling another $1.68 billion in NPLs to Goldman Sachs subsidiary, private equity

9,400 non-performing loans sold out of Fannie Mae’s portfolio
In what is now a common occurrence, Fannie Mae announced Tuesday that it sold a large portfolio of non-performing loans to private equity funds, one of which is a subsidiary of Goldman Sachs. The sale, which was originally announced last month, consisted of 9,400 non-performing loans that carry an unpaid principal balance of $1.68 billion.
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