Items Tagged with 'Fannie'


  • Fannie Mae announces winner of 11th reperforming loan sale

    Sale includes unpaid principal balance of $3.27 billion across four pools
    Fannie Mae announced that DLJ Capital Mortgage, a Credit Suisse subsidiary, is the winner of its 11th reperforming loan sale. The deal includes more than 21,000 loans with an unpaid principal balance of $3.27 billion across four pools and is expected to close on June 21, according to Fannie Mae.
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  • Fannie Mae net income retreats to $2.4B in Q1

    Fannie Mae provided $102 billion in liquidity to the mortgage market this first quarter
    Fannie Mae reported Wednesday it posted a comprehensive income of $2.4 billion in the first quarter of 2019, according to the company’s quarterly earnings report. Overall, through its purchases and guarantees of mortgages, Fannie Mae financed 527,000 home purchases, refinancings or rental units this quarter.
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  • Fannie Mae reports net income of $16B in 2018

    Brings $446.6 billion to the single-family housing market
    Fannie Mae reported comprehensive income of $3.2 billion in the fourth quarter of 2018, bringing its yearly earnings to $15.6 billion in 2018. Although the fourth quarter's income is down from the third quarter's $4 billion, its much higher than the fourth quarter of 2017, when it saw a comprehensive income of $2.3 billion.
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  • 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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