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Capital markets

Freddie, Fannie updates lead wave of secondary market news

Freddie, Fannie updates lead wave of secondary market news

Capital markets, Secondary markets /

Fannie Mae, Freddie Mac, Vice Capital Markets, Better Mortgage and Wolters Kluwer are among companies adding new secondary market offerings, financing or related technology this week. Processing Content Freddie has released two new types of low-loan balance 30-year mortgages that receive cash pay-ups, according to Vice Capital Markets, which has added the products to its […]

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Double-pledging risk: What mortgage lenders should know

Capital markets, Mortgages, Originations, Risk management, Secondary markets /

As recent incidents of double-pledging risk increase outside the domestic single-family mortgage market, questions arise as to whether they could soon be a concern for home lenders in the United States. Processing Content Double pledging occurs when an asset such as a mortgage or auto loan gets used as collateral for more than one source

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Fannie Mae, Freddie Mac shares rebound on Ackman statement

Fannie Mae, Freddie Mac shares rebound on Ackman statement

Capital markets, Secondary markets /

Bill Ackman, chief executive officer of Pershing Square Capital ManagementJeenah Moon/Bloomberg Government-sponsored enterprise stocks staged a recovery in the wake of a social media post from an influential figure on Wall Street who holds shares. Processing Content Billionaire and legacy GSE investor Bill Ackman’s X post on Sunday indicating the stocks were “stupidly cheap” gave

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Fannie, Freddie portfolios surge to multiyear high

Capital markets, Secondary markets /

Fannie Mae and Freddie Mac’s total retained portfolios hit a new multiyear high last month, and March’s numbers could be even higher amid reports they may have stepped up MBS buying to counter market disruption. Processing Content Fannie held $150 billion in its portfolio in February, including nearly $77 billion of its own MBS, $63

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Freddie Mac’s former chief charts path to GSE capital reform

Freddie Mac’s former chief charts path to GSE capital reform

Capital markets, Secondary markets /

The government-sponsored enterprises appear increasingly likely to face a lengthy capital reform process, but the former CEO of Freddie Mac said he sees a faster way forward.  Processing Content “Although developing such a simplified and reformed capital rule is often seen as a challenging and time-consuming regulatory task, it might well be relatively straightforward,” Donald

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AEI panel: GSEs have never paid for their guarantee

Capital markets, Mortgages, Politics and policy, Secondary markets /

The Trump administration has promised to keep Fannie Mae and Freddie Mac’s implicit government guarantee in any immediate plans for them, but not everyone agrees it should be taken for granted. Processing Content A panel of government-sponsored enterprise reform veterans who saw Fannie and Freddie go into conservatorship back in 2008 reminded attendees of this

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Major GSE investor echoes Ackman’s call for Fannie, Freddie uplisting

Capital markets, Mortgages, Politics and policy, Secondary markets /

Oksenholt Capital Management, an investor in Fannie Mae and Freddie Mac’s stock, is echoing earlier calls by billionaire Bill Ackman for the government-sponsored enterprises’ shares to be moved back to a major exchange. Processing Content “In my view, the time has come for Fannie Mae and Freddie Mac to return to a major public exchange

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Fannie, Freddie share sale likely after midterms or later

Capital markets, Politics and policy, Secondary markets, The Great American Mortgage Corporation /

Movement on plans for an offering of shares from government-sponsored enterprises Fannie Mae and Freddie Mac is likely to be tabled until after the midterm elections, according to a Wedbush report. Processing Content “The only discussion we are expecting from the administration regarding these two until after the midterms, if at all, is around the

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FOA reports another loss in Q4, still profits in 2025

Capital markets, Earnings, Originations, Reverse mortgages, Secondary markets /

Finance of America posted another net loss in the fourth quarter, but saw significant profit increases for 2025 as a whole. Processing Content The reverse mortgage company reported a $21 million loss from continuing operations in the fourth quarter, a $7-million improvement from the previous quarter, FOA revealed on an earnings call Tuesday. On an

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Ackman’s Pershing Square seeks up to $10 billion in NYSE IPO

Capital markets /

Bill Ackman is returning to the IPO market with a combined offering for his hedge fund manager and a new closed-end fund, the latest move in the billionaire’s long campaign to expand his asset management empire to public market investors.  Processing Content The initial public offering for Pershing Square USA Ltd., the closed-end fund, would

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