Fannie Mae

Fannie, Freddie reform outlook shifts as Pulte takes on new role

Bill Pulte’s new intelligence role is reshaping expectations for reform of Fannie Mae and Freddie Mac, industry experts said Wednesday.  Processing Content Experts on the panel focused in part on the precedent set by the government sponsored enterprises’ mortgage-backed securities buying, and addressed audience questions about the implications of their oversight chief’s new acting role. […]

Fannie, Freddie reform outlook shifts as Pulte takes on new role Read More »

Fannie, Freddie shares dip as Pulte’s added role raises questions

While President Trump is entrusting Bill Pulte with the nation’s biggest secrets, shareholders in Fannie Mae and Freddie Mac are losing some faith. Processing Content Shares for the government-sponsored enterprises dipped after the president’s announcement Tuesday that the Federal Housing Finance Agency director would be acting Director of National Intelligence. Pulte, also chairman of both

Fannie, Freddie shares dip as Pulte’s added role raises questions Read More »

Fannie leads portfolio growth but Freddie ahead in acquisitions

Fannie Mae reclaimed the lead in retained portfolio growth last month, pushing to a new record after a year in which Freddie Mac had outpaced its rival.   Processing Content Fannie reported that its retained portfolio jumped to $174.84 billion in April from $168.74 billion the previous month. Freddie’s inched up to $141.81 billion from

Fannie leads portfolio growth but Freddie ahead in acquisitions Read More »

Fannie Mae raises mortgage rate forecast through 2027

Current interest rate levels are unlikely to budge until 2028 at the earliest, remaining within the same 10 basis point range for the next 18 months, according to a newly revised outlook from Fannie Mae. Processing Content The government-sponsored enterprise projects the 30-year fixed rate to average 6.3% in each of this year’s remaining quarters

Fannie Mae raises mortgage rate forecast through 2027 Read More »

Vice Capital Markets releases daily mortgage rate benchmark

Vice Capital Markets has publicly released its Vice Capital Par Note Rate, a proprietary daily mortgage rate benchmark built from agency mortgage-backed security (MBS) prices that’s designed to give lenders and analysts a secondary market view of mortgage pricing. The benchmark, available through an online tracker, provides daily data, long-term trend analysis and custom charting

Vice Capital Markets releases daily mortgage rate benchmark Read More »

Fannie, Freddie investors risk ‘zero earnings’ through ’33

Analysts have largely forecast political inaction on an additional public offering for Fannie Mae and Freddie Mac until after the midterms, and one recently said odds are the wait could be longer. Processing Content Mizuho initiated coverage of both government-sponsored enterprises with a $10 price target for Fannie and $9 for Freddie. It forecasts two

Fannie, Freddie investors risk ‘zero earnings’ through ’33 Read More »

Fannie Mae single-family loan acquisitions reach 3-year high

Fannie Mae reported a stronger profit in the first quarter as the company continues to get leaner. Processing Content The government-sponsored enterprise recorded $3.7 billion in net income during the period, a 5% quarterly increase and on par with its winter result a year ago. Executives cited a shift from fair value losses to gains,

Fannie Mae single-family loan acquisitions reach 3-year high Read More »

Fannie Mae establishes new AI governance guidelines

Fannie Mae released new guidelines surrounding the use of artificial intelligence and machine learning, joining its fellow government-sponsored enterprise in mandating new AI policy.   Processing Content Introduced last week, Fannie Mae’s rules officially take effect on Aug. 6 for sellers and servicers of loans it guarantees. Similar to updates already in place at Freddie Mac

Fannie Mae establishes new AI governance guidelines Read More »

Even as GSEs step into MBS market, macro forces are controlling mortgage rates

Fannie Mae and Freddie Mac have been active in the mortgage-backed securities (MBS) market in recent weeks — but their approach appears more measured and opportunistic than many initially expected. Their activity has also been overshadowed by the U.S.-Iran conflict.  “We’ve seen some activity from the GSEs. Instead of issuing cash window pools and putting

Even as GSEs step into MBS market, macro forces are controlling mortgage rates Read More »

Fannie, Freddie place large bids for mortgage-backed securities

Fannie Mae and Freddie Mac have begun placing sizable orders to purchase mortgage-backed securities, stepping into a market roiled by widening bond spreads and a surge in volatility, according to a person with direct knowledge of the matter. Processing Content The government-controlled entities are moving to capitalize on a sharp selloff while expanding their already

Fannie, Freddie place large bids for mortgage-backed securities Read More »