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Articles Tagged with ''Fannie''

Interest rates, falling production and policy weigh on mortgage industry

Downbeat mood at MBA Secondary
Depending on who you ask, talk of GSE reform is either all the rage or totally absent from the discussion at the MBA Secondary conference taking place right now in New York City. Here, in a HousingWire exclusive, Christopher Whalen discusses his view of the GSE reform discussion (or lack thereof) and other observations from the conference.
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SoFi and Fannie Mae announce cash-out refi for student loans

An estimated 8.5 million households could potentially benefit
The student loan debt problem is a growing burden that impacts a wide range of households, more than estimated 8.5 million to be specific. SoFi and Fannie Mae want to fix this. The two companies announced a new loan option on Wednesday that allows homeowners to refinance their mortgage at a lower rate and pay down the balance of an existing student loan.
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Fannie Mae 2Q net income jumps to $2.9B

Recovers from fair value losses in the first quarter
Coming off the heels of a rough first quarter, Fannie Mae’s second-quarter earnings improved, with the company posting net income of $2.9 billion and comprehensive income of $2.9 billion for the second quarter of 2016. As a result, here's how much the government-sponsored enterprise will give back to taxpayers.
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Urban Institute researcher urges more caution with GSE risk transfers

What happens when market conditions deteriorate?
As the government puts more and more effort into distancing taxpayers from mortgage credit risk, a different problem starts to brew. According new blog post from the Urban Institute, the government's efforts to reduce credit risk aren’t fail proof and could instead result in mortgage rates becoming significantly more volatile.
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