Articles Tagged with ''Jim Vogel''

Freddie Mac reports income of $2.6 billion in Q3

Expected to pay $2.6 billion to Treasury
Freddie Mac reported Wednesday it posted a comprehensive income of $2.6 billion in the third quarter of 2018. However, the company reported its single-family origination volumes decreased by 6%. FTN Financial Group analyst Jim Vogel highlights that the current system has become dependent on outside capital.
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Renting the way to recovery

It is unlikely Federal Reserve Chairman Ben Bernanke — set to speak Friday from Jackson Hole, Wyo. — will relieve the struggling credit markets with language prophesying a third round of quantitative easing. That's not to suggest QE3 isn't coming. Jim Vogel of FTN Financial puts the chance of future economic stimulus around 50%. Paul Dales, U.S. economist at Capital Economics, said any such intervention in the secondary market would have a limited impact.
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The Distraction Behind the Delisting of Fannie Mae and Freddie Mac

For the long suffering shareholders of the GSEs, Fannie Mae and Freddie Mac, the news of the FHFA directive to delist from the NYSE and other exchanges likely feels like the last nail in the coffin. For them, it just might be. But for mortgage finance it's proving to be little more than a distraction. To use the words of Bert Ely, of the monetary consultancy firm Ely & Company: "It's no big deal."
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The GSE Buyouts are Here

HousingWire today covered Freddie's announcement regarding its plans to buy back from its pools substantially all loans 120 days or more delinquent in February, to be reflected in the factor tapes (the basis for prepayment calculations, trading assumptions, etc.) delivered March 5, 2010.
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