Items Tagged with 'Fannie Mae'

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FHFA's Watt reiterates that housing finance reform must come from Congress

Tells bankers' conference that reform effort goes beyond GSEs
On Thursday, while Department of the Treasury Secretary Steven Mnuchin told members of the Senate about the Trump administration’s plans for housing finance reform, Federal Housing Finance Agency Director Mel Watt said that the heavy lifting on housing finance reform needs to come from Congress.
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Treasury Secretary Mnuchin to address Senate Banking Committee on GSE reform

Mnuchin preparing to suspend GSE dividend payments?
Treasury Secretary Steven Mnuchin is scheduled to appear before the Senate Committee on Banking, Housing and Urban Affairs. Reportedly, the hearing will focus on Mnuchin’s thoughts on GSE reform. One analyst explains how the secretary’s response will indicate if Fannie, Freddie reform is truly a priority for this administration.
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LendingHome receives Fannie Mae seller and servicer approval

Names Robert Stiles chief financial officer
LendingHome announced it received Fannie Mae seller and servicer approval. The news allows the company to expand its consumer home financing business. And that’s not the only big news coming from the company. Along with the approval, LendingHome announced a new chief financial officer.
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Fannie Mae: Consumer spending growth to pick up in Q2

Full year growth expectations hold at 2%
Despite the slowdown in economic growth in the first quarter, Fannie Mae remained unchanged in its economic growth forecast, saying consumer spending is set to pick up in the second quarter. And while economic growth slowed in consumer spending, housing remained solid throughout the quarter.
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Urban Institute: Demand for institutional SFR financing will grow

GSEs need guidelines for role in rental market
Fannie Mae recently peeked into the single-family rental space, and the FHFA began to examine the possibility of GSE involvement in the SFR market. The Urban Institute published a report, explaining why Invitation Homes was a good place for Fannie to begin, and what the GSEs should focus on when deciding their future role in the market.
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Fannie Mae makes plan to draw more REIT investors into credit-risk transfers

Proposes new structure to Connecticut Avenue Securities
Fannie Mae proposed a new structure to its benchmark Connecticut Avenue Securities credit risk transfer program to potentially help draw in more Real Estate Investment Trust investors. If done well, the move should avoid any disruption of the To-Be-Announced Mortgage Backed Security market.
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Fannie Mae announces latest non-performing loans sale

And third reperforming loans sale
Fannie Mae began marketing new pools of non-performing and reperforming loans, with bids due by various dates in June. In the non-performing loans category, the company designated its seventh and eighth Community Impact Pool designed to help small investors. Here is more on the company’s new offerings.
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Treasury: Mnuchin never claimed Fannie, Freddie profits specifically funded Obamacare

It's not what he meant
In an interview last week with FOX Business Network’s Maria Bartiromo, Treasury Secretary Steven Mnuchin mentioned that profits of Fannie Mae and Freddie Mac may be used to fund non-housing Federal programs. This lead some to [wrongly] assume he meant specifically funding Obamacare. He didn't. This is what he really meant.
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