The regulator of Fannie Mae and Freddie Mac is on the cusp of making big changes to the market for interest-rate swaps, in a move that could potentially cut into Wall Street firms’ revenues and generate new business for some firms that run exchanges. The Federal Housing Finance Agency, which oversees the government-owned mortgage giants, expects them to start using a clearinghouse to trade the swaps by year’s end, according to people familiar with the matter.
Fannie Mae, Freddie Mac touch off swaps scrap
Most Popular Articles
Latest Articles
NAF’s Gatling: Recognize that diverse communities are the norm
Mosi Gatling of New American Funding shared perspectives on housing conversations among diverse communities at The Gathering.
-
Buyers are struggling to compete in the white-hot Cincinnati market
-
HUD details funding, policy support for green homes and climate resilience
-
Pending home sales post a modest gain in March: NAR
-
Anywhere reports losses during the slower winter season
-
Wendy Forsythe joins eXp Realty as chief marketing officer