Items Tagged with 'Fannie Mae'


  • Cowen's Seiberg says concern about Mnuchin's GSE comment is overblown

    "There has been much teeth-gnashing this week," Seiberg says
    Treasury Secretary Steven Mnuchin started last week having dinner with the Queen of England as part of the entourage accompanying President Donald Trump to Buckingham Palace. A few days later, he made financial news by throwing cold water on plans to reform Fannie Mae and Freddie Mac. "There has been much teeth-gnashing this week after Treasury Secretary Steve Mnuchin said GSE reform cannot simply return Fannie and Freddie to their pre-conservatorship state," said Jaret Seiberg, Cowen’s managing director.
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  • Calabria to Congress: Fannie, Freddie reform is urgent, critical and overdue

    FHFA director's report to Congress makes pleading case to end GSE conservatorship
    FHFA Director Mark Calabria stressed the need to remove the GSEs from conservatorship to lawmakers, outlining the reforms he views as necessary in his first annual Report to Congress since taking the helm at the agency. Here’s what he wants Congress to do to "support sustainable homeownership."
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  • For the 1st time in 3 years, lenders finally expect to turn a profit

    Strong consumer demand has lenders feeling optimistic
    Mortgage lenders are finally feeling optimistic about the business, according to Fannie Mae’s latest sentiment survey. For the first time in nearly three years, senior execs at major lending institutions reported a positive outlook in net profit margins, with most citing increased consumer demand as the main reason.
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  • Fannie, Freddie IPOs at least 3 years away, Raymond James analysts say

    "Preparatory steps" include rebuilding $200 billion to $250 billion in capital
    While the new head of the Federal Housing Finance Agency said last month he's considering an initial public offering of Fannie Mae and Freddie Mac as early as the first half of next year, Raymond James analysts are saying it's not likely to happen for three or four years. There's a long list of preparatory steps, and presidential politics could also play a role, according to the report.
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  • Most consumers overestimate what it takes to get a mortgage

    Fannie Mae survey reveals widespread lack of mortgage knowledge
    When it comes to obtaining a mortgage, the majority of consumers think it requires a higher credit score and larger down payment than is actually necessary, according to a recent survey by Fannie Mae. And, these widespread misperceptions about mortgage requirements could be holding some back from pursuing homeownership.
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  • REITs eye opportunities in the mortgage market as government pulls back

    Real estate investment trusts are beefing up their mortgage-bond portfolios, WSJ says
    Real estate investment trusts have not typically been huge participants in the housing finance market, but it seems the tide is quickly turning. According to a recent article in The Wall Street Journal, mortgage REITs have beefed up their mortgage-bond portfolios by nearly 28% year over year as of March, boosting their total collective investment to $308 billion.
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  • FHFA merges GSE issuance to common security in bid to cut housing costs for millions

    Fannie, Freddie officially move to Uniform MBS
    As of Monday, Freddie Mac and Fannie Mae mortgage-backed securities will be issued under a common security – the Uniform MBS – in a move some have called the biggest change to the MBS market in a generation. FHFA called the implementation of UMBS "momentous" and said it will cut costs for American homebuyers, but what is it, and what exactly will it mean for the U.S. mortgage market?
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  • From HW Magazine

    Trump calls for reform

    Administration moves on bringing Fannie, Freddie out of conservatorship
    In March, President Donald Trump began officially calling for an end to the conservatorship of Fannie Mae and Freddie Mac. A statement released by the White House said that Fannie Mae and Freddie Mac have grown in size and reach, yet face no competition from the private sector, and that the U.S. Department of Housing and Urban Development programs are exposed to too much risk while relying on outdated processes.
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  • From HW Magazine

    2019 Rising Star: Jake Williamson

    Vice President of Single-Family Real Estate, Fannie Mae
    Jake Williamson is a dynamic leader who is a driving force of new ideas and energy in the way he and his team work, bene ting both Fannie Mae and the customer.
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  • WSJ: Trump administration set to release plan on Fannie, Freddie privatization

    Finalizing proposal that would improve GSEs' footing, then set them free
    The Treasury Department is preparing to release a plan detailing the privatization of Fannie Mae and Freddie Mac, inside sources told The Wall Street Journal Thursday. The plan is being finalized now and promotes a "recap and release" strategy that would put the GSEs on more solid footing and then release them from government control.
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