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Freddie Mac

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

Fannie Mae, Freddie Mac, Politics and policy, Secondary markets /

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. […]

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

Fannie Mae, FHFA, Freddie Mac, GSEs, Mortgages, Politics and policy /

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

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Fannie leads portfolio growth but Freddie ahead in acquisitions

Fannie Mae, Freddie Mac, Originations, Secondary markets /

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

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Vice Capital Markets releases daily mortgage rate benchmark

Fannie Mae, Freddie Mac, HWmember, MBS, Mortgage, Mortgage Rates, Secondary market /

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

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

Capital markets, Fannie Mae, Freddie Mac, Mortgages, Secondary markets /

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

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Freddie Mac earnings surge on net interest income, credit release

Earnings, Freddie Mac, Mortgages, Secondary markets /

Portfolio growth, a release of credit reserves and strong refinancing activity drove Freddie Mac’s first-quarter earnings up 27% from a year earlier. Processing Content Freddie earned $3.6 billion on a net basis, up from $2.8 billion the previous quarter and a year earlier. It acquired $43 billion in single-family refinances and $60 in purchase loans

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

Fannie Mae, Freddie Mac, Government-Sponsored Enterprise, HWmember, LendingLife, MBS, Mortgage, Regulatory, Secondary market /

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

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Fannie, Freddie place large bids for mortgage-backed securities

Fannie Mae, Freddie Mac, MBS, Secondary markets /

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

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Fannie Mae, Freddie Mac revise condo insurance standards

Affordability, Fannie Mae, FHFA, Freddie Mac, GSEs, Homeowners insurance, HWmember, Mortgage, Regulatory /

Fannie Mae and Freddie Mac on Wednesday announced updates to condominium project standards and property insurance requirements for one- to four-unit properties and project developments, with a stated goal of reducing costs for homeowners. “We are replacing a disruptive and expensive Biden insurance mandate with commonsense policies for today’s market,” Bill Pulte, director of the

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Mortgage rates fall to multiyear lows in time for spring housing market

Freddie Mac, Housing Market, HWmember, Mortgage Rates /

Mortgage rates are at multiyear lows, whether you quote Mortgage News Daily at 5.99% or Freddie Mac weekly data at 5.98%. The drop has come at a good time, as the spring housing market is about to start, with more Americans looking to sell their homes and buy another. First-time homebuyers are looking at the

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