Breaking News

Items Tagged with 'GSE'

ARTICLES

  • End of conservatorship? Trump administration proposes privatizing Fannie Mae, Freddie Mac

    Government reveals plan to reshape country’s housing finance system
    Later this year, the housing industry will “celebrate” the 10-year anniversary of Fannie Mae and Freddie Mac being taken into conservatorship at the height of the housing crisis, but if the Trump administration has its way, the conservatorship of the government-sponsored enterprises could actually be ending soon.
    Read More
  • From HW Magazine

    SFR scales up

    With homeownership out of reach for many, single-family rentals continue to boom
    Single-family rental homes have long been an important piece of the housing economy and in recent years have taken on new importance. Following the housing crisis, more Americans and their families are choosing to rent and have decided that a single-family home is the best option to fit their needs.
    Read More
  • Fannie Mae CEO: We will return to profit in 2018

    "We are a b2b business, we’re not a b2c business."
    “We had a solid quarter in that our business performance was excellent,” Timothy Mayopoulos told HousingWire by phone. “The quarter’s earning are not a reflection of our underlying business. We will also benefit from the lower corporate tax rate.”
    Read More
  • 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.
    Read More
  • Fannie and Freddie make more money per employee than almost any other company

    GSEs’ profit per employee is among highest in the world
    What Fannie Mae and Freddie Mac do with the money they make has long been a debate in the housing finance world. What has never been up for debate is just how much money the GSEs make. Being the major (only?) players in the secondary mortgage market has been good business for Fannie and Freddie for some time. But new analysis puts the GSEs’ business into stark perspective.
    Read More
  • Fannie Mae CEO: We are now devoting attention to mortgage servicing tech

    "It's now technically possible to get to fully digital mortgages"
    Fannie Mae CEO Tim Mayopoulos told HousingWire Thursday that Fannie Mae remains focused on trying to address frictions in the mortgage finance space. So what does all this mean? Fannie Mae is not just actively engaging with private vendors on the origination side. Indeed, the GSE intends to ramp up similar activities on the servicing side.
    Read More
  • Huge housing trade groups push FHFA for FICO alternatives

    Calls grow for Fannie and Freddie to use alternative credit scoring models
    A coalition of the housing industry’s largest trade groups want Fannie Mae and Freddie Mac to look beyond FICO and begin using alternative credit scoring models. In a letter sent last week to Federal Housing Finance Agency Director Mel Watt, the groups express their disappointment in Watt, who recently threw cold water on the idea that Fannie and Freddie would begin using alternative credit scoring models at any point in the next two years.
    Read More
  • Wells Fargo: Here’s the impact of HARP extension, GSEs’ new high-LTV refi program

    Eligibility rules of refi program will limit scope
    After several delays, the government’s crisis-era Home Affordable Refinance Program was finally set to expire next month, until the Federal Housing Finance Agency announced Thursday that it’s extending the HARP deadline until the end of 2018. So what’s the impact of the change? Not much, unless there’s another housing crisis, Wells Fargo said in a new report.
    Read More
  • FHFA: HARP extended through 2018

    Refinance program previously set to end next month
    The government’s Home Affordable Refinance Program was all set to end next month, September 30, to be exact, but that’s not the case anymore. The Federal Housing Finance Agency announced Thursday that it is extending HARP through Dec. 31, 2018, adding an additional 15 months onto the program’s already extended lifespan.
    Read More