Items Tagged with 'Government-sponsored enterprise'

ARTICLES

  • 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.
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  • Freddie Mac second quarter net income declines to $1.7 billion

    Returns more than $108 billion to taxpayers since 2008
    Freddie Mac’s financial results remained steady, as it reported net income of $1.7 billion for the second quarter of 2017. This is slightly down from the first quarter of 2017. Donald Layton, Freddie Mac CEO, commented on the stability of the GSE, saying, “Our continued very solid financial results and strong business fundamentals reflect the company’s transformation into a well-run commercial enterprise.”
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  • [Video] MBA CEO: The future of Fannie Mae and Freddie Mac reform

    We need to be concerned about the housing finance system
    After nearly 10 years under conservatorship, reforming Fannie Mae and Freddie Mac is finally high up on the President’s priority list. However, there is still no official plan around what exactly this reform will look like. The CEO of the largest trade group in the mortgage finance space gives his take on what the future for reform will likely look like.
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  • Gary Cohn: Fannie Mae, Freddie Mac reform will be high on Mnuchin's agenda

    Maybe GSE reform will happen quickly after all?
    Despite Fitch Ratings’ analysts suggesting recently that reforming Fannie Mae and Freddie Mac may be slowed by the Trump administration’s other legislative efforts, one of President Trump’s top economic advisors said Friday that Fannie and Freddie reform will be high on Steve Mnuchin’s agenda once he is confirmed as Secretary of the Department of the Treasury.
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  • Moody's: Privatizing Fannie Mae, Freddie Mac would cost "hundreds of billions"

    Report predicts disruption to secondary market
    Steve Mnuchin, President-elect Donald Trump’s choice to lead the Department of the Treasury, recently said that “getting Fannie and Freddie out of government ownership” is one of the Trump administration’s top 10 priorities. But just how realistic is that plan? According to a new report from Moody’s Investors Service, privatizing the GSEs is not only unlikely to happen any time soon, it’s also hugely cost-prohibitive, and it would be a negative for bond investors as well. Other than that, Mrs. Lincoln, how was the show?
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  • Freddie Mac posts second profitable quarter in a row

    Returns a total of $2.3 billion to taxpayers
    Freddie Mac managed to report another profitable quarter and posted net income of $2.3 billion for the third quarter of 2016, up from net income of $993 million for the second quarter of 2016. The government-sponsored enterprise also recorded comprehensive income that is more than double what it recorded for the second quarter of 2016.
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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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  • Freddie Mac recovers in 2Q, posts net income of $993M

    Returns a total of $99.1 billion to taxpayers
    Freddie Mac had a rough start to the year, posting a net loss in the first quarter. However, now its second-quarter financial results are in, and the government-sponsored enterprise performed much better, so much so that it will return an additional $933 million to taxpayers.
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