Articles Tagged with ''Freddie Mac''

Hensarling blames Watt for GSEs needing Treasury money, demands answers

Criticizes Watt for ordering Fannie, Freddie to contribute to Housing Trust Fund
One of the top Republicans in Congress lays the blame for Fannie Mae and Freddie Mac needing money from the government for the first time since 2012 not on the Republican tax plan’s reduction of the corporate tax rate, but rather, squarely at the feet of Federal Housing Finance Agency Director Mel Watt.
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Freddie Mac announces first non-performing loan sale of 2018

Begins marketing $420 million in loans across four pools
Freddie Mac announced its first non-performing loan sale of 2018, where it is marketing about $420 million in non-performing loans. It is being marketed through these four pools: three standard pool offerings and one extended timeline pool offering, which targets participation by smaller investors, including nonprofits and minority or women-owned businesses.
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Freddie Mac: Mortgage rates surge to highest level since 2014

Follows news of higher-than-expected inflation levels
Mortgage rates continue to surge and have now reached their highest levels since 2014 following the news of higher-than-expected inflation levels. Freddie Mac explained inflation measures were broad-based, cementing expectations that the Federal Reserve will go forward with monetary tightening later this year.
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Freddie Mac reports $3.3 billion loss in Q4

Will request draw from Treasury to cover loss
Freddie Mac, while reporting a profit for the full year in 2017, posted a more than $3 billion loss in the fourth quarter. The fourth quarter’s net income posted a loss of $2.9 billion, and comprehensive income showed a loss of $3.3 billion. Here’s why, and what happens next.
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Fannie Mae needs billions from Treasury for the first time since 2012. What happened?

Credit the Republican tax plan, and much more
If you’ve been playing close attention, you knew this day was coming, but that doesn’t make it any less shocking. Fannie Mae needs money from the government for the first time since 2012. So, how did we get here? The easy answer is to blame the Republican tax plan, and in many ways, that’s correct… but it’s far more complicated than that.
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Trump budget proposes to reduce deficit by raising g-fees

Extends increase to 2023
President Donald Trump released his 2019 budget proposal which suggests taking revenue from Fannie Mae and Freddie Mac to lower the deficit. The spending plan released Monday asks Congress to raise the fees the mortgage guarantors charge to back payments on mortgage-backed securities.
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Freddie Mac: Mortgage rates hit highest level since December 2016

Continue steady climb that began in January
Mortgage interest rates now sit at the highest level in more than a year, thanks to five straight weeks of increases. The latest data from Freddie Mac’s Primary Mortgage Market Survey shows the 30-year fixed mortgage rate just hit its highest mark since December 2016.
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